Q1 2017 Earnings Forecast for Casella Waste Systems Inc. (CWST) Issued By Wedbush
Casella Waste Systems Inc. (NASDAQ:CWST) – Research analysts at Wedbush upped their Q1 2017 earnings estimates for Casella Waste Systems in a report released on Monday. Wedbush analyst A. Kaschalk now forecasts that the firm will earn ($0.10) per share for the quarter, up from their prior estimate of ($0.20). Wedbush has a “Neutral” rating and a $11.00 price target on the stock. Wedbush also issued estimates for Casella Waste Systems’ Q2 2017 earnings at $0.20 EPS, Q4 2017 earnings at $0.02 EPS, FY2017 earnings at $0.36 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $0.52 EPS.
CWST has been the topic of several other reports. Zacks Investment Research raised shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, October 4th. First Analysis increased their price objective on shares of Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a report on Monday, August 8th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Thursday, July 14th. Imperial Capital increased their target price on shares of Casella Waste Systems from $8.50 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus set a $10.00 target price on shares of Casella Waste Systems and gave the company a “buy” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Casella Waste Systems has an average rating of “Buy” and an average price target of $11.30.
Casella Waste Systems (NASDAQ:CWST) opened at 11.40 on Wednesday. The company’s market capitalization is $472.96 million. Casella Waste Systems has a 12 month low of $4.97 and a 12 month high of $11.55. The company’s 50-day moving average price is $10.64 and its 200 day moving average price is $8.85.
Several hedge funds and other institutional investors have recently bought and sold shares of CWST. BlackRock Inc. increased its position in shares of 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 in the last quarter. Acrospire Investment Management LLC increased its position in shares of 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 in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Casella Waste Systems during the third quarter worth about $115,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Casella Waste Systems during the second quarter worth about $119,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Casella Waste Systems during the third quarter worth about $126,000. 65.53% of the stock is owned by institutional investors and hedge funds.
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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