Casella Waste Systems (CWST) Scheduled to Post Quarterly Earnings on Thursday

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

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

NASDAQ:CWST opened at $94.09 on Tuesday. The stock has a 50-day moving average price of $94.16 and a 200 day moving average price of $86.45. The stock 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. Casella Waste Systems has a 12-month low of $72.97 and a 12-month high of $100.29. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.99.

Insider Buying and Selling

In related news, President Edmond Coletta sold 8,271 shares of the company’s 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 sale, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the sale, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,238 shares of company stock worth $1,026,395. Insiders own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Casella Waste Systems has an average rating of “Buy” and an average target price of $99.71.

About Casella Waste Systems

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.