Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) – KeyCorp raised their FY2022 earnings per share (EPS) estimates for Casella Waste Systems in a note issued to investors on Sunday, July 31st. KeyCorp analyst S. Eastman now forecasts that the industrial products company will post earnings per share of $1.07 for the year, up from their prior forecast of $1.04. The consensus estimate for Casella Waste Systems’ current full-year earnings is $1.03 per share. KeyCorp also issued estimates for Casella Waste Systems’ Q4 2022 earnings at $0.24 EPS and FY2023 earnings at $1.25 EPS.
Several other equities research analysts have also recently weighed in on CWST. StockNews.com raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Monday. TheStreet raised Casella Waste Systems from a “c+” rating to a “b-” rating in a research note on Friday, July 29th. Finally, Raymond James upped their target price on Casella Waste Systems from $89.00 to $93.00 and gave the company a “maintains” rating in a research note on Monday.
Casella Waste Systems Trading Down 1.1 %
Shares of NASDAQ CWST opened at $81.58 on Tuesday. The business’s 50 day moving average is $72.43 and its two-hundred day moving average is $77.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.85. Casella Waste Systems has a 1-year low of $63.90 and a 1-year high of $92.75. The stock has a market capitalization of $4.19 billion, a P/E ratio of 89.65, a PEG ratio of 5.53 and a beta of 0.99.
Casella Waste Systems (NASDAQ:CWST – Get Rating) last posted its earnings results on Thursday, July 28th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $283.67 million for the quarter, compared to the consensus estimate of $252.48 million. Casella Waste Systems had a return on equity of 12.53% and a net margin of 4.69%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Homestead Advisers Corp grew its stake in Casella Waste Systems by 25.3% in the second quarter. Homestead Advisers Corp now owns 649 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 131 shares in the last quarter. Signaturefd LLC grew its stake in Casella Waste Systems by 43.0% in the first quarter. Signaturefd LLC now owns 522 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 157 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Casella Waste Systems by 1.8% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,978 shares of the industrial products company’s stock worth $767,000 after purchasing an additional 160 shares in the last quarter. US Bancorp DE grew its stake in Casella Waste Systems by 4.4% in the second quarter. US Bancorp DE now owns 4,852 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 203 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in Casella Waste Systems by 40.7% in the second quarter. Harbor Investment Advisory LLC now owns 843 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.
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. 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.
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