Casella Waste Systems, Inc. (NASDAQ:CWST) to Post FY2024 Earnings of $0.59 Per Share, William Blair Forecasts

Casella Waste Systems, Inc. (NASDAQ:CWST) – Equities research analysts at William Blair issued their FY2024 earnings per share (EPS) estimates for shares of Casella Waste Systems in a research report issued on Thursday, October 3rd. William Blair analyst T. Romeo expects that the industrial products company will earn $0.59 per share for the year. 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’ FY2025 earnings at $0.90 EPS and FY2026 earnings at $1.21 EPS.

A number of other analysts also recently issued reports on CWST. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James lifted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.20.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $98.30 on Monday. The stock has a market cap of $5.70 billion, a P/E ratio of 317.10, a PEG ratio of 7.89 and a beta of 0.99. Casella Waste Systems has a 12-month low of $72.97 and a 12-month high of $109.08. The company has a 50-day moving average price of $103.39 and a 200 day moving average price of $99.84. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The firm had revenue of $377.20 million for the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. Casella Waste Systems’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new position in Casella Waste Systems in the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 139 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Casella Waste Systems by 232.0% during the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 232 shares during the period. Finally, Whittier Trust Co. acquired a new stake in Casella Waste Systems during the first quarter valued at approximately $41,000. 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.