Casella Waste Systems Inc. (NASDAQ:CWST) insider Edmond Coletta sold 10,534 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.52, for a total transaction of $279,361.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Casella Waste Systems Inc. (NASDAQ CWST) traded up $0.03 during mid-day trading on Thursday, hitting $25.45. The stock had a trading volume of 437,463 shares, compared to its average volume of 207,936. The firm has a market capitalization of $1,104.89, a P/E ratio of -19.58 and a beta of 0.79. Casella Waste Systems Inc. has a 1-year low of $12.21 and a 1-year high of $27.38. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The business had revenue of $151.20 million during the quarter, compared to the consensus estimate of $145.30 million. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. equities research analysts expect that Casella Waste Systems Inc. will post 0.66 EPS for the current fiscal year.
Several research firms have recently weighed in on CWST. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, January 24th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Finally, KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Casella Waste Systems presently has a consensus rating of “Buy” and an average target price of $21.20.
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Casella Waste Systems Company Profile
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.
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