Casella Waste Systems (CWST) Set to Announce Earnings on Thursday

Casella Waste Systems (NASDAQ:CWST) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Casella Waste Systems to post earnings of $0.07 per share for the quarter. Casella Waste Systems has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Friday, February 16th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $359.57 million for the quarter, compared to analysts’ expectations of $360.08 million. Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. Casella Waste Systems’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $94.09 on Tuesday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 209.09, a P/E/G ratio of 6.06 and a beta of 0.90. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Casella Waste Systems has a 52 week low of $72.97 and a 52 week high of $100.29. The firm’s 50 day moving average is $94.16 and its two-hundred day moving average is $86.45.

Insider Activity

In related news, President Edmond Coletta sold 8,271 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock valued at $1,026,395 in the last ninety days. 5.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CWST has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of “Buy” and an average target price of $99.71.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.