Casella Waste Systems (NASDAQ:CWST) Hits New 52-Week Low - Here's Why

Key Points

• Casella Waste Systems' stock price reached a new 52-week low at $90.40, closing at $90.66 with a trading volume of 91,646 shares.
• The company's quarterly earnings exceeded analysts' expectations, reporting an EPS of $0.36 and revenue of $465.33 million, reflecting a 23.4% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Casella Waste Systems, with a price target averaging $123.17.

Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $90.40 and last traded at $90.66, with a volume of 91646 shares changing hands. The stock had previously closed at $91.13.

Analysts Set New Price Targets

CWST has been the topic of several recent analyst reports. Barclays initiated coverage on Casella Waste Systems in a research report on Friday. They set an "underweight" rating and a $88.00 target price on the stock. Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Loop Capital upgraded Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a research note on Friday. 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, August 4th. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and an average price target of $114.38.

Casella Waste Systems Trading Down 2.0%

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The business has a fifty day simple moving average of $100.19 and a 200 day simple moving average of $109.24. The company has a market cap of $5.50 billion, a P/E ratio of 481.61 and a beta of 0.84.

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

Institutional Trading of Casella Waste Systems

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its stake in Casella Waste Systems by 14.4% during the 2nd quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company's stock valued at $393,691,000 after acquiring an additional 428,909 shares in the last quarter. Invesco Ltd. raised its stake in Casella Waste Systems by 20.0% during the 2nd quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company's stock valued at $299,711,000 after acquiring an additional 432,589 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in Casella Waste Systems by 2.9% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company's stock valued at $179,105,000 after acquiring an additional 44,464 shares in the last quarter. Geode Capital Management LLC raised its stake in Casella Waste Systems by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company's stock valued at $173,101,000 after acquiring an additional 12,016 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Casella Waste Systems by 5.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company's stock valued at $165,023,000 after acquiring an additional 77,574 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

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.