Casella Waste Systems (CWST) Earning Somewhat Favorable Media Coverage, Accern Reports
Press coverage about Casella Waste Systems (NASDAQ:CWST) has trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Casella Waste Systems earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.9252203746271 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Wednesday Sector Laggards: Waste Management, Trucking Stocks – Presented by: The Aol. On Network (nasdaq.com)
- These Active Shares are Sliding on Extended Hours – RSG, SBBP, VICL, AMBC, CWST, CLW, CHKE (fxpips.com)
- The Biggest Loser: Republic Services Slumps 4.9% in Stinker of a Day (finance.yahoo.com)
- Casella Waste Systems, Inc. breached its 50 day moving average in a Bearish Manner : CWST-US : October 5, 2017 (finance.yahoo.com)
CWST has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price objective on shares of Casella Waste Systems in a research note on Wednesday, July 19th. Barclays PLC initiated coverage on shares of Casella Waste Systems in a research note on Friday, June 23rd. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, BidaskClub downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.83.
Shares of Casella Waste Systems (CWST) traded up 2.618% during trading on Friday, hitting $18.225. 278,969 shares of the company traded hands. Casella Waste Systems has a one year low of $10.31 and a one year high of $19.13. The stock’s market cap is $766.11 million. The firm has a 50 day moving average price of $17.52 and a 200-day moving average price of $15.79.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $154.02 million during the quarter, compared to analysts’ expectations of $149.88 million. Casella Waste Systems had a negative net margin of 10.01% and a negative return on equity of 60.26%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Analysts predict that Casella Waste Systems will post $0.61 EPS for the current year.
In related news, Director Michael K. Burke sold 31,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $564,795.00. Following the transaction, the director now owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Hulligan sold 20,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $16.15, for a total transaction of $323,000.00. Following the transaction, the director now directly owns 96,760 shares in the company, valued at approximately $1,562,674. The disclosure for this sale can be found here. Company insiders own 11.50% of the company’s stock.
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About Casella Waste Systems
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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