Equities research analysts expect that Casella Waste Systems Inc. (NASDAQ:CWST) will report $181.87 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Casella Waste Systems’ earnings, with estimates ranging from $177.80 million to $186.00 million. Casella Waste Systems posted sales of $187.46 million in the same quarter last year, which would indicate a negative year over year growth rate of 3%. The business is scheduled to report its next earnings results on Thursday, August 6th.
On average, analysts expect that Casella Waste Systems will report full year sales of $764.93 million for the current year, with estimates ranging from $750.10 million to $775.00 million. For the next financial year, analysts expect that the business will post sales of $815.68 million, with estimates ranging from $799.40 million to $830.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Casella Waste Systems.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The firm had revenue of $182.91 million for the quarter, compared to the consensus estimate of $180.38 million. Casella Waste Systems had a return on equity of 39.01% and a net margin of 4.50%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS.
In other news, COO Edwin D. Johnson sold 6,468 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $52.07, for a total value of $336,788.76. Also, Director William P. Hulligan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $48.75, for a total value of $243,750.00. Following the completion of the sale, the director now directly owns 27,031 shares of the company’s stock, valued at approximately $1,317,761.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,427 shares of company stock valued at $5,058,386. 7.71% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Casella Waste Systems by 26.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 421 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Casella Waste Systems by 8.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,266 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 468 shares in the last quarter. American International Group Inc. raised its stake in Casella Waste Systems by 2.0% during the fourth quarter. American International Group Inc. now owns 28,716 shares of the industrial products company’s stock valued at $1,322,000 after buying an additional 570 shares in the last quarter. US Bancorp DE raised its stake in Casella Waste Systems by 19.6% during the first quarter. US Bancorp DE now owns 4,123 shares of the industrial products company’s stock valued at $161,000 after buying an additional 675 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Casella Waste Systems by 9.7% during the fourth quarter. Bank of Montreal Can now owns 7,711 shares of the industrial products company’s stock valued at $355,000 after buying an additional 683 shares in the last quarter. 93.28% of the stock is owned by institutional investors.
Shares of CWST stock traded down $0.15 during midday trading on Friday, hitting $49.59. The company had a trading volume of 474,584 shares, compared to its average volume of 353,282. The company’s 50 day simple moving average is $50.18 and its 200 day simple moving average is $47.87. Casella Waste Systems has a 52-week low of $34.35 and a 52-week high of $56.14. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 68.88 and a beta of 1.02. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.04 and a quick ratio of 0.97.
About Casella Waste Systems
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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