Wall Street analysts expect that Casella Waste Systems Inc. (NASDAQ:CWST) will announce sales of $181.87 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Casella Waste Systems’ earnings. The lowest sales estimate is $177.80 million and the highest is $186.00 million. Casella Waste Systems reported sales of $187.46 million during the same quarter last year, which indicates a negative year over year growth rate of 3%. The company is expected to announce its next earnings report on Thursday, August 6th.
According to Zacks, analysts expect that Casella Waste Systems will report full year sales of $764.93 million for the current financial 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 Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Casella Waste Systems.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.08. The business had revenue of $182.91 million for the quarter, compared to analysts’ expectations of $180.38 million. Casella Waste Systems had a net margin of 4.50% and a return on equity of 39.01%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) EPS.
In other news, COO Edwin D. Johnson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $52.04, for a total value of $520,400.00. Following the sale, the chief operating officer now directly owns 362,233 shares of the company’s stock, valued at approximately $18,850,605.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Hulligan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the sale, the director now directly owns 27,031 shares in the company, valued at $1,317,761.25. The disclosure for this sale can be found here. Insiders have sold a total of 100,427 shares of company stock worth $5,058,386 over the last three months. Insiders own 7.71% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Casella Waste Systems by 26.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 421 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Casella Waste Systems by 8.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,266 shares of the industrial products company’s stock valued at $288,000 after purchasing an additional 468 shares during the period. American International Group Inc. raised its holdings in shares of Casella Waste Systems by 2.0% in the 4th quarter. American International Group Inc. now owns 28,716 shares of the industrial products company’s stock valued at $1,322,000 after purchasing an additional 570 shares during the period. US Bancorp DE raised its holdings in shares of Casella Waste Systems by 19.6% in the 1st quarter. US Bancorp DE now owns 4,123 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 675 shares during the period. Finally, Bank of Montreal Can grew its stake in Casella Waste Systems by 9.7% in the 4th 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 during the last quarter. 93.28% of the stock is currently owned by institutional investors.
CWST traded down $0.15 during 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 has a market capitalization of $2.40 billion, a PE ratio of 68.88 and a beta of 1.02. Casella Waste Systems has a one year low of $34.35 and a one year high of $56.14. The firm’s 50-day moving average price is $50.18 and its 200 day moving average price is $47.87. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 5.25.
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, 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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