Casella Waste Systems (CWST) Given Daily News Sentiment Rating of 0.24
Media headlines about Casella Waste Systems (NASDAQ:CWST) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casella Waste Systems earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.0873062652039 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Financial Survey: Casella Waste Systems (CWST) vs. The Competition (americanbankingnews.com)
- Head-To-Head Comparison: Casella Waste Systems (CWST) and Its Peers (americanbankingnews.com)
- Analyzing Casella Waste Systems (CWST) and The Competition (americanbankingnews.com)
- Casella Waste Systems, Inc. (CWST) CEO Sells $1,205,581.23 in Stock (americanbankingnews.com)
- Casella Waste Systems, Inc. (CWST) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
CWST has been the topic of a number of recent analyst reports. Stifel Nicolaus cut Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Wednesday, October 4th. BidaskClub cut Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a report on Tuesday. Finally, KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.
Casella Waste Systems (CWST) traded up $0.07 during trading hours on Friday, reaching $19.38. The company’s stock had a trading volume of 253,400 shares, compared to its average volume of 264,067. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. Casella Waste Systems has a one year low of $11.15 and a one year high of $20.90. The firm has a market capitalization of $811.85, a PE ratio of 31.66 and a beta of 0.69.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The company had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. equities analysts predict that Casella Waste Systems will post 0.64 earnings per share for the current fiscal year.
In other Casella Waste Systems news, CEO John W. Casella sold 62,433 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the transaction, the chief executive officer now directly owns 472,112 shares in the company, valued at $9,116,482.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edmond Coletta sold 7,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $20.01, for a total value of $140,070.00. Following the transaction, the insider now owns 164,589 shares in the company, valued at $3,293,425.89. The disclosure for this sale can be found here. Insiders have sold 103,433 shares of company stock worth $1,960,021 over the last 90 days. 11.50% of the stock is owned by insiders.
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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, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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