Casella Waste Systems Inc. (CWST) Expected to Announce Quarterly Sales of $170.25 Million

Brokerages expect that Casella Waste Systems Inc. (NASDAQ:CWST) will announce $170.25 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Casella Waste Systems’ earnings. The lowest sales estimate is $166.00 million and the highest is $174.50 million. Casella Waste Systems reported sales of $151.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 21st.

On average, analysts expect that Casella Waste Systems will report full year sales of $653.47 million for the current year, with estimates ranging from $648.00 million to $660.40 million. For the next year, analysts anticipate that the firm will report sales of $718.33 million, with estimates ranging from $713.00 million to $726.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Casella Waste Systems.

CWST has been the subject of several recent analyst reports. ValuEngine lowered Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 11th. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. KeyCorp initiated coverage on Casella Waste Systems in a research note on Monday, February 4th. They issued a “sector weight” rating on the stock. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Finally, Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Thursday, December 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Casella Waste Systems has a consensus rating of “Hold” and an average target price of $32.00.

Shares of CWST stock traded up $0.47 during trading on Monday, hitting $32.03. The company’s stock had a trading volume of 432,300 shares, compared to its average volume of 284,964. The firm has a market cap of $1.35 billion, a PE ratio of 47.81 and a beta of 0.90. Casella Waste Systems has a 52 week low of $22.15 and a 52 week high of $34.48.

In related news, Director William P. Hulligan sold 10,000 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $29.94, for a total value of $299,400.00. Following the sale, the director now owns 59,484 shares in the company, valued at $1,780,950.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory B. Peters sold 4,000 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $30.59, for a total value of $122,360.00. Following the completion of the sale, the director now owns 88,015 shares in the company, valued at approximately $2,692,378.85. The disclosure for this sale can be found here. Corporate insiders own 10.64% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. raised its position in shares of Casella Waste Systems by 218.8% in the fourth quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,652 shares in the last quarter. Ancora Advisors LLC bought a new position in Casella Waste Systems in the third quarter valued at $124,000. NEXT Financial Group Inc bought a new position in Casella Waste Systems in the fourth quarter valued at $129,000. Tower Research Capital LLC TRC bought a new position in Casella Waste Systems in the second quarter valued at $118,000. Finally, Acadian Asset Management LLC bought a new position in Casella Waste Systems in the third quarter valued at $152,000. Institutional investors own 85.86% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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Earnings History and Estimates for Casella Waste Systems (NASDAQ:CWST)

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