Casella Waste Systems (CWST) to Release Quarterly Earnings on Thursday

Casella Waste Systems (NASDAQ:CWST - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Casella Waste Systems has set its FY 2024 guidance at EPS.Investors interested in participating in the company's conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The company had revenue of $359.57 million for the quarter, compared to the consensus estimate of $360.08 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm's quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Casella Waste Systems Price Performance

Shares of CWST stock traded down $0.08 during midday trading on Thursday, reaching $92.37. 232,722 shares of the company were exchanged, compared to its average volume of 292,062. Casella Waste Systems has a 12 month low of $72.97 and a 12 month high of $100.29. The company has a market cap of $5.36 billion, a P/E ratio of 205.45, a PEG ratio of 6.12 and a beta of 0.90. The company's 50 day moving average price is $93.87 and its two-hundred day moving average price is $86.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.46 and a current ratio of 1.53.

Wall Street Analyst Weigh In

A number of analysts have commented on CWST shares. Wells Fargo & Company boosted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 20th. StockNews.com upgraded shares of Casella Waste Systems from a "sell" rating to a "hold" rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems currently has an average rating of "Buy" and an average price target of $99.71.

Insider Activity

In other news, CEO John W. Casella sold 1,673 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, President Edmond Coletta sold 733 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total transaction of $69,129.23. Following the sale, the president now owns 170,486 shares in the company, valued at $16,078,534.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock worth $1,026,395 over the last 90 days. 4.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in Casella Waste Systems by 110.2% in the 1st quarter. Ameriprise Financial Inc. now owns 1,266,848 shares of the industrial products company's stock valued at $104,718,000 after buying an additional 664,068 shares during the period. BlackRock Inc. increased its stake in Casella Waste Systems by 16.3% in the 2nd quarter. BlackRock Inc. now owns 3,801,906 shares of the industrial products company's stock valued at $343,882,000 after buying an additional 532,019 shares during the period. Norges Bank acquired a new position in Casella Waste Systems in the 4th quarter valued at approximately $34,106,000. Wellington Management Group LLP increased its stake in Casella Waste Systems by 269.6% in the 1st quarter. Wellington Management Group LLP now owns 483,413 shares of the industrial products company's stock valued at $42,372,000 after buying an additional 352,620 shares during the period. Finally, Holocene Advisors LP acquired a new position in Casella Waste Systems in the 2nd quarter valued at approximately $17,637,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

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.