NASDAQ:CWST

Casella Waste Systems (CWST) Stock Forecast, Price & News

$76.30

-1.77 (-2.27%)

(As of 09/29/2023 ET)

Compare

Today's Range: $75.82
▼
$78.79
50-Day Range: $76.30
▼
$86.44
52-Week Range: $70.07
▼
$95.78

Volume: 427,530 shs
Average Volume: 301,900 shs
Market Capitalization: $4.42 billion

P/E Ratio: 99.09
Dividend Yield: N/A
Price Target: $99.50

Casella Waste Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 30.4% Upside
$99.50 Price Target
Short Interest: Healthy
2.12% of Shares Sold Short
Dividend Strength: N/A
Sustainability: +0.57
Upright™ Environmental Score
News Sentiment: -0.03
Based on 7 Articles This Week
Insider Trading: Selling Shares
$1.49 M Sold Last Quarter
Proj. Earnings Growth: 31.68%
From $1.01 to $1.33 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Industrial Products Sector

30th out of 180 stocks

Refuse Systems Industry

3rd out of 6 stocks

3.4

Analyst's Opinion

Consensus Rating
Casella Waste Systems has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $99.50, Casella Waste Systems has a forecasted upside of 30.4% from its current price of $76.30.
Amount of Analyst Coverage
Casella Waste Systems has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.12% of the outstanding shares of Casella Waste Systems have been sold short.
Short Interest Ratio / Days to Cover
Casella Waste Systems has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Casella Waste Systems has recently decreased by 5.38%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Casella Waste Systems does not currently pay a dividend.
Dividend Growth
Casella Waste Systems does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Casella Waste Systems has received a 48.10% net impact score from Upright. The largest positive contribution comes from its "Waste" impact, which is mostly driven by its "Household municipal waste collection", "Paper waste sorting services", "Paperboard waste sorting services", "Glass waste sorting services", and "Metal waste sorting services" products. See details.
Environmental Sustainability
The Environmental Impact score for Casella Waste Systems is 0.57.

2.2

News and Social Media Coverage

News Sentiment
Casella Waste Systems has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Casella Waste Systems this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for CWST on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Casella Waste Systems to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Casella Waste Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,488,483.00 in company stock.
Percentage Held by Insiders
Only 4.75% of the stock of Casella Waste Systems is held by insiders.
Percentage Held by Institutions
95.28% of the stock of Casella Waste Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Casella Waste Systems are expected to grow by 31.68% in the coming year, from $1.01 to $1.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Casella Waste Systems is 99.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Casella Waste Systems is 99.09, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.70.
Price to Earnings Growth Ratio
Casella Waste Systems has a PEG Ratio of 5.04. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Casella Waste Systems has a P/B Ratio of 7.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern 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. The company provides non-hazardous solid waste services, including collections, transfer stations, and disposal facilities. In addition, it markets materials, including fibers, corrugated cardboard, newsprint, plastics, glass, ferrous, and aluminum metals. As of January 31, 2023, the company owns and operates 49 solid waste collection operations, 65 transfer stations, 26 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

CWST Price History

30 days | 90 days | 365 days | Advanced Chart

CWST Stock News Headlines

September 25, 2023 | americanbankingnews.com

Q3 2023 Earnings Estimate for Casella Waste Systems, Inc. Issued By KeyCorp (NASDAQ:CWST)

September 22, 2023 | americanbankingnews.com

Casella Waste Systems (NASDAQ:CWST) Raised to "Hold" at StockNews.com

October 1, 2023 | Behind the Markets (Ad)

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September 15, 2023 | cnbc.com

Buy this landfill stock as it flexes its strong market share, Goldman Sachs says

September 15, 2023 | msn.com

Casella Waste Systems rated Buy in new coverage at Goldman Sachs

September 5, 2023 | finance.yahoo.com

Casella Waste Systems, Inc. Completes Acquisition of Consolidated Waste Services, LLC Assets

September 1, 2023 | finance.yahoo.com

Is Casella Waste Systems, Inc. (NASDAQ:CWST) Worth US$78.8 Based On Its Intrinsic Value?

August 14, 2023 | msn.com

Casella Waste Systems: Headline 2Q23 Results Poor But Fundamentals Remain Sound

October 1, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

August 11, 2023 | finance.yahoo.com

Is Casella Waste Systems (CWST) Well-Positioned for Growth?

August 11, 2023 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Casella Waste Systems, Inc. (NASDAQ:CWST)?

August 9, 2023 | finance.yahoo.com

Casella Waste Systems, Inc. Announces Pricing of Up to $35.0 Million of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2020R-2

August 3, 2023 | finance.yahoo.com

Is Casella Waste Systems (CWST) a Stable Business to Invest in?

August 1, 2023 | msn.com

Raymond James Maintains Casella Waste Systems, Inc. - (CWST) Strong Buy Recommendation

July 31, 2023 | markets.businessinsider.com

Expert Ratings for Casella Waste Sys

July 29, 2023 | finance.yahoo.com

Q2 2023 Casella Waste Systems Inc Earnings Call

July 28, 2023 | finance.yahoo.com

Casella Waste Systems, Inc. Announces Second Quarter 2023 Results and Updates Fiscal Year 2023 Guidance

July 26, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Casella Waste Systems's earnings

July 13, 2023 | finance.yahoo.com

Casella Waste Systems, Inc. to Host Conference Call on Its Second Quarter 2023 Results and to Present at an Upcoming Investor Event

July 11, 2023 | finance.yahoo.com

Casella Recognizes 2023 Sustainability Leaders

July 10, 2023 | finance.yahoo.com

Waga Energy and Casella Will Produce RNG at Three Landfills in the US

July 10, 2023 | msn.com

Casella Waste Systems, Waga Energy sign agreement for RNG production project

July 10, 2023 | finance.yahoo.com

Casella Waste Systems, Inc. and Waga Energy Sign Agreement to Develop Renewable Natural Gas Capacity at Select Landfills

June 20, 2023 | seekingalpha.com

Casella Waste Systems: Continuing To Crush It

June 20, 2023 | finance.yahoo.com

Casella Drives Innovation in Recycling & Sustainability With Materials Recovery Facility Upgrade

June 19, 2023 | msn.com

Casella Waste to buy Twin Bridges waste management

June 18, 2023 | msn.com

Casella Waste to buy Twin Bridges in $219M deal

See More Headlines

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CWST Company Calendar

Last Earnings: 7/28/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Refuse systems
Sub-Industry: Environmental & Facilities Services
Sector: Industrial Products
Current Symbol: NASDAQ:CWST
CUSIP: 14744810
CIK: 911177
Web: www.casella.com
Phone: (802) 775-0325
Fax: 802-775-6198
Employees: 3,200
Year Founded: 1975

Price Target and Rating

Average Stock Price Forecast: $99.50
High Stock Price Forecast: $110.00
Low Stock Price Forecast: $89.00
Forecasted Upside/Downside: +30.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.77
Trailing P/E Ratio: 99.09
Forward P/E Ratio: 75.54
P/E Growth: 5.04
Net Income: $53.08 million
Net Margins: 3.58%
Pretax Margin: 4.94%
Return on Equity: 9.08%
Return on Assets: 3.39%

Debt

Debt-to-Equity Ratio: 0.98
Current Ratio: 2.87
Quick Ratio: 2.79

Sales & Book Value

Annual Sales: $1.09 billion
Price / Sales: 4.08
Cash Flow: $3.58 per share
Price / Cash Flow: 21.30
Book Value: $9.63 per share
Price / Book: 7.92

Miscellaneous

Outstanding Shares: 57,960,000
Free Float: 55,209,000
Market Cap: $4.42 billion
Optionable: Optionable
Beta: 0.89

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Key Executives

Mr. John W. Casella (Age 72)
Chairman, CEO & Sec.
Comp: $2.35M

Mr. Edmond R. Coletta (Age 47)
Pres & CFO
Comp: $1.17M

Ms. Shelley E. Sayward (Age 48)
Sr. VP & Gen. Counsel
Comp: $747.45k

Mr. Paul J. Ligon (Age 54)
Sr. VP of Sustainable Growth & Chief Revenue Officer
Comp: $610.01k

Mr. Sean M. Steves (Age 46)
Sr. VP & COO of Solid Waste Operations
Comp: $602.29k

Mr. Kevin J. Drohan (Age 42)
VP & Chief Accounting Officer

Mr. Michael J. Viani (Age 68)
VP of Bus. Devel. & Special Waste

Mr. Kelley J. Robinson
Sr. VP of HR

Mr. Jason M. Mead
Sr. VP of Fin. & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CWST Stock - Frequently Asked Questions

Should I buy or sell Casella Waste Systems stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casella Waste Systems in the last year. There are currently 1 sell rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CWST shares.
View CWST analyst ratings or view top-rated stocks.
What is Casella Waste Systems' stock price forecast for 2023?: 5 analysts have issued 12-month target prices for Casella Waste Systems' stock. Their CWST share price forecasts range from $89.00 to $110.00. On average, they anticipate the company's share price to reach $99.50 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for CWST or view top-rated stocks among Wall Street analysts.
How have CWST shares performed in 2023?: Casella Waste Systems' stock was trading at $79.31 at the beginning of the year. Since then, CWST shares have decreased by 3.8% and is now trading at $76.30.
View the best growth stocks for 2023 here.
Are investors shorting Casella Waste Systems?: Casella Waste Systems saw a decline in short interest in September. As of September 15th, there was short interest totaling 1,230,000 shares, a decline of 5.4% from the August 31st total of 1,300,000 shares. Based on an average trading volume of 303,200 shares, the short-interest ratio is currently 4.1 days.
View Casella Waste Systems' Short Interest.
When is Casella Waste Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CWST earnings forecast.
How were Casella Waste Systems' earnings last quarter?: Casella Waste Systems, Inc. (NASDAQ:CWST) posted its quarterly earnings data on Friday, July, 28th. The industrial products company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.01. The industrial products company had revenue of $289.65 million for the quarter, compared to analyst estimates of $301.93 million. Casella Waste Systems had a net margin of 3.58% and a trailing twelve-month return on equity of 9.08%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share.
What ETFs hold Casella Waste Systems' stock?: ETFs with the largest weight of Casella Waste Systems (NASDAQ:CWST) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), Sterling Capital Focus Equity ETF (LCG), VanEck Environmental Services ETF (EVX), Putnam Sustainable Future ETF (PFUT), Ecofin U.S. Renewables Infrastructure Trust (RNEW), Harbor Small Cap Explorer ETF (QWST), Invesco DWA SmallCap Momentum ETF (DWAS) and Strategy Shares Halt Climate Change ETF (NZRO).
What guidance has Casella Waste Systems issued on next quarter's earnings?: Casella Waste Systems issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.24 billion-$1.26 billion, compared to the consensus revenue estimate of $1.23 billion.

What is John W. Casella's approval rating as Casella Waste Systems' CEO?: 37 employees have rated Casella Waste Systems Chief Executive Officer John W. Casella on Glassdoor.com. John W. Casella has an approval rating of 72% among the company's employees.
What other stocks do shareholders of Casella Waste Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Casella Waste Systems investors own include Advanced Micro Devices (AMD), Energy Transfer (ET), AbbVie (ABBV), Edwards Lifesciences (EW), Merck & Co., Inc. (MRK), Taiwan Semiconductor Manufacturing (TSM), Applied Materials (AMAT), Ball (BLL) and Eastman Chemical (EMN).
What is Casella Waste Systems' stock symbol?: Casella Waste Systems trades on the NASDAQ under the ticker symbol "CWST."
How do I buy shares of Casella Waste Systems?: Shares of CWST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Casella Waste Systems' stock price today?: One share of CWST stock can currently be purchased for approximately $76.30.
How much money does Casella Waste Systems make?: Casella Waste Systems (NASDAQ:CWST) has a market capitalization of $4.42 billion and generates $1.09 billion in revenue each year. The industrial products company earns $53.08 million in net income (profit) each year or $0.77 on an earnings per share basis.
How many employees does Casella Waste Systems have?: The company employs 3,200 workers across the globe.
How can I contact Casella Waste Systems?: Casella Waste Systems' mailing address is 25 GREENS HILL ROAD, RUTLAND VT, 05701. The official website for the company is www.casella.com. The industrial products company can be reached via phone at (802) 775-0325, via email at ned.coletta@casella.com, or via fax at 802-775-6198.

This page (NASDAQ:CWST) was last updated on 10/1/2023 by MarketBeat.com Staff

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