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

Casella Waste Systems (NASDAQ:CWST) posted its quarterly earnings results on Monday. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07), FiscalAI reports. The business had revenue of $559.23 million for the quarter, compared to analysts’ expectations of $563.17 million. Casella Waste Systems had a negative net margin of 0.56% and a positive return on equity of 5.04%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share.

Casella Waste Systems Price Performance

CWST stock opened at $94.83 on Wednesday. The firm’s 50-day moving average price is $89.36 and its two-hundred day moving average price is $90.00. Casella Waste Systems has a 12-month low of $74.05 and a 12-month high of $107.96. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of -526.80 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.

Insider Activity

In other news, Director Michael Burke sold 1,100 shares of the stock in a transaction dated Thursday, September 3rd. The shares were 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 in the company, valued at approximately $1,299,441.66. This represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas Casella sold 15,157 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.05, for a total value of $1,380,044.85. Following the completion of the sale, the director directly owned 91,484 shares in the company, valued at $8,329,618.20. The trade was a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,895 shares of company stock valued at $1,728,744. Insiders own 3.78% of the company’s stock.

Trending Headlines about Casella Waste Systems

Here are the key news stories impacting Casella Waste Systems this week:

• Positive Sentiment: Deutsche Bank raised its price target to $100 from $95, while keeping a Hold rating. BofA Securities also lifted its target, to $94 from $91. Deutsche Bank Price Target Update
• Positive Sentiment: Third-quarter revenue grew 15.2% year over year to $559.2 million, reflecting continued business growth. Third-Quarter Results
• Neutral Sentiment: Casella’s FY 2026 revenue guidance is approximately $2.1 billion, in line with analyst expectations. FY 2026 Guidance Update
• Neutral Sentiment: CFO Bradford Helgeson sold 195 shares under a pre-arranged 10b5-1 plan to cover tax withholding on vested equity awards; he retained 7,147 shares. The small, tax-related sale is less likely to signal a change in his outlook. CFO Share Sale
• Negative Sentiment: Q3 adjusted earnings were $0.35 per share, below the $0.42 consensus and down from $0.42 a year earlier. Revenue of $559.2 million also fell short of the $563.2 million estimate. The earnings and sales misses are the main negative catalysts for CWST shares. Q3 Earnings and Revenue Miss

Analyst Ratings Changes

A number of research firms have recently weighed in on CWST. JPMorgan Chase & Co. boosted their target price on Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. UBS Group lowered Casella Waste Systems from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $122.00 to $95.00 in a research report on Wednesday, October 21st. Weiss Ratings cut Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 30th. Barclays boosted their price objective on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $106.00 price objective on shares of Casella Waste Systems in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.80.

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.