Wall Street brokerages expect that Casella Waste Systems, Inc. (NASDAQ:CWST) will post earnings per share (EPS) of $0.09 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Casella Waste Systems’ earnings. The lowest EPS estimate is $0.07 and the highest is $0.11. Casella Waste Systems reported earnings per share of $0.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 80%. The company is expected to report its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Casella Waste Systems will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.67. For the next year, analysts expect that the firm will post earnings of $0.68 per share, with EPS estimates ranging from $0.52 to $0.77. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The business had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. During the same period last year, the business posted $0.18 earnings per share. Casella Waste Systems’s quarterly revenue was up 6.0% compared to the same quarter last year.

Several research firms have recently issued reports on CWST. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 target price on shares of Casella Waste Systems in a report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.50.

In related news, CEO John W. Casella sold 62,433 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now directly owns 472,112 shares in the company, valued at approximately $9,116,482.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edmond Coletta sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $20.01, for a total transaction of $140,070.00. Following the completion of the transaction, the insider now owns 164,589 shares of the company’s stock, valued at $3,293,425.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,433 shares of company stock valued at $1,960,021. 11.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its holdings in Casella Waste Systems by 206.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 4,922 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Casella Waste Systems in the 2nd quarter worth approximately $186,000. Alliancebernstein L.P. purchased a new position in Casella Waste Systems in the 1st quarter worth approximately $164,000. Tudor Investment Corp ET AL raised its holdings in Casella Waste Systems by 24.5% in the 2nd quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,633 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in Casella Waste Systems in the 2nd quarter worth approximately $274,000. Institutional investors own 76.80% of the company’s stock.

Casella Waste Systems (CWST) traded down $0.03 during mid-day trading on Wednesday, hitting $19.41. 287,400 shares of the stock traded hands, compared to its average volume of 264,081. Casella Waste Systems has a 1 year low of $11.15 and a 1 year high of $20.90. The stock has a market capitalization of $817.32, a price-to-earnings ratio of 31.87 and a beta of 0.69. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91.

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Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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Earnings History and Estimates for Casella Waste Systems (NASDAQ:CWST)

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