Brokerages Anticipate Casella Waste Systems Inc. (CWST) to Announce $0.15 EPS

Brokerages expect Casella Waste Systems Inc. (NASDAQ:CWST) to announce earnings of $0.15 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Casella Waste Systems’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.16. Casella Waste Systems reported earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 36.4%. The business is expected to report its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Casella Waste Systems will report full year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.65 to $0.70. For the next fiscal year, analysts expect that the business will post earnings of $0.90 per share, with EPS estimates ranging from $0.82 to $0.97. Zacks’ EPS 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 released its earnings results on Thursday, November 1st. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Casella Waste Systems had a negative return on equity of 94.81% and a net margin of 6.30%. The company had revenue of $172.83 million during the quarter, compared to analysts’ expectations of $172.77 million. During the same period last year, the firm posted $0.30 EPS. Casella Waste Systems’s quarterly revenue was up 7.8% compared to the same quarter last year.

Several research firms have recently commented on CWST. BidaskClub upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, September 18th. Raymond James upped their price objective on Casella Waste Systems from $33.00 to $35.00 and gave the stock a “strong-buy” rating in a report on Friday, September 7th. Finally, ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 11th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.50.

Shares of CWST stock traded up $0.38 during mid-day trading on Friday, hitting $31.06. The company had a trading volume of 54,939 shares, compared to its average volume of 213,009. Casella Waste Systems has a 52-week low of $19.37 and a 52-week high of $34.48. The company has a market capitalization of $1.32 billion, a PE ratio of 46.36 and a beta of 0.88.

In other Casella Waste Systems news, COO Edwin D. Johnson sold 20,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $31.20, for a total value of $624,000.00. Following the sale, the chief operating officer now owns 345,317 shares of the company’s stock, valued at $10,773,890.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory B. Peters sold 3,000 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $33.31, for a total value of $99,930.00. Following the completion of the sale, the director now directly owns 92,015 shares in the company, valued at approximately $3,065,019.65. The disclosure for this sale can be found here. Insiders sold 33,000 shares of company stock worth $1,046,930 in the last three months. 11.47% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Casella Waste Systems during the second quarter valued at $118,000. Ancora Advisors LLC acquired a new stake in shares of Casella Waste Systems during the third quarter valued at $124,000. Integrated Investment Consultants LLC acquired a new stake in shares of Casella Waste Systems during the second quarter valued at $135,000. Acadian Asset Management LLC acquired a new stake in shares of Casella Waste Systems during the third quarter valued at $152,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Casella Waste Systems during the second quarter valued at $212,000. 84.54% of the stock is currently owned by institutional investors.

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.

Featured Article: Compound Interest

Get a free copy of the Zacks research report on Casella Waste Systems (CWST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply