Casella Waste Systems Inc. (NASDAQ:CWST) – Analysts at Wedbush lifted their Q1 2017 EPS estimates for Casella Waste Systems in a research report issued on Thursday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will post earnings of ($0.20) per share for the quarter, up from their prior estimate of ($0.25). Wedbush also issued estimates for Casella Waste Systems’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.22 EPS, Q1 2018 earnings at ($0.08) EPS, FY2018 earnings at $0.38 EPS and FY2019 earnings at $0.49 EPS.

Several other analysts have also recently issued reports on the company. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Thursday, July 14th. First Analysis raised their price target on Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a research note on Monday, August 8th. Zacks Investment Research cut Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Stifel Nicolaus set a $10.00 price target on Casella Waste Systems and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Imperial Capital cut their price target on Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a research note 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’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.50.

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

Casella Waste Systems (NASDAQ:CWST) opened at 10.55 on Monday. The firm’s market cap is $437.70 million. Casella Waste Systems has a one year low of $4.97 and a one year high of $10.89. The stock has a 50 day moving average price of $9.64 and a 200 day moving average price of $8.29.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The company earned $144.67 million during the quarter, compared to analyst estimates of $145.37 million. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Casella Waste Systems by 814.6% in the second quarter. BlackRock Inc. now owns 13,271 shares of the company’s stock worth $104,000 after buying an additional 11,820 shares during the period. Acrospire Investment Management LLC boosted its stake in Casella Waste Systems by 63.5% in the second quarter. Acrospire Investment Management LLC now owns 13,833 shares of the company’s stock worth $109,000 after buying an additional 5,373 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Casella Waste Systems during the second quarter worth approximately $119,000. HBK Sorce Advisory LLC purchased a new stake in Casella Waste Systems during the second quarter worth approximately $190,000. Finally, Nationwide Fund Advisors boosted its stake in Casella Waste Systems by 4.2% in the second quarter. Nationwide Fund Advisors now owns 25,956 shares of the company’s stock worth $204,000 after buying an additional 1,057 shares during the period. Institutional investors and hedge funds 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.

5 Day Chart for NASDAQ:CWST

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