Todays Report: Today, Casella Waste Systems Inc. (CWST) to Post Q1 2017 Earnings of ($0.20) Per Share, Wedbush Forecasts

Today, Casella Waste Systems Inc. (CWST) to Post Q1 2017 Earnings of ($0.20) Per Share, Wedbush Forecasts

Casella Waste Systems Inc. (NASDAQ:CWST) – Equities researchers at Wedbush boosted their Q1 2017 earnings per share estimates for Casella Waste Systems in a research report issued to clients and investors on Thursday. Wedbush analyst A. Kaschalk now forecasts that the firm will earn ($0.20) per share for the quarter, up from their prior estimate of ($0.25). Wedbush also issued estimates for Casella Waste Systems’ Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.22 EPS, Q1 2018 earnings at ($0.08) EPS, FY2018 earnings at $0.38 EPS and FY2019 earnings at $0.49 EPS.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis.

A number of other research firms have also issued reports on CWST. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Wednesday, June 29th. Imperial Capital cut their price target on shares of Casella Waste Systems from $12.00 to $8.50 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. Stifel Nicolaus set a $10.00 price target on shares of Casella Waste Systems and gave the company a “buy” rating in a report on Wednesday, July 27th. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a report on Thursday, July 14th. Finally, First Analysis boosted their price target on shares of Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a report on Monday, August 8th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.50.

Shares of Casella Waste Systems (NASDAQ:CWST) opened at 10.80 on Monday. The company’s 50-day moving average is $9.69 and its 200 day moving average is $8.34. Casella Waste Systems has a 1-year low of $4.97 and a 1-year high of $10.92. The stock’s market cap is $448.07 million.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position 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 worth $104,000 after buying an additional 11,820 shares during the last quarter. 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 in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Casella Waste Systems during the second quarter valued at approximately $119,000. HBK Sorce Advisory LLC acquired a new stake in Casella Waste Systems during the second quarter valued at approximately $190,000. Finally, Metropolitan Life Insurance Co. NY increased 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 valued at $201,000 after buying an additional 137 shares in the last quarter. 65.65% of the stock is currently owned by hedge funds and other institutional investors.

About Casella Waste Systems

Related posts

Leave a Comment