Research Analysts Set Expectations for Casella Waste Systems Inc.’s Q2 2017 Earnings (CWST)
Casella Waste Systems Inc. (NASDAQ:CWST) – Research analysts at Wedbush increased their Q2 2017 EPS estimates for shares of Casella Waste Systems in a research report issued to clients and investors on Thursday. Wedbush analyst A. Kaschalk now forecasts that the brokerage will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.18. Wedbush also issued estimates for Casella Waste Systems’ Q3 2017 earnings at $0.17 EPS, Q2 2018 earnings at $0.22 EPS and Q3 2018 earnings at $0.15 EPS.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The company had revenue of $144.67 million for the quarter, compared to the consensus estimate of $145.37 million. Casella Waste Systems’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS.
Several other analysts have also recently weighed in on CWST. First Analysis raised their price objective on shares of Casella Waste Systems from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Friday, June 17th. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Wednesday, June 29th. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Stifel Nicolaus set a $10.00 price objective on shares of Casella Waste Systems and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, Imperial Capital lowered their price objective on shares of Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Casella Waste Systems presently has a consensus rating of “Buy” and an average price target of $10.50.
Casella Waste Systems (NASDAQ:CWST) traded up 0.237% during trading on Friday, hitting $10.565. 75,887 shares of the stock were exchanged. Casella Waste Systems has a 52 week low of $4.97 and a 52 week high of $10.89. The stock has a 50 day moving average of $9.61 and a 200-day moving average of $8.26. The stock’s market cap is $438.32 million.
A number of institutional investors have recently modified their holdings of CWST. Royal Bank of Canada boosted its position in Casella Waste Systems by 954,600.0% in the second quarter. Royal Bank of Canada now owns 381,880 shares of the company’s stock worth $2,997,000 after buying an additional 381,840 shares during the last quarter. Skylands Capital LLC boosted its position in Casella Waste Systems by 12.2% in the second quarter. Skylands Capital LLC now owns 1,589,712 shares of the company’s stock worth $12,479,000 after buying an additional 173,062 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Casella Waste Systems during the second quarter worth about $724,000. AXA purchased a new position in Casella Waste Systems during the first quarter worth about $612,000. Finally, GSA Capital Partners LLP boosted its position in Casella Waste Systems by 392.1% in the second quarter. GSA Capital Partners LLP now owns 93,974 shares of the company’s stock worth $738,000 after buying an additional 74,876 shares during the last quarter. Institutional investors own 65.65% of the company’s stock.
Casella Waste Systems Company Profile
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.
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