Wall Street brokerages predict that Casella Waste Systems Inc. (NASDAQ:CWST) will report $183.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Casella Waste Systems’ earnings. The highest sales estimate is $184.00 million and the lowest is $182.70 million. Casella Waste Systems posted sales of $165.65 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is scheduled to issue its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Casella Waste Systems will report full-year sales of $718.63 million for the current year, with estimates ranging from $716.00 million to $721.00 million. For the next year, analysts expect that the company will post sales of $754.37 million, with estimates ranging from $750.00 million to $763.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Casella Waste Systems.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Casella Waste Systems had a net margin of 1.27% and a return on equity of 390.60%. The business had revenue of $163.70 million during the quarter, compared to analysts’ expectations of $161.77 million. The company’s revenue was up 11.0% on a year-over-year basis.

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Casella Waste Systems from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. TheStreet upgraded shares of Casella Waste Systems from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Finally, Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $40.00 in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $39.25.

Shares of Casella Waste Systems stock traded down $0.45 during trading hours on Monday, hitting $37.70. The company had a trading volume of 131,211 shares, compared to its average volume of 290,806. Casella Waste Systems has a twelve month low of $23.38 and a twelve month high of $39.31. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 6.53. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 61.80 and a beta of 0.94.

In other Casella Waste Systems news, Director William P. Hulligan sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $35.70, for a total transaction of $357,000.00. Following the completion of the transaction, the director now owns 49,484 shares in the company, valued at approximately $1,766,578.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Douglas R. Casella sold 34,492 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.15, for a total transaction of $1,177,901.80. Following the transaction, the insider now owns 676,899 shares of the company’s stock, valued at approximately $23,116,100.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 722,322 shares of company stock valued at $25,903,991. 10.64% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. US Bancorp DE purchased a new position in Casella Waste Systems during the 1st quarter worth $27,000. Meeder Asset Management Inc. raised its position in Casella Waste Systems by 218.8% during the 4th quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,652 shares during the last quarter. NEXT Financial Group Inc purchased a new position in Casella Waste Systems during the 4th quarter worth $129,000. Advisory Services Network LLC raised its position in Casella Waste Systems by 133.5% during the 4th quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock worth $188,000 after buying an additional 3,783 shares during the last quarter. Finally, FMR LLC raised its position in Casella Waste Systems by 3,567.0% during the 4th quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock worth $196,000 after buying an additional 6,706 shares during the last quarter. Institutional investors own 79.23% 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 northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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Earnings History and Estimates for Casella Waste Systems (NASDAQ:CWST)

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