Casella Waste Systems (CWST) Posts Quarterly Earnings, Misses Expectations By $0.14 EPS
Casella Waste Systems (NASDAQ:CWST) announced its earnings results on Wednesday. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.14, Analyst Ratings Network reports. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $111.49 million.
On a related note, analysts at Wunderlich downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $6.00 price target on the stock, down previously from $7.00. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.88.
Shares of Casella Waste Systems (NASDAQ:CWST) traded up 0.38% on Wednesday, hitting $5.30. The stock had a trading volume of 285,313 shares. Casella Waste Systems has a 52 week low of $4.06 and a 52 week high of $6.20. The stock has a 50-day moving average of $5.39 and a 200-day moving average of $5.34. The company’s market cap is $212.2 million.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.
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