Casella Waste Systems (CWST) Scheduled to Post Quarterly Earnings on Wednesday

Casella Waste Systems (NASDAQ:CWST) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Casella Waste Systems to post earnings of $0.28 per share for the quarter. Casella Waste Systems has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). The business had revenue of $377.20 million for the quarter, compared to analysts’ expectations of $373.87 million. Casella Waste Systems had a return on equity of 3.83% and a net margin of 1.35%. Casella Waste Systems’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $101.03 on Tuesday. The company has a market cap of $5.86 billion, a P/E ratio of 325.90, a P/E/G ratio of 7.90 and a beta of 0.99. Casella Waste Systems has a twelve month low of $73.81 and a twelve month high of $109.08. The company’s 50-day moving average price is $103.07 and its 200-day moving average price is $100.44. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CWST shares. Raymond James boosted their target price on Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 19th. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

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.