Casella Waste Systems Inc. (NASDAQ:CWST) – Analysts at First Analysis issued their Q1 2018 EPS estimates for Casella Waste Systems in a research report issued on Sunday. First Analysis analyst C. Greendale anticipates that the industrial products company will post earnings of $0.00 per share for the quarter. First Analysis also issued estimates for Casella Waste Systems’ FY2018 earnings at $0.71 EPS and FY2019 earnings at $0.73 EPS.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Casella Waste Systems had a negative return on equity of 58.61% and a negative net margin of 3.64%. The business had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $145.30 million. During the same period last year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
Casella Waste Systems (CWST) opened at $23.76 on Wednesday. The firm has a market cap of $1,002.08, a P/E ratio of -43.20 and a beta of 0.79. The company has a debt-to-equity ratio of -12.61, a quick ratio of 0.88 and a current ratio of 0.95. Casella Waste Systems has a 12 month low of $12.25 and a 12 month high of $27.38.
In other Casella Waste Systems news, COO Edwin D. Johnson sold 99,091 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $21.01, for a total value of $2,081,901.91. Following the completion of the sale, the chief operating officer now directly owns 469,500 shares of the company’s stock, valued at approximately $9,864,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Douglas R. Casella sold 21,332 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $23.62, for a total transaction of $503,861.84. The disclosure for this sale can be found here. Insiders sold a total of 199,416 shares of company stock valued at $4,614,798 over the last ninety days. 11.47% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CWST. Standard Life Aberdeen plc purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at $51,786,000. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Casella Waste Systems during the 3rd quarter valued at $10,017,000. Macquarie Group Ltd. grew its stake in shares of Casella Waste Systems by 51.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock valued at $29,140,000 after buying an additional 525,459 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of Casella Waste Systems by 171.9% during the 3rd quarter. Epoch Investment Partners Inc. now owns 637,775 shares of the industrial products company’s stock valued at $11,990,000 after buying an additional 403,224 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Casella Waste Systems by 91.1% during the 4th quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after buying an additional 339,447 shares during the period. 81.59% of the stock is owned by institutional investors.
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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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