Wall Street brokerages expect Casella Waste Systems, Inc. (NASDAQ:CWST) to post $145.83 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Casella Waste Systems’ earnings, with the lowest sales estimate coming in at $143.60 million and the highest estimate coming in at $147.90 million. Casella Waste Systems reported sales of $143.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The business is scheduled to issue its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Casella Waste Systems will report full year sales of $145.83 million for the current year, with estimates ranging from $585.00 million to $596.00 million. For the next year, analysts forecast that the company will report sales of $606.35 million per share, with estimates ranging from $598.40 million to $618.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm had revenue of $160.27 million during the quarter, compared to analysts’ expectations of $154.61 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

Several research analysts have recently issued reports on CWST shares. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a report on Tuesday, November 7th. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Finally, Stifel Nicolaus downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $17.50.

Shares of Casella Waste Systems (NASDAQ CWST) opened at $21.53 on Tuesday. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. Casella Waste Systems has a 12 month low of $11.15 and a 12 month high of $21.71. The firm has a market capitalization of $886.27, a price-to-earnings ratio of 34.56 and a beta of 0.73.

In related news, CEO John W. Casella sold 62,433 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the sale, the chief executive officer now directly owns 472,112 shares in the company, valued at $9,116,482.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Heald sold 1,500 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $20.25, for a total value of $30,375.00. Following the completion of the sale, the vice president now owns 71,451 shares of the company’s stock, valued at $1,446,882.75. The disclosure for this sale can be found here. Insiders sold 117,933 shares of company stock valued at $2,245,196 over the last 90 days. 11.47% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in Casella Waste Systems by 13.9% in the second quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock valued at $43,403,000 after purchasing an additional 322,600 shares during the period. Dimensional Fund Advisors LP increased its holdings in Casella Waste Systems by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock valued at $38,227,000 after purchasing an additional 16,972 shares during the period. Vanguard Group Inc. increased its holdings in Casella Waste Systems by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock valued at $27,369,000 after purchasing an additional 115,130 shares during the period. Macquarie Group Ltd. increased its holdings in Casella Waste Systems by 51.3% in the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock valued at $29,140,000 after purchasing an additional 525,459 shares during the period. Finally, State Street Corp increased its holdings in Casella Waste Systems by 7.3% in the second quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock valued at $11,615,000 after purchasing an additional 47,955 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

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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, 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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