Casella Waste Systems (NASDAQ:CWST) Issues Earnings Results

Key Points

• Casella Waste Systems reported quarterly earnings of $0.36 EPS, beating estimates by $0.05 and achieving revenue of $465.33 million, up 23.4% year-over-year.
• The company's stock price fell 5.3% to $102.98, with significant trading volume of over 1 million shares on Friday.
• Despite the stock's recent decline, several analysts maintain a buy rating, with a consensus target price of $123.83.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) posted its quarterly earnings data on Thursday. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.05, Zacks reports. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%. The firm had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. During the same period last year, the company posted $0.22 EPS. The business's quarterly revenue was up 23.4% on a year-over-year basis. Casella Waste Systems updated its FY 2025 guidance to EPS.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded down $0.91 during trading on Wednesday, hitting $98.29. The stock had a trading volume of 289,444 shares, compared to its average volume of 445,017. Casella Waste Systems has a 1 year low of $97.05 and a 1 year high of $121.24. The company has a quick ratio of 1.87, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The stock's 50 day moving average is $112.92 and its two-hundred day moving average is $112.33. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 544.67, a price-to-earnings-growth ratio of 4.21 and a beta of 0.83.

Hedge Funds Weigh In On Casella Waste Systems

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted 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 valued at $7,789,000 after purchasing an additional 67,749 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in 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 buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James Financial set a $125.00 target price on Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday. Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 6th. TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. 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. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

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.