Research Analysts Issue Forecasts for CWST FY2024 Earnings

Casella Waste Systems, Inc. (NASDAQ:CWST) – Stock analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for shares of Casella Waste Systems in a research report issued on Thursday, October 31st. William Blair analyst T. Romeo now expects that the industrial products company will earn $0.61 per share for the year, up from their prior forecast of $0.59. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Casella Waste Systems’ current full-year earnings is $0.63 per share. William Blair also issued estimates for Casella Waste Systems’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.00 EPS.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The firm had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year.

Other analysts also recently issued reports about the company. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Raymond James upped their price target on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Casella Waste Systems Trading Up 2.4 %

NASDAQ CWST opened at $101.82 on Monday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 848.50, a PEG ratio of 6.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems has a one year low of $76.67 and a one year high of $109.08. The company’s 50 day moving average price is $102.45 and its 200 day moving average price is $100.65.

Institutional Trading of Casella Waste Systems

Several large investors have recently modified their holdings of CWST. New Covenant Trust Company N.A. acquired a new stake in Casella Waste Systems during the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the second quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares during the last quarter. Whittier Trust Co. acquired a new stake in Casella Waste Systems in the first quarter valued at $41,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Casella Waste Systems by 100.0% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 500 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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.