Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) – KeyCorp analysts raised their fiscal 2022 earnings per share (EPS) estimates for Casella Waste Systems in a note to investors on Monday, May 2. KeyCorp analyst S. Eastman now expects the industrial products company to earn $1.04 per share for the year, up from its previous forecast of $0.99.
Several other analysts have also recently commented on the stock. Raymond James raised his price target on Casella Waste Systems shares from $92.00 to $100.00 and gave the company a “strong buy” rating in a Friday, April 22 research report. Zacks Investment Research moved shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a Wednesday, Jan. 12 research note. StockNews.com moved shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a Monday, April 25 research note. Finally, TheStreet reduced shares of Casella Waste Systems from a “b” rating to a “c+” rating in a Friday, February 18 research note.
CWST shares opened at $76.72 on Thursday. Casella Waste Systems has a one-year minimum of $62.47 and a one-year maximum of $92.75. The company’s 50-day moving average is $85.47 and its 200-day moving average is $82.63. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 95.90, a growth price-to-earnings ratio of 5.45, and a beta of 1.02. The company has a debt ratio of 1.29, a quick ratio of 0.90 and a current ratio of 0.93.
Casella Waste Systems (NASDAQ:CWST – Get Rating) last reported quarterly earnings data on Thursday, April 28. The industrial products company reported EPS of $0.11 for the quarter, matching Thomson Reuters consensus estimate of $0.11. Casella Waste Systems achieved a net margin of 4.39% and a return on equity of 11.43%. The company posted revenue of $234.00 million for the quarter, versus a consensus estimate of $221.77 million. During the same period of the previous year, the company posted EPS of $0.09. Casella Waste Systems revenue for the quarter increased 23.5% year over year.
A number of institutional investors and hedge funds have recently changed their positions in the company. BlackRock Inc. increased its stake in Casella Waste Systems by 3.7% during the 4th quarter. BlackRock Inc. now owns 3,231,661 shares of the industrial products company valued at $276,050,000 after buying an additional 114,237 shares last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Casella Waste Systems during Q4, valued at approximately $207,275,000. Invesco Ltd. increased its stake in Casella Waste Systems by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,491,462 shares of the industrial products company valued at $127,401,000 after purchasing an additional 115,699 shares last quarter. State Street Corp increased its holdings in Casella Waste Systems by 1.1% during the fourth quarter. State Street Corp now owns 988,356 shares of the industrial products company valued at $84,425,000 after buying an additional 10,676 shares last quarter. Finally, Geode Capital Management LLC increased its equity stake in Casella Waste Systems by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 862,723 shares of the industrial products company valued at $73,693,000 after purchasing an additional 18,730 shares last quarter. 94.88% of the shares are held by institutional investors and hedge funds.
In other Casella Waste Systems news, Director Douglas R. Casella sold 1,400 shares of the company in a trade that took place on Wednesday, March 16. The shares were sold at an average price of $88.11, for a total transaction of $123,354.00. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CAO Christopher Heald sold 3,243 shares of the company in a trade that took place on Thursday, February 24. The stock was sold at an average price of $70.34, for a total transaction of $228,112.62. The disclosure of this sale can be found here. Insiders sold a total of 141,475 shares of the company worth $11,268,667 during the last quarter. Insiders of the company hold 6.04% of the shares of the company.
Casella Waste Systems Company Profile (Get a rating)
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste management services company in the Northeastern United States. It provides 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.
Receive daily news and reviews for Casella Waste Systems – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Casella Waste Systems and related companies with MarketBeat.com’s FREE daily email newsletter.