Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $99.02, but opened at $89.15. Casella Waste Systems shares last traded at $93.8380, with a volume of 102,781 shares traded.
The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%. The business had revenue of $559.23 million during the quarter, compared to the consensus estimate of $563.17 million. During the same period last year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year.
More Casella Waste Systems News
Here are the key news stories impacting Casella Waste Systems this week:
- Positive Sentiment: Third-quarter revenue increased 15.2% year over year to $559.23 million, showing continued top-line growth. Casella Waste Systems Announces Third Quarter 2026 Results
- Neutral Sentiment: Casella updated its FY 2026 revenue guidance to $2.1 billion, matching the consensus estimate; the update does not indicate a revenue outlook surprise. Casella Updates Fiscal 2026 Earnings Guidance
- Negative Sentiment: Third-quarter adjusted earnings were $0.35 per share, below the $0.42 analyst consensus, while revenue of $559.23 million also missed expectations of $563.17 million. Earnings per share were down from $0.42 a year earlier, making the dual miss the main negative catalyst. Casella Waste Systems Falls on Earnings and Revenue Miss
Wall Street Analysts Forecast Growth
CWST has been the topic of several research analyst reports. Barclays raised their target price on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings cut shares of Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. UBS Group lowered shares of Casella Waste Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $122.00 to $95.00 in a research note on Wednesday, October 21st. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $106.00 target price on shares of Casella Waste Systems in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.80.
Get Our Latest Stock Analysis on Casella Waste Systems
Insider Activity
In other news, Director Michael K. Burke sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total transaction of $104,786.00. Following the completion of the sale, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. This trade represents a 7.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas R. Casella sold 1,343 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $91.12, for a total value of $122,374.16. Following the completion of the transaction, the director owned 90,141 shares of the company’s stock, valued at $8,213,647.92. This trade represents a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,700 shares of company stock worth $1,709,494. 3.78% of the stock is owned by company insiders.
Institutional Trading of Casella Waste Systems
Large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in shares of Casella Waste Systems by 36.8% in the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after buying an additional 949,374 shares during the period. Wellington Management Group LLP raised its position in Casella Waste Systems by 6.6% during the second quarter. Wellington Management Group LLP now owns 1,292,101 shares of the industrial products company’s stock valued at $125,295,000 after buying an additional 80,299 shares during the period. Dimensional Fund Advisors LP lifted its stake in Casella Waste Systems by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,067,132 shares of the industrial products company’s stock worth $84,663,000 after acquiring an additional 31,471 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Casella Waste Systems by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,890 shares of the industrial products company’s stock worth $58,863,000 after acquiring an additional 22,270 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Casella Waste Systems by 5,715.3% during the 1st quarter. Fifth Third Bancorp now owns 387,531 shares of the industrial products company’s stock worth $30,747,000 after acquiring an additional 380,867 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.
Casella Waste Systems Price Performance
The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 1,034.14 and a beta of 0.71. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $89.34 and a 200 day simple moving average of $90.07.
About Casella Waste Systems
Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients.
The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.
Founded in 1975 by brothers John and Douglas Casella, the company is headquartered in Rutland, Vermont.
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