Q3 2022 EPS Estimates for Casella Waste Systems, Inc. Increased by KeyCorp (NASDAQ:CWST)

Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) – Research analysts at KeyCorp boosted their Q3 2022 earnings estimates for Casella Waste Systems in a research report issued to clients and investors on Monday, May 2nd. KeyCorp analyst S. Eastman now anticipates that the industrial products company will post earnings per share of $0.40 for the quarter, up from their prior forecast of $0.37. KeyCorp also issued estimates for Casella Waste Systems’ Q4 2022 earnings at $0.23 EPS.

A number of other equities analysts have also recently issued reports on CWST. TheStreet cut shares of Casella Waste Systems from a “b” rating to a “c+” rating in a research report on Friday, February 18th. StockNews.com cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Zacks Investment Research cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 12th. Finally, Raymond James lifted their target price on shares of Casella Waste Systems from $92.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 22nd.

Shares of CWST opened at $76.70 on Wednesday. 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 firm has a market capitalization of $3.94 billion, a PE ratio of 95.88, a P/E/G ratio of 5.83 and a beta of 1.02. The business’s 50-day simple moving average is $85.37. Casella Waste Systems has a 12-month low of $62.47 and a 12-month high of $92.75.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last released its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Casella Waste Systems had a return on equity of 11.64% and a net margin of 4.39%. The business had revenue of $234.00 million during the quarter, compared to the consensus estimate of $221.77 million. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was up 23.5% on a year-over-year basis.

In related news, CEO John W. Casella sold 31,707 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of $70.34, for a total value of $2,230,270.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emily Nagle Green sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $77.86, for a total transaction of $132,362.00. The disclosure for this sale can be found here. In the last three months, insiders sold 141,475 shares of company stock valued at $11,268,667. Company insiders own 6.04% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Casella Waste Systems in the fourth quarter valued at approximately $26,000. Signaturefd LLC grew its stake in Casella Waste Systems by 43.0% during the first quarter. Signaturefd LLC now owns 522 shares of the industrial products company’s stock worth $46,000 after buying an additional 157 shares during the period. Trust Co. of Vermont purchased a new stake in Casella Waste Systems during the fourth quarter worth approximately $49,000. Lindbrook Capital LLC grew its stake in Casella Waste Systems by 1,025.7% during the fourth quarter. Lindbrook Capital LLC now owns 833 shares of the industrial products company’s stock worth $71,000 after buying an additional 759 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Casella Waste Systems by 919.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 958 shares of the industrial products company’s stock worth $81,000 after buying an additional 864 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

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.

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

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