Wall Street analysts predict that Casella Waste Systems Inc. (NASDAQ:CWST) will report $183.23 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Casella Waste Systems’ earnings, with the highest sales estimate coming in at $184.00 million and the lowest estimate coming in at $182.70 million. Casella Waste Systems posted sales of $165.65 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.6%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, August 1st.
On average, analysts expect that Casella Waste Systems will report full-year sales of $718.63 million for the current fiscal year, with estimates ranging from $716.00 million to $721.00 million. For the next fiscal year, analysts expect that the firm will report sales of $754.37 million, with estimates ranging from $750.00 million to $763.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Casella Waste Systems.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $163.70 million for the quarter, compared to analysts’ expectations of $161.77 million. Casella Waste Systems had a net margin of 1.27% and a return on equity of 390.60%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year.
In other news, insider Edmond Coletta sold 146,017 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.30, for a total transaction of $5,446,434.10. Following the transaction, the insider now directly owns 292,035 shares in the company, valued at approximately $10,892,905.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Callahan, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $192,650.00. Following the transaction, the director now owns 65,736 shares in the company, valued at $2,532,808.08. The disclosure for this sale can be found here. Insiders have sold a total of 415,251 shares of company stock worth $15,599,854 over the last 90 days. 9.65% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dorsey Wright & Associates grew its stake in Casella Waste Systems by 33.3% in the 2nd quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock valued at $41,000 after buying an additional 257 shares during the last quarter. Advisory Services Network LLC grew its stake in Casella Waste Systems by 133.5% in the 4th quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock valued at $188,000 after buying an additional 3,783 shares during the last quarter. FMR LLC grew its stake in Casella Waste Systems by 3,567.0% in the 4th quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock valued at $196,000 after buying an additional 6,706 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Casella Waste Systems in the 2nd quarter valued at about $201,000. Finally, Legal & General Group Plc grew its stake in Casella Waste Systems by 9.2% in the 4th quarter. Legal & General Group Plc now owns 7,288 shares of the industrial products company’s stock valued at $207,000 after buying an additional 615 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.
CWST traded up $0.67 during trading on Friday, hitting $42.68. The company had a trading volume of 2,771 shares, compared to its average volume of 314,333. The stock has a market capitalization of $1.91 billion, a P/E ratio of 69.98 and a beta of 0.83. Casella Waste Systems has a one year low of $24.61 and a one year high of $42.12. The stock has a 50-day moving average of $39.88. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.02 and a quick ratio of 0.96.
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, Western, 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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