$0.26 EPS Expected for Casella Waste Systems Inc. (CWST) This Quarter

Analysts expect that Casella Waste Systems Inc. (NASDAQ:CWST) will report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Casella Waste Systems’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.29. Casella Waste Systems posted earnings of $0.25 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The company is expected to issue its next earnings report on Wednesday, August 1st.

On average, analysts expect that Casella Waste Systems will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.70 to $0.72. For the next fiscal year, analysts anticipate that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.85 to $0.96. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. The company had revenue of $147.50 million during the quarter, compared to analysts’ expectations of $139.13 million. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. Casella Waste Systems’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share.

A number of equities analysts have recently weighed in on CWST shares. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. ValuEngine raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, UBS Group assumed coverage on shares of Casella Waste Systems in a research report on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.33.

In other Casella Waste Systems news, General Counsel David L. Schmitt sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $23.63, for a total transaction of $354,450.00. Following the sale, the general counsel now directly owns 52,006 shares of the company’s stock, valued at approximately $1,228,901.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Edmond Coletta sold 33,000 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $23.79, for a total transaction of $785,070.00. Following the sale, the chief financial officer now directly owns 117,255 shares in the company, valued at $2,789,496.45. The disclosure for this sale can be found here. Insiders sold a total of 73,354 shares of company stock worth $1,761,331 over the last ninety days. 11.47% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Deutsche Bank AG lifted its position in Casella Waste Systems by 29.2% during the 4th quarter. Deutsche Bank AG now owns 160,135 shares of the industrial products company’s stock worth $3,684,000 after buying an additional 36,235 shares in the last quarter. Two Sigma Investments LP lifted its position in Casella Waste Systems by 23.6% during the 4th quarter. Two Sigma Investments LP now owns 299,815 shares of the industrial products company’s stock worth $6,902,000 after buying an additional 57,338 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Casella Waste Systems by 8.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 70,600 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 5,600 shares in the last quarter. Wells Fargo & Company MN lifted its position in Casella Waste Systems by 19.2% during the 4th quarter. Wells Fargo & Company MN now owns 246,206 shares of the industrial products company’s stock worth $5,667,000 after buying an additional 39,663 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its position in Casella Waste Systems by 2.5% during the 4th quarter. Driehaus Capital Management LLC now owns 305,153 shares of the industrial products company’s stock worth $7,025,000 after buying an additional 7,424 shares in the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Casella Waste Systems opened at $25.61 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of -12.75, a current ratio of 1.00 and a quick ratio of 0.93. Casella Waste Systems has a fifty-two week low of $15.20 and a fifty-two week high of $27.50. The company has a market capitalization of $1.12 billion, a P/E ratio of 39.68 and a beta of 0.93.

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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