Casella Waste Systems (NASDAQ:CWST) Announces Quarterly Earnings Results

Casella Waste Systems (NASDAQ:CWST) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25, Zacks reports. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems updated its FY 2025 guidance to EPS.

Casella Waste Systems Price Performance

CWST stock opened at $106.71 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The firm has a market cap of $6.76 billion, a P/E ratio of 889.25, a PEG ratio of 3.89 and a beta of 1.04. Casella Waste Systems has a 1 year low of $84.45 and a 1 year high of $114.88. The stock’s 50 day moving average price is $107.68 and its 200 day moving average price is $105.64.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWST. Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

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.