Casella Waste Systems Inc. (NASDAQ:CWST) – Analysts at First Analysis issued their Q3 2016 EPS estimates for Casella Waste Systems in a research report issued to clients and investors on Sunday. First Analysis analyst C. Greendale anticipates that the brokerage will post earnings of $0.19 per share for the quarter. First Analysis currently has a “Overweight” rating and a $11.50 price objective on the stock. First Analysis also issued estimates for Casella Waste Systems’ Q4 2016 earnings at $0.03 EPS, FY2016 earnings at $0.16 EPS and FY2017 earnings at $0.57 EPS.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. The firm had revenue of $144.67 million for the quarter, compared to the consensus estimate of $145.37 million. During the same quarter in the previous year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year.

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

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Tuesday, October 4th. Imperial Capital decreased their target price on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Stifel Nicolaus set a $10.00 target price on Casella Waste Systems and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.50.

Casella Waste Systems (NASDAQ:CWST) opened at 10.80 on Wednesday. Casella Waste Systems has a 12-month low of $4.97 and a 12-month high of $10.89. The company’s market cap is $448.07 million. The firm’s 50-day moving average is $9.57 and its 200 day moving average is $8.24.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC increased its position in shares of Casella Waste Systems by 408.5% in the first quarter. Spark Investment Management LLC now owns 79,835 shares of the company’s stock valued at $534,000 after buying an additional 64,135 shares during the period. AXA acquired a new position in shares of Casella Waste Systems during the first quarter valued at $612,000. Geode Capital Management LLC increased its position in shares of Casella Waste Systems by 0.4% in the first quarter. Geode Capital Management LLC now owns 264,593 shares of the company’s stock valued at $1,772,000 after buying an additional 1,072 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Casella Waste Systems by 0.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 29,977 shares of the company’s stock valued at $201,000 after buying an additional 137 shares during the period. Finally, Aristotle Capital Boston LLC increased its position in shares of Casella Waste Systems by 13.4% in the first quarter. Aristotle Capital Boston LLC now owns 356,758 shares of the company’s stock valued at $2,390,000 after buying an additional 42,264 shares during the period. 65.65% of the stock is owned by hedge funds and other institutional investors.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.

5 Day Chart for NASDAQ:CWST

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