Casella Waste Systems (NASDAQ:CWST) – Research analysts at First Analysis raised their FY2019 earnings per share estimates for Casella Waste Systems in a note issued to investors on Thursday. First Analysis analyst C. Greendale now forecasts that the industrial products company will post earnings per share of $0.85 for the year, up from their prior estimate of $0.73.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, December 26th. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, January 24th. BidaskClub cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. ValuEngine upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, TheStreet upgraded Casella Waste Systems from a “d” rating to a “c” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.60.
Casella Waste Systems stock traded up $0.43 on Monday, hitting $23.94. The stock had a trading volume of 235,374 shares, compared to its average volume of 240,223. The company has a market capitalization of $991.94, a PE ratio of -43.18 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of -12.61. Casella Waste Systems has a 1-year low of $12.25 and a 1-year high of $27.38.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 3.64% and a negative return on equity of 58.61%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share.
In other news, Vice Chairman Douglas R. Casella sold 6,978 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.45, for a total transaction of $184,568.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher Heald sold 2,883 shares of the 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. Insiders sold 129,625 shares of company stock worth $3,215,250 over the last quarter. Company insiders own 11.47% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Fairpointe Capital LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter worth $1,917,000. MetLife Investment Advisors LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter worth $464,000. Gotham Asset Management LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter worth $340,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Casella Waste Systems during the fourth quarter worth $299,000. Finally, Millennium Management LLC grew its holdings in shares of Casella Waste Systems by 91.1% during the fourth quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock worth $16,394,000 after purchasing an additional 339,447 shares during the last quarter. 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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