FY2024 Earnings Forecast for CWST Issued By William Blair

Casella Waste Systems, Inc. (NASDAQ:CWST) – Research analysts at William Blair increased their FY2024 earnings per share estimates for Casella Waste Systems in a research report issued on Thursday, October 31st. William Blair analyst T. Romeo now expects that the industrial products company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.59. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Casella Waste Systems’ current full-year earnings is $0.62 per share. William Blair also issued estimates for Casella Waste Systems’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.00 EPS.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a return on equity of 3.42% and a net margin of 0.46%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS.

A number of other equities analysts have also recently commented on CWST. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James lifted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Trading Up 1.5 %

Shares of CWST opened at $99.34 on Monday. The stock has a market capitalization of $5.77 billion, a PE ratio of 827.83, a P/E/G ratio of 7.80 and a beta of 0.99. The company’s fifty day moving average is $102.61 and its 200 day moving average is $100.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.51 and a current ratio of 1.58. Casella Waste Systems has a fifty-two week low of $74.00 and a fifty-two week high of $109.08.

Hedge Funds Weigh In On Casella Waste Systems

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Casella Waste Systems by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 7,730 shares of the industrial products company’s stock valued at $767,000 after acquiring an additional 135 shares during the period. GAMMA Investing LLC grew its position in Casella Waste Systems by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 139 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Casella Waste Systems by 1.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,286 shares of the industrial products company’s stock valued at $1,610,000 after acquiring an additional 160 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Casella Waste Systems by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,436 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 183 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the 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.