The Research Analysts Set Expectations for Casella Waste Systems Inc.’s Q2 2017 Earnings (CWST)

The Research Analysts Set Expectations for Casella Waste Systems Inc.’s Q2 2017 Earnings (CWST)

Casella Waste Systems Inc. (NASDAQ:CWST) – Equities researchers at Wedbush increased their Q2 2017 EPS estimates for Casella Waste Systems in a report issued on Thursday. Wedbush analyst A. Kaschalk now expects that the brokerage will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.18. Wedbush also issued estimates for Casella Waste Systems’ Q3 2017 earnings at $0.17 EPS, Q2 2018 earnings at $0.22 EPS and Q3 2018 earnings at $0.15 EPS.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The firm had revenue of $144.67 million for the quarter, compared to analysts’ expectations of $145.37 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis.

A number of other research firms have also recently commented on CWST. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Wednesday, June 29th. First Analysis lifted their price objective on Casella Waste Systems from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Friday, June 17th. Imperial Capital dropped their price objective on 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. Stifel Nicolaus set a $10.00 price objective on Casella Waste Systems and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Casella Waste Systems has a consensus rating of “Buy” and a consensus price target of $10.50.

Casella Waste Systems (NASDAQ:CWST) traded up 0.237% during mid-day trading on Friday, hitting $10.565. 75,887 shares of the company were exchanged. Casella Waste Systems has a 12 month low of $4.97 and a 12 month high of $10.89. The firm has a 50 day moving average price of $9.61 and a 200 day moving average price of $8.26. The stock’s market cap is $438.32 million.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Casella Waste Systems by 954,600.0% in the second quarter. Royal Bank of Canada now owns 381,880 shares of the company’s stock worth $2,997,000 after buying an additional 381,840 shares during the last quarter. Skylands Capital LLC raised its position in Casella Waste Systems by 12.2% in the second quarter. Skylands Capital LLC now owns 1,589,712 shares of the company’s stock valued at $12,479,000 after buying an additional 173,062 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Casella Waste Systems during the second quarter valued at $724,000. AXA purchased a new position in Casella Waste Systems during the first quarter valued at $612,000. Finally, GSA Capital Partners LLP raised its position in Casella Waste Systems by 392.1% in the second quarter. GSA Capital Partners LLP now owns 93,974 shares of the company’s stock valued at $738,000 after buying an additional 74,876 shares in the last quarter. 65.65% of the stock is currently owned by hedge funds and other institutional investors.

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