Casella Waste Systems (NASDAQ:CWST) Hits New 52-Week Low - What's Next?

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)'s share price hit a new 52-week low on Monday . The company traded as low as $93.59 and last traded at $93.69, with a volume of 7496 shares changing hands. The stock had previously closed at $94.69.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James Financial set a $125.00 price objective on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research report on Monday, August 4th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Finally, Cowen reaffirmed a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.17.

Casella Waste Systems Trading Down 1.7%

The firm has a market capitalization of $5.79 billion, a PE ratio of 506.28 and a beta of 0.84. The company has a quick ratio of 1.61, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The stock's fifty day simple moving average is $102.55 and its 200 day simple moving average is $110.03.

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

Institutional Trading of Casella Waste Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Casella Waste Systems in the second quarter worth $25,000. Maseco LLP purchased a new position in Casella Waste Systems during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in Casella Waste Systems by 325.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 166 shares in the last quarter. Geneos Wealth Management Inc. grew its stake 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 valued at $27,000 after acquiring an additional 184 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Casella Waste Systems during the first quarter valued at $31,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

About Casella Waste Systems

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.