$161.20 Million in Sales Expected for Casella Waste Systems Inc. (CWST) This Quarter

Equities research analysts expect Casella Waste Systems Inc. (NASDAQ:CWST) to report sales of $161.20 million for the current quarter, Zacks reports. Three analysts have made estimates for Casella Waste Systems’ earnings, with estimates ranging from $160.00 million to $163.00 million. Casella Waste Systems reported sales of $147.46 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that Casella Waste Systems will report full year sales of $715.53 million for the current fiscal year, with estimates ranging from $714.30 million to $716.30 million. For the next financial year, analysts expect that the business will report sales of $749.53 million, with estimates ranging from $742.00 million to $755.60 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The firm had revenue of $174.72 million during the quarter, compared to analysts’ expectations of $172.12 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year.

A number of analysts have issued reports on the company. BidaskClub downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, April 15th. Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research report on Friday, February 22nd. UBS Group raised their target price on Casella Waste Systems from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.50.

In other news, Vice Chairman Douglas R. Casella sold 34,492 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.15, for a total value of $1,177,901.80. Following the completion of the transaction, the insider now directly owns 676,899 shares of the company’s stock, valued at $23,116,100.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James F. Callahan, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $34.50, for a total value of $345,000.00. Following the completion of the transaction, the director now directly owns 60,736 shares of the company’s stock, valued at $2,095,392. The disclosure for this sale can be found here. Insiders sold 424,422 shares of company stock valued at $14,797,659 over the last three months. Company insiders own 10.64% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in shares of Casella Waste Systems by 218.8% in the fourth quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 2,652 shares during the period. NEXT Financial Group Inc bought a new position in shares of Casella Waste Systems in the fourth quarter worth $129,000. Advisory Services Network LLC boosted its holdings in shares of Casella Waste Systems by 133.5% in the fourth quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 3,783 shares during the period. FMR LLC boosted its holdings in shares of Casella Waste Systems by 3,567.0% in the fourth quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock worth $196,000 after acquiring an additional 6,706 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Casella Waste Systems by 9.2% in the fourth quarter. Legal & General Group Plc now owns 7,288 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 615 shares during the period. 79.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CWST traded up $0.37 during trading hours on Friday, reaching $35.23. The stock had a trading volume of 145,409 shares, compared to its average volume of 297,893. Casella Waste Systems has a 12-month low of $23.38 and a 12-month high of $36.95. The company has a market capitalization of $1.64 billion, a P/E ratio of 57.75 and a beta of 0.95.

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

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