Zacks: Analysts Expect Casella Waste Systems, Inc. (NASDAQ:CWST) to Post $0.30 Earnings Per Share

Equities analysts forecast that Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) will post earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Casella Waste Systems’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.28. Casella Waste Systems posted earnings per share of $0.25 during the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Casella Waste Systems will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.99 to $1.00. For the next financial year, analysts anticipate that the firm will post earnings of $1.22 per share, with EPS estimates ranging from $1.14 to $1.26. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last released its earnings results on Thursday, April 28th. The industrial products company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The firm had revenue of $234.00 million for the quarter, compared to the consensus estimate of $221.77 million. Casella Waste Systems had a net margin of 4.62% and a return on equity of 11.62%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS.

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Casella Waste Systems from a “b” rating to a “c+” rating in a research report on Friday, February 18th. Raymond James upped their price target on shares of Casella Waste Systems from $92.00 to $100.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 22nd. Zacks Investment Research cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 12th. Finally, StockNews.com cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Monday, April 25th.

In other Casella Waste Systems news, COO Edwin D. Johnson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $90.76, for a total transaction of $907,600.00. Following the transaction, the chief operating officer now owns 106,298 shares in the company, valued at approximately $9,647,606.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Edwin D. Johnson sold 17,785 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $70.34, for a total transaction of $1,250,996.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,475 shares of company stock worth $11,268,667. 6.04% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. RE Advisers Corp lifted its stake in Casella Waste Systems by 57.7% during the 3rd quarter. RE Advisers Corp now owns 339 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 124 shares during the period. Marshall Wace LLP bought a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $26,000. Trust Co. of Vermont bought a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $49,000. Lindbrook Capital LLC lifted its stake in shares of Casella Waste Systems by 1,025.7% in the 4th quarter. Lindbrook Capital LLC now owns 833 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 759 shares during the period. Finally, SouthState Corp bought a new position in shares of Casella Waste Systems in the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 95.61% of the company’s stock.

Shares of NASDAQ:CWST traded down $4.68 during midday trading on Friday, reaching $82.24. The company’s stock had a trading volume of 355,050 shares, compared to its average volume of 226,930. The firm has a 50 day moving average of $85.12 and a 200-day moving average of $82.65. The firm has a market capitalization of $4.23 billion, a P/E ratio of 102.80, a PEG ratio of 6.18 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.28. Casella Waste Systems has a 12-month low of $62.47 and a 12-month high of $92.75.

Casella Waste Systems Company Profile (Get Rating)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

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Earnings History and Estimates for Casella Waste Systems (NASDAQ:CWST)

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