Media stories about Casella Waste Systems (NASDAQ:CWST) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casella Waste Systems earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.6281821908052 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Casella Waste Systems (CWST) Downgraded by BidaskClub to “Buy” (americanbankingnews.com)
- Research Analysts Offer Predictions for Casella Waste Systems Inc.’s FY2018 Earnings (CWST) (americanbankingnews.com)
- Casella Waste Systems Inc. (CWST) Director William P. Hulligan Sells 20,000 Shares (americanbankingnews.com)
- Casella Waste Systems Inc. Expected to Earn FY2022 Earnings of $0.80 Per Share (CWST) (americanbankingnews.com)
A number of brokerages recently issued reports on CWST. BidaskClub lowered Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. ValuEngine upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet upgraded Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday, March 1st. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.25.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). Casella Waste Systems had a negative net margin of 3.64% and a negative return on equity of 58.61%. The business had revenue of $151.20 million for the quarter, compared to analysts’ expectations of $145.30 million. During the same quarter in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts anticipate that Casella Waste Systems will post 0.73 earnings per share for the current year.
In other news, VP Christopher Heald sold 2,883 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $26.51, for a total transaction of $76,428.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Edwin D. Johnson sold 99,091 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $21.01, for a total value of $2,081,901.91. Following the sale, the chief operating officer now owns 469,500 shares of the company’s stock, valued at approximately $9,864,195. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,084 shares of company stock valued at $4,307,486. Company insiders own 11.47% of the company’s stock.
About Casella Waste Systems
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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