Douglas R. Casella Sells 6,978 Shares of Casella Waste Systems Inc. (CWST) Stock
Casella Waste Systems Inc. (NASDAQ:CWST) Vice Chairman Douglas R. Casella sold 6,978 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.45, for a total value of $184,568.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Casella Waste Systems Inc. (NASDAQ:CWST) opened at $24.87 on Friday. Casella Waste Systems Inc. has a 52-week low of $12.25 and a 52-week high of $27.38. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. The firm has a market cap of $1,045.61, a P/E ratio of 37.12 and a beta of 0.79.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Casella Waste Systems had a negative return on equity of 54.47% and a negative net margin of 3.64%. The firm had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $145.30 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts anticipate that Casella Waste Systems Inc. will post 0.75 earnings per share for the current year.
Several research firms have issued reports on CWST. TheStreet raised Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday. Zacks Investment Research cut Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, January 24th. Finally, BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Casella Waste Systems presently has an average rating of “Buy” and an average target price of $23.25.
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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