William Blair Has Bullish Estimate for CWST FY2024 Earnings

Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) - Research analysts at William Blair upped their FY2024 earnings per share estimates for shares of Casella Waste Systems in a research note issued on Thursday, October 31st. William Blair analyst T. Romeo now forecasts that the industrial products company will earn $0.61 per share for the year, up from their previous estimate of $0.59. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Casella Waste Systems' current full-year earnings is $0.62 per share. William Blair also issued estimates for Casella Waste Systems' Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.00 EPS.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.42%. The company's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus reissued a "buy" rating and issued a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James raised their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and an average price target of $111.50.

Casella Waste Systems Stock Up 0.1 %

Shares of NASDAQ CWST traded up $0.11 during trading hours on Monday, hitting $99.45. The company had a trading volume of 345,469 shares, compared to its average volume of 314,907. The stock has a market capitalization of $5.78 billion, a P/E ratio of 828.75, a price-to-earnings-growth ratio of 7.80 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Casella Waste Systems has a 1-year low of $76.67 and a 1-year high of $109.08. The firm's 50 day moving average is $102.61 and its 200-day moving average is $100.60.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CWST. New Covenant Trust Company N.A. bought a new position in Casella Waste Systems during the 1st quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the 2nd quarter worth $29,000. GAMMA Investing LLC increased its position in Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after buying an additional 139 shares during the period. Whittier Trust Co. bought a new position in shares of Casella Waste Systems in the first quarter worth $41,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after purchasing an additional 500 shares during the period. Institutional investors own 99.51% of the company's stock.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.