Somewhat Positive News Coverage Very Likely to Affect Casella Waste Systems (CWST) Stock Price
Media stories about Casella Waste Systems (NASDAQ:CWST) have trended somewhat positive recently, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Casella Waste Systems earned a news sentiment score of 0.08 on Alpha One’s scale. Alpha One also gave news headlines about the industrial products company an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Alpha One’s scoring:
- Analysts Expect Casella Waste Systems Inc. (CWST) Will Post Quarterly Sales of $128.28 Million (americanbankingnews.com)
- BRIEF-Casella Waste Systems completes term loan repricing (reuters.com)
- CASELLA WASTE SYSTEMS INC : Entry into a Material Definitive Agreement (form 8-K) (4-traders.com)
- BRIEF-Casella Waste Systems completes term loan repricing (CWST) (markets.businessinsider.com)
- Casella Waste Systems, Inc. Completes Successful Term Loan Repricing (finance.yahoo.com)
Casella Waste Systems (NASDAQ:CWST) traded up 1.20% during trading on Thursday, hitting $14.35. 150,789 shares of the stock were exchanged. The firm’s market capitalization is $598.77 million. The stock has a 50 day moving average price of $13.48 and a 200-day moving average price of $12.26. Casella Waste Systems has a 12-month low of $6.64 and a 12-month high of $14.39.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $143.80 million for the quarter, compared to analyst estimates of $139.74 million. Casella Waste Systems had a negative net margin of 0.34% and a negative return on equity of 8.76%. Casella Waste Systems’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS. On average, equities research analysts anticipate that Casella Waste Systems will post $0.47 earnings per share for the current fiscal year.
CWST has been the topic of a number of research reports. Zacks Investment Research raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, January 4th. Wedbush reaffirmed a “neutral” rating and issued a $13.00 price target (up from $11.00) on shares of Casella Waste Systems in a research note on Friday, March 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.80.
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In other news, Director Emily K. Nagle sold 3,200 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $12.78, for a total transaction of $40,896.00. Following the transaction, the director now directly owns 38,496 shares in the company, valued at approximately $491,978.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Heald sold 2,887 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $12.80, for a total transaction of $36,953.60. Following the transaction, the vice president now owns 73,979 shares in the company, valued at $946,931.20. The disclosure for this sale can be found here. Insiders have sold a total of 80,024 shares of company stock worth $1,015,893 over the last 90 days. 11.50% of the stock is owned by company insiders.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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