Casella Waste Systems (NASDAQ:CWST - Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05, Zacks reports. The firm had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a return on equity of 4.98% and a net margin of 0.64%. The business's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. Casella Waste Systems updated its FY 2025 guidance to EPS.
Casella Waste Systems Trading Down 5.3%
NASDAQ:CWST traded down $5.75 on Friday, reaching $102.98. 1,129,737 shares of the stock traded hands, compared to its average volume of 381,130. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 572.11, a price-to-earnings-growth ratio of 4.27 and a beta of 0.83. The company's 50 day moving average is $113.55 and its 200-day moving average is $112.47. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a 1-year low of $91.01 and a 1-year high of $121.24.
Insider Activity at Casella Waste Systems
In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction dated 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 transaction, the president owned 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.81% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Casella Waste Systems
A number of large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 184 shares during the period. Jones Financial Companies Lllp raised its position in shares of Casella Waste Systems by 1,601.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company's stock worth $603,000 after buying an additional 5,094 shares during the period. AQR Capital Management LLC grew its stake in shares of 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 valued at $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Casella Waste Systems by 3,226.1% in the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company's stock worth $7,789,000 after purchasing an additional 67,749 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CWST. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Raymond James Financial cut their target price on Casella Waste Systems from $135.00 to $129.00 and set a "strong-buy" rating for the company in a research report on Tuesday, July 22nd. UBS Group upped their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Cowen assumed coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective for the company. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.83.
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About Casella Waste Systems
(
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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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