Casella Waste Systems, Inc. (NASDAQ:CWST) is set to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $154.02 million for the quarter, compared to analyst estimates of $149.88 million. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, analysts expect Casella Waste Systems to post $0.56 EPS for the current fiscal year and $0.65 EPS for the next fiscal year.
Shares of Casella Waste Systems, Inc. (CWST) opened at 17.96 on Wednesday. The firm’s market cap is $754.97 million. The firm has a 50-day moving average price of $17.97 and a 200-day moving average price of $16.23. Casella Waste Systems, Inc. has a 12-month low of $10.65 and a 12-month high of $19.13.
Several research firms have recently commented on CWST. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Friday, July 7th. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target on shares of Casella Waste Systems in a research report on Wednesday, July 19th. KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, October 13th. Finally, BidaskClub raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.83.
In related news, Director Michael K. Burke sold 31,500 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $17.93, for a total transaction of $564,795.00. Following the sale, the director now owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William P. Hulligan sold 20,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $16.15, for a total value of $323,000.00. Following the sale, the director now directly owns 96,760 shares in the company, valued at approximately $1,562,674. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.
About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
Receive News & Ratings for Casella Waste Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.