Trade Report: The Casella Waste Systems Inc. to Post Q3 2016 Earnings of $0.19 Per Share, First Analysis Forecasts (CWST)

The Casella Waste Systems Inc. to Post Q3 2016 Earnings of $0.19 Per Share, First Analysis Forecasts (CWST)

Casella Waste Systems Inc. (NASDAQ:CWST) – Stock analysts at First Analysis issued their Q3 2016 earnings per share (EPS) estimates for Casella Waste Systems in a research note issued on Sunday. First Analysis analyst C. Greendale anticipates that the firm will post earnings per share of $0.19 for the quarter. First Analysis currently 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.

A number of other analysts also recently weighed in on the stock. KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. 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. Finally, Imperial Capital decreased their target price on shares of Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $10.50.

Shares of Casella Waste Systems (NASDAQ:CWST) traded down 0.47% during mid-day trading on Wednesday, hitting $10.70. 140,519 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.52 and its 200-day moving average price is $8.22. Casella Waste Systems has a 12-month low of $4.97 and a 12-month high of $10.89. The stock’s market capitalization is $443.92 million.

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

Several hedge funds have recently made changes to their positions in CWST. BlackRock Inc. increased its stake 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 valued at $104,000 after buying an additional 11,820 shares during the period. Acrospire Investment Management LLC increased 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 valued at $109,000 after buying an additional 5,373 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Casella Waste Systems during the second quarter valued at about $119,000. HBK Sorce Advisory LLC acquired a new stake in Casella Waste Systems during the second quarter valued at about $190,000. Finally, Nationwide Fund Advisors increased 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 valued at $204,000 after buying an additional 1,057 shares during the last quarter. 65.65% of the stock is owned by institutional investors.

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