-$0.01 EPS Expected for Casella Waste Systems (CWST) This Quarter

Wall Street brokerages expect Casella Waste Systems (NASDAQ:CWST) to report earnings per share of ($0.01) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Casella Waste Systems’ earnings. The highest EPS estimate is $0.02 and the lowest is ($0.04). Casella Waste Systems posted earnings of $0.01 per share in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The business is expected to report its next earnings results after the market closes on Thursday, May 3rd.

On average, analysts expect that Casella Waste Systems will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.67 to $0.75. For the next financial year, analysts forecast that the company will report earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.94. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Casella Waste Systems.

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Casella Waste Systems (NASDAQ:CWST) last announced its earnings results 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). The firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $145.30 million. Casella Waste Systems had a negative return on equity of 58.61% and a negative net margin of 3.64%. Casella Waste Systems’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS.

A number of equities analysts have recently weighed in on CWST shares. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, December 26th. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, January 24th. BidaskClub lowered Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, TheStreet upgraded Casella Waste Systems from a “d” rating to a “c” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Casella Waste Systems presently has an average rating of “Buy” and a consensus target price of $23.60.

Shares of NASDAQ CWST opened at $24.92 on Thursday. The company has a market cap of $1,036.76, a PE ratio of 37.19 and a beta of 0.92. 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 1-year low of $13.32 and a 1-year high of $27.38.

In other Casella Waste Systems news, General Counsel David L. Schmitt sold 3,108 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher Heald sold 2,883 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.51, for a total value of $76,428.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,625 shares of company stock worth $3,215,250. Corporate insiders own 11.47% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Casella Waste Systems by 1.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 197,032 shares of the industrial products company’s stock worth $4,536,000 after acquiring an additional 2,458 shares during the period. Ramsey Quantitative Systems bought a new position in Casella Waste Systems during the 4th quarter worth $123,000. Fuller & Thaler Asset Management Inc. increased its stake 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 acquiring an additional 5,600 shares during the period. SeaCrest Wealth Management LLC bought a new position in Casella Waste Systems during the 4th quarter worth $138,000. Finally, Driehaus Capital Management LLC increased its stake 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 acquiring an additional 7,424 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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

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