Casella Waste Systems VP Sells $20,170 in Stock (CWST)
Casella Waste Systems (NASDAQ:CWST) VP David L. Schmitt sold 4,083 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.94, for a total transaction of $20,170.02. Following the transaction, the vice president now directly owns 63,987 shares in the company, valued at approximately $316,096. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Casella Waste Systems (NASDAQ:CWST) opened at 5.15 on Friday. Casella Waste Systems has a 52 week low of $4.42 and a 52 week high of $6.20. The stock has a 50-day moving average of $5.36 and a 200-day moving average of $5.31. The company’s market cap is $206.6 million.
Casella Waste Systems (NASDAQ:CWST) last released its earnings data on Wednesday, June 25th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.14. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $111.49 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Casella Waste Systems will post $-0.22 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wedbush reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Monday. They now have a $6.00 price target on the stock, down previously from $6.50. Separately, analysts at Imperial Capital cut their price target on shares of Casella Waste Systems from $7.50 to $6.50 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Casella Waste Systems from $6.00 to $5.50 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.38.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.