Casella Waste Systems (CWST) Releases Earnings Results, Beats Expectations By $0.07 EPS

Casella Waste Systems (CWST) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.05. The company posted revenue of $144.67 million in the period, compared to analysts expectations of $145.37 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Casella Waste Systems. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $8.50 .Company shares were Reiterated by First Analysis Sec on Jun 17, 2016 to “Overweight”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .Stifel Upgraded Casella Waste Systems on May 9, 2016 to ” Buy”, Price Target of the shares are set at $8.50.

Casella Waste Systems closed down -0.12 points or -1.34% at $8.85 with 1,75,319 shares getting traded on Thursday. Post opening the session at $9.01, the shares hit an intraday low of $8.85 and an intraday high of $9.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 30, 2016, Edwin D Johnson (President & COO) sold 6,491 shares at $7.56 per share price. According to the SEC, on Jun 30, 2016, John W Casella (Chief Executive Officer) sold 9,003 shares at $7.56 per share price. On Jun 30, 2016, David L Schmitt (General Counsel & Senior VP) sold 2,376 shares at $7.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Casella Waste Systems Inc. is a solid waste services company. The Company is engaged in the provision of 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. Its operating segments include Eastern and Western engaged in providing solid waste services; Recycling consisting of the Company’s recycling operations and commodity brokerage operations and Other including organic services ancillary operations and industrial services. It provides integrated solid waste services in six states: Vermont New Hampshire New York Massachusetts Maine and Pennsylvania. As of January 30 2015 the Company owned or operated 35 solid waste collection operations 44 transfer stations 18 recycling facilities nine Subtitle D landfills four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials.

Casella Waste Systems

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