Casella Waste Systems Inc. to Post Q3 2016 Earnings of $0.19 Per Share, First Analysis Forecasts (CWST)
Casella Waste Systems Inc. (NASDAQ:CWST) – Stock analysts at First Analysis issued their Q3 2016 earnings per share (EPS) estimates for Casella Waste Systems in a research note issued on Sunday. First Analysis analyst C. Greendale anticipates that the firm will post earnings per share of $0.19 for the quarter. First Analysis currently has a “Overweight” rating and a $11.50 price target on the stock. First Analysis also issued estimates for Casella Waste Systems’ Q4 2016 earnings at $0.03 EPS, FY2016 earnings at $0.16 EPS and FY2017 earnings at $0.57 EPS.
A number of other analysts also recently weighed in on the stock. KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Stifel Nicolaus set a $10.00 target price on shares of Casella Waste Systems and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Imperial Capital decreased their target price on shares of Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.50.
Shares of Casella Waste Systems (NASDAQ:CWST) traded down 0.47% during mid-day trading on Wednesday, hitting $10.70. 140,519 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.52 and its 200-day moving average price is $8.22. Casella Waste Systems has a 12-month low of $4.97 and a 12-month high of $10.89. The stock’s market capitalization is $443.92 million.
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Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The business earned $144.67 million during the quarter, compared to the consensus estimate of $145.37 million. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS.
Several hedge funds have recently made changes to their positions in CWST. BlackRock Inc. increased its stake in shares of Casella Waste Systems by 814.6% in the second quarter. BlackRock Inc. now owns 13,271 shares of the company’s stock valued at $104,000 after buying an additional 11,820 shares during the period. Acrospire Investment Management LLC increased its stake in Casella Waste Systems by 63.5% in the second quarter. Acrospire Investment Management LLC now owns 13,833 shares of the company’s stock valued at $109,000 after buying an additional 5,373 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Casella Waste Systems during the second quarter valued at about $119,000. HBK Sorce Advisory LLC acquired a new stake in Casella Waste Systems during the second quarter valued at about $190,000. Finally, Nationwide Fund Advisors increased its stake in Casella Waste Systems by 4.2% in the second quarter. Nationwide Fund Advisors now owns 25,956 shares of the company’s stock valued at $204,000 after buying an additional 1,057 shares during the last quarter. 65.65% of the stock is owned by institutional investors.
About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.
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