Equities Analysts Issue Forecasts for Casella Waste Systems Inc.’s Q3 2016 Earnings (CWST)
Casella Waste Systems Inc. (NASDAQ:CWST) – Equities researchers at First Analysis issued their Q3 2016 earnings per share estimates for shares of Casella Waste Systems in a note issued to investors on Sunday. First Analysis analyst C. Greendale expects that the firm will post earnings of $0.19 per share for the quarter. First Analysis has a “Overweight” rating and a $11.50 price target 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 issued its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share 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 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 in the previous year, the company earned $0.03 earnings per share.
CWST has been the topic of a number of other reports. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Thursday, July 14th. Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Stifel Nicolaus set a $10.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, Imperial Capital lowered their target price 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 research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.50.
Casella Waste Systems (NASDAQ:CWST) opened at 10.80 on Wednesday. The company’s market capitalization is $448.07 million. The stock has a 50 day moving average of $9.57 and a 200 day moving average of $8.24. Casella Waste Systems has a 12 month low of $4.97 and a 12 month high of $10.89.
Large investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in 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 worth $201,000 after buying an additional 137 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Casella Waste Systems by 0.8% in the second quarter. I.G. Investment Management LTD. now owns 83,556 shares of the company’s stock worth $656,000 after buying an additional 701 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of 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 in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $1,772,000 after buying an additional 1,072 shares in the last quarter. Finally, Aristotle Capital Boston LLC boosted its stake in shares of Casella Waste Systems by 1.1% in the second quarter. Aristotle Capital Boston LLC now owns 360,509 shares of the company’s stock worth $2,830,000 after buying an additional 3,751 shares in 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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