Brokers Offer Predictions for Casella Waste Systems, Inc.’s FY2022 Earnings (NASDAQ:CWST)
Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) – Equities researchers at KeyCorp upped their FY2022 earnings estimates for shares of Casella Waste Systems in a research note issued to investors on Sunday, July 31st. KeyCorp analyst S. Eastman now anticipates that the industrial products company will post earnings of $1.07 per share for the year, up from their previous estimate of $1.04. The consensus estimate for Casella Waste Systems’ current full-year earnings is $1.03 per share. KeyCorp also issued estimates for Casella Waste Systems’ Q4 2022 earnings at $0.24 EPS and FY2023 earnings at $1.25 EPS.
A number of other research analysts also recently commented on the stock. Raymond James upped their price objective on shares of Casella Waste Systems from $89.00 to $93.00 in a research note on Monday. StockNews.com raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Monday.
Casella Waste Systems Trading Up 1.9 %
NASDAQ CWST opened at $82.47 on Tuesday. Casella Waste Systems has a 12 month low of $63.90 and a 12 month high of $92.75. The company has a 50-day moving average of $72.20 and a 200-day moving average of $77.24. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.93 and a quick ratio of 0.85. The company has a market cap of $4.24 billion, a P/E ratio of 90.63, a P/E/G ratio of 5.53 and a beta of 0.99.
Casella Waste Systems (NASDAQ:CWST – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $283.67 million for the quarter, compared to analyst estimates of $252.48 million. Casella Waste Systems had a net margin of 4.69% and a return on equity of 12.53%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS.
Hedge Funds Weigh In On Casella Waste Systems
A number of institutional investors and hedge funds have recently bought and sold shares of CWST. Russell Investments Group Ltd. purchased a new position in shares of Casella Waste Systems during the 1st quarter valued at approximately $35,000. Trust Co. of Vermont purchased a new position in shares of Casella Waste Systems during the 2nd quarter valued at approximately $42,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Casella Waste Systems during the 1st quarter valued at approximately $44,000. Signaturefd LLC boosted its stake in shares of Casella Waste Systems by 43.0% during the 1st quarter. Signaturefd LLC now owns 522 shares of the industrial products company’s stock valued at $46,000 after buying an additional 157 shares during the last quarter. Finally, Homestead Advisers Corp lifted its stake in Casella Waste Systems by 25.3% during the second quarter. Homestead Advisers Corp now owns 649 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 94.88% 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. 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.
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