Casella Waste Systems (CWST) Scheduled to Post Quarterly Earnings on Thursday

Casella Waste Systems (NASDAQ:CWSTGet Rating) will announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Casella Waste Systems has set its FY 2022 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last posted its earnings results on Thursday, February 17th. The industrial products company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $241.84 million for the quarter, compared to analyst estimates of $230.90 million. Casella Waste Systems had a return on equity of 11.62% and a net margin of 4.62%. During the same quarter last year, the company earned $0.17 earnings per share. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of CWST opened at $88.46 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 110.58, a PEG ratio of 6.20 and a beta of 1.03. The stock has a 50 day moving average of $83.56 and a 200 day moving average of $82.27. Casella Waste Systems has a 12 month low of $62.47 and a 12 month high of $92.75.

In other Casella Waste Systems news, CAO Christopher Heald sold 382 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $87.42, for a total value of $33,394.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Edwin D. Johnson sold 17,785 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $70.34, for a total value of $1,250,996.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,475 shares of company stock worth $11,268,667. 6.04% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA grew its stake in Casella Waste Systems by 1.4% during the 4th quarter. Glenmede Trust Co. NA now owns 12,299 shares of the industrial products company’s stock valued at $1,050,000 after purchasing an additional 165 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Casella Waste Systems by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 4,372 shares of the industrial products company’s stock worth $373,000 after buying an additional 192 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Casella Waste Systems by 1.4% in the 4th quarter. Stifel Financial Corp now owns 18,500 shares of the industrial products company’s stock worth $1,581,000 after buying an additional 251 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Casella Waste Systems in the 4th quarter worth $26,000. Finally, Deutsche Bank AG grew its holdings in shares of Casella Waste Systems by 2.7% in the 4th quarter. Deutsche Bank AG now owns 34,394 shares of the industrial products company’s stock worth $2,939,000 after acquiring an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.

Several research firms recently issued reports on CWST. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 12th. TheStreet lowered shares of Casella Waste Systems from a “b” rating to a “c+” rating in a research note on Friday, February 18th. Raymond James cut their price target on Casella Waste Systems from $95.00 to $92.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 22nd. Finally, StockNews.com raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, April 13th.

Casella Waste Systems Company Profile (Get Rating)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

See Also

Earnings History for Casella Waste Systems (NASDAQ:CWST)

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