Brokerages expect that Casella Waste Systems, Inc. (NASDAQ: CWST – Get Rating) will announce $ 253.37 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Casella Waste Systems’ earnings, with the highest sales estimate coming in at $ 255.50 million and the lowest estimate coming in at $ 251.60 million. Casella Waste Systems reported sales of $ 215.88 million during the same quarter last year, which indicates a positive year over year growth rate of 17.4%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Casella Waste Systems will report full year sales of $ 1.02 billion for the current financial year. For the next fiscal year, analysts forecast that the firm will post sales of $ 1.09 billion, with estimates ranging from $ 1.07 billion to $ 1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Casella Waste Systems.
Casella Waste Systems (NASDAQ: CWST – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $ 0.11 EPS for the quarter, beating analysts’ consensus estimates of $ 0.09 by $ 0.02. The firm had revenue of $ 234.00 million during the quarter, compared to the consensus estimate of $ 221.77 million. Casella Waste Systems had a return on equity of 11.43% and a net margin of 4.39%. Casella Waste Systems’ revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $ 0.09 earnings per share.
A number of brokerages recently commented on CWST. Raymond James increased their price target on Casella Waste Systems from $ 92.00 to $ 100.00 and gave the company a “strong-buy” rating in a report on Friday, April 22nd. StockNews.com downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. Finally, TheStreet downgraded Casella Waste Systems from a “b” rating to a “c +” rating in a report on Friday, February 18th.
Shares of CWST opened at $ 70.29 on Friday. The company has a market capitalization of $ 3.61 billion, a P / E ratio of 87.86, a P / E / G ratio of 4.82 and a beta of 1.02. Casella Waste Systems has a one year low of $ 62.47 and a one year high of $ 92.75. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.85 and a current ratio of 0.93. The stock has a 50-day moving average price of $ 84.49 and a 200-day moving average price of $ 82.24.
In other news, COO Edwin D. Johnson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $ 90.76, for a total transaction of $ 907,600.00. Following the sale, the chief operating officer now directly owns 106,298 shares in the company, valued at approximately $ 9,647,606.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edwin D. Johnson sold 4,612 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $ 90.63, for a total value of $ 417,985.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,475 shares of company stock worth $ 11,268,667. 6.04% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in Casella Waste Systems by 78.5% in the 1st quarter. FMR LLC now owns 12,309 shares of the company’s industrial products stock valued at $ 438,000 after acquiring an additional 5,415 shares during the period. First Trust Advisors LP increased its position in Casella Waste Systems by 1.1% in the 1st quarter. First Trust Advisors LP now owns 125,600 shares of the company’s industrial products stock valued at $ 4,466,000 after acquiring an additional 1,365 shares during the period. Morgan Stanley boosted its stake in Casella Waste Systems by 270.6% during the 2nd quarter. Morgan Stanley now owns 265,829 shares of the company’s industrial products stock valued at $ 16,862,000 after purchasing an additional 194,106 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in Casella Waste Systems by 36.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 20,008 shares of the company’s industrial products stock valued at $ 1,520,000 after purchasing an additional 5,362 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Casella Waste Systems by 0.8% during the 3rd quarter. Swiss National Bank now owns 111,300 shares of the company’s industrial products stock valued at $ 8,452,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.
About Casella Waste Systems (Get Rating)
Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organic services to residential, commercial, municipal, institutional, and industrial customers.
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