News stories about Casella Waste Systems (NASDAQ:CWST) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Casella Waste Systems earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.5378325882589 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Reviewing MagneGas (MNGA) & Casella Waste Systems (CWST) (americanbankingnews.com)
- Gregory B. Peters Sells 4,300 Shares of Casella Waste Systems (CWST) Stock (americanbankingnews.com)
- First Analysis Comments on Casella Waste Systems’ FY2019 Earnings (CWST) (americanbankingnews.com)
- Casella Waste Systems (CWST) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Analysts Expect Casella Waste Systems (CWST) Will Post Quarterly Sales of $139.05 Million (americanbankingnews.com)
Several brokerages have recently weighed in on CWST. BidaskClub cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. UBS began coverage on Casella Waste Systems in a report on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 price objective for the company. ValuEngine upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet upgraded Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, December 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.60.
Casella Waste Systems stock opened at $24.11 on Thursday. Casella Waste Systems has a 1-year low of $12.25 and a 1-year high of $27.38. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of -12.61. The company has a market capitalization of $1,010.96, a PE ratio of -43.84 and a beta of 0.79.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $145.30 million. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts forecast that Casella Waste Systems will post 0.73 EPS for the current fiscal year.
In related news, General Counsel David L. Schmitt sold 3,108 shares of Casella Waste Systems stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.53, for a total transaction of $82,455.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edmond Coletta sold 25,000 shares of Casella Waste Systems stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $23.29, for a total value of $582,250.00. The disclosure for this sale can be found here. Insiders have sold 129,625 shares of company stock valued at $3,215,250 in the last quarter. 11.47% of the stock is currently owned by corporate insiders.
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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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