Casella Waste Systems (CWST) Scheduled to Post Quarterly Earnings on Wednesday

Casella Waste Systems (NASDAQ:CWST) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Casella Waste Systems has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. The company had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Casella Waste Systems Trading Down 0.9 %

Shares of CWST opened at $103.14 on Wednesday. Casella Waste Systems has a 1 year low of $72.97 and a 1 year high of $109.08. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $103.35 and a 200-day simple moving average of $100.23. The stock has a market cap of $5.98 billion, a PE ratio of 332.71, a PEG ratio of 7.90 and a beta of 0.99.

Wall Street Analysts Forecast Growth

CWST has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Raymond James increased their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. Finally, William Blair initiated coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

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.