Casella Waste Systems - CWST Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casella Waste Systems in the last year. There are currently 1 sell rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CWST shares.
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4 analysts have issued 12-month target prices for Casella Waste Systems' stock. Their CWST share price forecasts range from $81.00 to $95.00. On average, they anticipate the company's share price to reach $90.25 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
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Casella Waste Systems' stock was trading at $79.31 at the beginning of the year. Since then, CWST shares have increased by 1.9% and is now trading at $80.84.
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Casella Waste Systems saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,390,000 shares, an increase of 19.8% from the February 28th total of 1,160,000 shares. Based on an average daily trading volume, of 255,400 shares, the short-interest ratio is currently 5.4 days. Currently, 2.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Casella Waste Systems, Inc. (NASDAQ:CWST) released its quarterly earnings results on Friday, February, 17th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.06. The industrial products company had revenue of $272.10 million for the quarter, compared to the consensus estimate of $264.15 million. Casella Waste Systems had a trailing twelve-month return on equity of 12.13% and a net margin of 4.89%. The firm's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS.

ETFs with the largest weight of Casella Waste Systems (NASDAQ:CWST) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), Alger Mid Cap 40 ETF (FRTY), VanEck Environmental Services ETF (EVX), Putnam Sustainable Future ETF (PFUT), VanEck Green Infrastructure ETF (RNEW), Invesco DWA SmallCap Momentum ETF (DWAS), Strategy Shares Halt Climate Change ETF (NZRO) and Invesco Raymond James SB-1 Equity ETF (RYJ).

Casella Waste Systems issued an update on its FY 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.15 billion-$1.18 billion, compared to the consensus revenue estimate of $1.17 billion.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Casella Waste Systems investors own include Advanced Micro Devices (AMD), Ampio Pharmaceuticals (AMPE), 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).

Casella Waste Systems trades on the NASDAQ under the ticker symbol "CWST."

Casella Waste Systems' stock is owned by many different retail and institutional investors. Top institutional investors include Conestoga Capital Advisors LLC (5.86%), Earnest Partners LLC (5.36%), William Blair Investment Management LLC (4.72%), JPMorgan Chase & Co. (4.66%), Fred Alger Management LLC (4.44%) and Allspring Global Investments Holdings LLC (3.57%). Insiders that own company stock include Christopher Heald, Douglas R Casella, Edmond Coletta, Edwin D Johnson, Emily Nagle Green, James E Oconnor, James F Callahan Jr, John W Casella, John W Casella, Michael K Burke, Paul Ligon, Shelley E Sayward and William P Hulligan.
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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.
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One share of CWST stock can currently be purchased for approximately $80.84.

Casella Waste Systems (NASDAQ:CWST) has a market capitalization of $4.18 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 $1.02 on an earnings per share basis.

The company employs 3,200 workers across the globe.

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.