Casella Waste Systems (CWST) Given News Impact Score of 0.16
News headlines about Casella Waste Systems (NASDAQ:CWST) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Casella Waste Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.3589168786177 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- Casella Waste Systems (CWST) versus Its Competitors Critical Analysis (americanbankingnews.com)
- “Subversive” rooftop cabin is shaped like a giant air duct to get around regulations (Video) (environmentguru.com)
- SWANA Recruiting Deputy Executive Director For Administration, Information Technology And Financial Management (environmentguru.com)
- Casella Waste Systems (CWST) Presents At UBS Industrials And Transportation Conference 2017 – Slideshow (seekingalpha.com)
- Zacks: Analysts Expect Casella Waste Systems, Inc. (CWST) Will Announce Quarterly Sales of $145.83 Million (americanbankingnews.com)
Several analysts have recently weighed in on CWST shares. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research note on Tuesday, November 7th. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Finally, Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Casella Waste Systems presently has a consensus rating of “Hold” and an average price target of $17.50.
Casella Waste Systems (NASDAQ:CWST) traded down $0.11 during trading hours on Friday, reaching $19.16. The company had a trading volume of 224,361 shares, compared to its average volume of 343,221. The firm has a market capitalization of $805.56, a P/E ratio of 31.82 and a beta of 0.69. Casella Waste Systems has a fifty-two week low of $11.15 and a fifty-two week high of $20.90. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $160.27 million during the quarter, compared to the consensus estimate of $154.61 million. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. analysts expect that Casella Waste Systems will post 0.64 earnings per share for the current fiscal year.
In related news, insider Edmond Coletta sold 7,000 shares of Casella Waste Systems stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $20.01, for a total value of $140,070.00. Following the completion of the transaction, the insider now directly owns 164,589 shares in the company, valued at $3,293,425.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Casella sold 62,433 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now owns 472,112 shares of the company’s stock, valued at $9,116,482.72. The disclosure for this sale can be found here. Insiders sold 103,433 shares of company stock valued at $1,960,021 over the last quarter. Insiders own 11.50% of the company’s stock.
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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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