Q1 2017 EPS Estimates for Casella Waste Systems Inc. Raised by Wedbush (CWST)
Casella Waste Systems Inc. (NASDAQ:CWST) – Equities research analysts at Wedbush lifted their Q1 2017 earnings per share (EPS) estimates for Casella Waste Systems in a research note issued on Thursday. Wedbush analyst A. Kaschalk now anticipates that the firm will post earnings of ($0.20) per share for the quarter, up from their prior estimate of ($0.25). Wedbush also issued estimates for Casella Waste Systems’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.22 EPS, Q1 2018 earnings at ($0.08) EPS, FY2018 earnings at $0.38 EPS and FY2019 earnings at $0.49 EPS.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The company earned $144.67 million during the quarter, compared to the consensus estimate of $145.37 million. The firm’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.03 EPS.
Other equities research analysts have also recently issued reports about the company. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Thursday, July 14th. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research note on Wednesday, June 29th. Stifel Nicolaus set a $10.00 price objective on Casella Waste Systems and gave the company a “buy” rating in a research note on Wednesday, July 27th. Imperial Capital lowered their price objective on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. Finally, First Analysis boosted their price objective on Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a research note on Monday, August 8th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.50.
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Casella Waste Systems (NASDAQ:CWST) opened at 10.55 on Monday. The company’s market cap is $437.70 million. Casella Waste Systems has a 12-month low of $4.97 and a 12-month high of $10.89. The stock has a 50 day moving average of $9.64 and a 200-day moving average of $8.29.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Casella Waste Systems by 814.6% in the second quarter. BlackRock Inc. now owns 13,271 shares of the company’s stock worth $104,000 after buying an additional 11,820 shares during the last quarter. Acrospire Investment Management LLC raised its position 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 worth $109,000 after buying an additional 5,373 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Casella Waste Systems during the second quarter worth $119,000. HBK Sorce Advisory LLC bought a new position in Casella Waste Systems during the second quarter worth $190,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Casella Waste Systems by 0.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 29,977 shares of the company’s stock worth $201,000 after buying an additional 137 shares during the last quarter. 65.65% of the stock is owned by institutional investors and hedge funds.
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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