Casella Waste Systems Inc. (CWST) Expected to Post Quarterly Sales of $145.65 Million

Brokerages expect Casella Waste Systems Inc. (NASDAQ:CWST) to announce $145.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Casella Waste Systems’ earnings. The lowest sales estimate is $145.30 million and the highest is $146.00 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 1.3%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, March 7th.

According to Zacks, analysts expect that Casella Waste Systems will report full-year sales of $145.65 million for the current financial year, with estimates ranging from $585.00 million to $594.00 million. For the next fiscal year, analysts forecast that the business will post sales of $617.37 million per share, with estimates ranging from $602.00 million to $628.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Casella Waste Systems.

A number of brokerages have issued reports on CWST. Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, January 24th. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Finally, KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Casella Waste Systems presently has an average rating of “Buy” and a consensus price target of $20.20.

In other Casella Waste Systems news, insider Edmond Coletta sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $19.60, for a total value of $254,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher Heald sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $20.25, for a total transaction of $30,375.00. Following the completion of the sale, the vice president now owns 71,451 shares in the company, valued at approximately $1,446,882.75. The disclosure for this sale can be found here. Insiders sold 128,591 shares of company stock worth $2,682,077 in the last 90 days. 11.47% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its stake in shares of Casella Waste Systems by 18.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock valued at $1,381,000 after acquiring an additional 13,000 shares during the period. Swiss National Bank increased its stake in shares of Casella Waste Systems by 9.8% during the second quarter. Swiss National Bank now owns 65,800 shares of the industrial products company’s stock valued at $1,080,000 after acquiring an additional 5,900 shares during the period. Wells Fargo & Company MN increased its stake in shares of Casella Waste Systems by 4.5% during the second quarter. Wells Fargo & Company MN now owns 183,125 shares of the industrial products company’s stock valued at $3,004,000 after acquiring an additional 7,887 shares during the period. Alliancebernstein L.P. increased its stake in shares of Casella Waste Systems by 298.3% during the second quarter. Alliancebernstein L.P. now owns 46,200 shares of the industrial products company’s stock valued at $758,000 after acquiring an additional 34,600 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Casella Waste Systems by 2.6% during the second quarter. Teachers Advisors LLC now owns 72,443 shares of the industrial products company’s stock valued at $1,189,000 after acquiring an additional 1,821 shares during the period. Institutional investors own 77.99% of the company’s stock.

Casella Waste Systems (CWST) opened at $24.39 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. Casella Waste Systems has a twelve month low of $11.16 and a twelve month high of $27.38. The stock has a market cap of $1,025.43, a PE ratio of 39.98 and a beta of 0.79.

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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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