Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report)’s stock price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $99.02, but opened at $89.15. Casella Waste Systems shares last traded at $93.8380, with a volume of 102,781 shares changing hands.
The industrial products company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.07). Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The company had revenue of $559.23 million during the quarter, compared to analyst estimates of $563.17 million. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year.
More Casella Waste Systems News
Here are the key news stories impacting Casella Waste Systems this week:
- Positive Sentiment: Third-quarter revenue increased 15.2% year over year to $559.23 million, showing continued top-line growth. Casella Waste Systems Announces Third Quarter 2026 Results
- Neutral Sentiment: Casella updated its FY 2026 revenue guidance to $2.1 billion, matching the consensus estimate; the update does not indicate a revenue outlook surprise. Casella Updates Fiscal 2026 Earnings Guidance
- Negative Sentiment: Third-quarter adjusted earnings were $0.35 per share, below the $0.42 analyst consensus, while revenue of $559.23 million also missed expectations of $563.17 million. Earnings per share were down from $0.42 a year earlier, making the dual miss the main negative catalyst. Casella Waste Systems Falls on Earnings and Revenue Miss
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. UBS Group downgraded shares of Casella Waste Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $122.00 to $95.00 in a research note on Wednesday, October 21st. Raymond James Financial restated a “strong-buy” rating and issued a $106.00 target price on shares of Casella Waste Systems in a research note on Friday, October 9th. Weiss Ratings lowered Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. upped their target price on Casella Waste Systems from $91.00 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Finally, Barclays lifted their price target on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.80.
Read Our Latest Analysis on Casella Waste Systems
Insider Activity at Casella Waste Systems
In other news, Director Douglas Casella sold 1,343 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $91.12, for a total transaction of $122,374.16. Following the transaction, the director owned 90,141 shares in the company, valued at $8,213,647.92. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Burke sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the transaction, the director owned 13,641 shares in the company, valued at $1,299,441.66. This represents a 7.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,700 shares of company stock valued at $1,709,494 over the last three months. Insiders own 3.78% of the company’s stock.
Hedge Funds Weigh In On Casella Waste Systems
Institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in shares of Casella Waste Systems by 36.8% in the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after buying an additional 949,374 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Casella Waste Systems by 5,715.3% during the 1st quarter. Fifth Third Bancorp now owns 387,531 shares of the industrial products company’s stock valued at $30,747,000 after acquiring an additional 380,867 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in shares of Casella Waste Systems during the 2nd quarter valued at about $32,045,000. Bessemer Group Inc. raised its stake in shares of Casella Waste Systems by 82,237.2% in the 3rd quarter. Bessemer Group Inc. now owns 245,365 shares of the industrial products company’s stock valued at $19,715,000 after acquiring an additional 245,067 shares in the last quarter. Finally, Summit Creek Advisors LLC bought a new position in shares of Casella Waste Systems in the 2nd quarter valued at approximately $9,564,000. 99.51% of the stock is currently owned by institutional investors.
Casella Waste Systems Price Performance
The stock has a 50 day moving average of $89.34 and a two-hundred day moving average of $90.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $5.95 billion, a P/E ratio of 1,034.14 and a beta of 0.71.
Casella Waste Systems Company Profile
Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients.
The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.
Founded in 1975 by brothers John and Douglas Casella, the company is headquartered in Rutland, Vermont.
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