Casella Waste Systems (NASDAQ:CWST) Sets New 52-Week Low - Time to Sell?

Key Points

• Casella Waste Systems (CWST) reached a new 52-week low of $93.59 during trading, reflecting a decline from its previous close of $94.69.
• The company reported strong quarterly earnings with $0.36 earnings per share, exceeding estimates, and a revenue of $465.33 million, marking a 23.4% increase year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Casella Waste Systems, with a target price averaging $123.17.

Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $93.59 and last traded at $93.69, with a volume of 7496 shares trading hands. The stock had previously closed at $94.69.

Analyst Ratings Changes

A number of research firms 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. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. Finally, Raymond James Financial set a $125.00 target price on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Trading Down 1.2%

The stock's fifty day simple moving average is $104.74 and its 200-day simple moving average is $110.70. The firm has a market cap of $5.94 billion, a PE ratio of 520.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The firm had revenue of $465.33 million for the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Institutional Trading of Casella Waste Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sheets Smith Wealth Management lifted its position in shares of Casella Waste Systems by 3.9% during the 1st quarter. Sheets Smith Wealth Management now owns 2,767 shares of the industrial products company's stock worth $309,000 after buying an additional 103 shares during the last quarter. Moors & Cabot Inc. raised its position in Casella Waste Systems by 4.4% in the 1st quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 105 shares during the last quarter. Benjamin Edwards Inc. raised its position in Casella Waste Systems by 1.0% in the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company's stock valued at $1,226,000 after purchasing an additional 110 shares during the last quarter. Signaturefd LLC raised its position in Casella Waste Systems by 17.3% in the 1st quarter. Signaturefd LLC now owns 941 shares of the industrial products company's stock valued at $105,000 after purchasing an additional 139 shares during the last quarter. Finally, Liberty One Investment Management LLC raised its position in Casella Waste Systems by 7.8% in the 2nd quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.