Casella Waste Systems (NASDAQ:CWST - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.31 per share and revenue of $454.01 million for the quarter. Casella Waste Systems has set its FY 2025 guidance at EPS.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $417.10 million during the quarter, compared to analysts' expectations of $403.64 million. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The firm's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 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.
Casella Waste Systems Stock Up 0.2%
CWST stock traded up $0.18 during trading on Friday, hitting $108.97. 324,841 shares of the company's stock were exchanged, compared to its average volume of 436,149. The business has a 50-day moving average price of $114.42 and a two-hundred day moving average price of $112.46. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 495.34, a PEG ratio of 4.24 and a beta of 0.84. Casella Waste Systems has a 52-week low of $91.01 and a 52-week high of $121.24. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72.
Insider Activity at Casella Waste Systems
In other news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president owned 150,093 shares in the company, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.81% of the stock is owned by company insiders.
Institutional Investors Weigh In On Casella Waste Systems
Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its stake in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Casella Waste Systems by 1,601.9% during the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company's stock worth $603,000 after acquiring an additional 5,094 shares during the period. AQR Capital Management LLC grew its holdings in Casella Waste Systems by 57.7% during the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company's stock worth $1,035,000 after acquiring an additional 3,395 shares during the period. Finally, Jane Street Group LLC grew its holdings in Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company's stock worth $7,789,000 after acquiring an additional 67,749 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on CWST. UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. TD Cowen initiated coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. Raymond James Financial reduced their price objective on Casella Waste Systems from $135.00 to $129.00 and set a "strong-buy" rating for the company in a research note on Tuesday. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.83.
View Our Latest Analysis on CWST
About Casella Waste Systems
(
Get Free Report)
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.
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