Casella Waste Systems (NASDAQ:CWST) Posts Earnings Results, Beats Expectations By $0.25 EPS

Casella Waste Systems (NASDAQ:CWST) released its earnings results on Wednesday. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.25, Zacks reports. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Casella Waste Systems updated its FY 2025 guidance to EPS.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded up $4.96 during trading on Friday, reaching $111.73. 117,621 shares of the company’s stock traded hands, compared to its average volume of 292,297. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems has a fifty-two week low of $84.45 and a fifty-two week high of $114.88. The company has a 50-day simple moving average of $107.60 and a 200-day simple moving average of $105.65. The firm has a market cap of $7.07 billion, a PE ratio of 926.75, a P/E/G ratio of 3.89 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

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.