Casella Waste Systems (NASDAQ:CWST) Issues Quarterly Earnings Results

Casella Waste Systems (NASDAQ:CWST) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 Stock Down 0.7 %

Shares of NASDAQ CWST traded down $0.76 during trading on Wednesday, hitting $106.71. The stock had a trading volume of 327,946 shares, compared to its average volume of 293,513. The firm has a fifty day moving average of $107.79 and a two-hundred day moving average of $105.63. The company has a market capitalization of $6.76 billion, a PE ratio of 889.25, a PEG ratio of 3.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. Casella Waste Systems has a 12 month low of $84.45 and a 12 month high of $114.88.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CWST shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Casella Waste Systems Company Profile

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.