In today’s recent session, 1.1 million shares of the Casella Waste Systems, Inc. (NASDAQ:CWST) have been traded, and its beta is 1.00. Most recently the company’s share price was $100.38, and it changed around -$6.35 or -5.95% from the last close, which brings the market valuation of the company to $5.83B. CWST at last check was trading at a discount to its 52-week high of $109.08, offering almost -8.67% off that amount. The share price’s 52-week low was $72.97, which indicates that the recent value has risen by an impressive 27.31% since then. We note from Casella Waste Systems, Inc.’s average daily trading volume that its 10-day average is 0.2 million shares, with the 3-month average coming to 300.51K.
Casella Waste Systems, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.78. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended CWST as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Casella Waste Systems, Inc. is expected to report earnings per share of 0.27 for the current quarter.
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Casella Waste Systems, Inc. (NASDAQ:CWST) trade information
Instantly CWST has been showing red trend so far today with a performance of -5.95% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 109.08 on recent trading dayincreased the stock’s daily price by 7.98%. The company’s shares are currently up 17.45% year-to-date, but still down -4.18% over the last five days. On the other hand, Casella Waste Systems, Inc. (NASDAQ:CWST) is -5.16% down in the 30-day period. We can see from the shorts that 2.21 million shares have been sold at a short interest cover period of 8.12 day(s).
The consensus price target as assigned by Wall Street analysts is $115.5, which translates to bulls needing to increase their stock price by 13.09% from its current value. Analyst projections state that CWST is forecast to be at a low of $93 and a high of $124.
Casella Waste Systems, Inc. (CWST) estimates and forecasts
Casella Waste Systems, Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.25 percent over the past six months and at a -39.36% annual growth rate that is well below the industry average of 19.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -22.90% in revenue this quarter, and will report a decrease of -15.40% in the next quarter. The year-over-year growth rate is expected to be 21.50%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 412.52M in revenue for the current quarter. 7 analysts expect Casella Waste Systems, Inc. to make 405.24M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 360.66M and 359.57M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.40%. Forecasts for the next quarter put sales growth at 12.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.88%. Casella Waste Systems, Inc. earnings are expected to increase by -37.76% in 2024, but the outlook is positive 14.90% per year for the next five years.
CWST Dividends
Casella Waste Systems, Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-30.
Casella Waste Systems, Inc. (NASDAQ:CWST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.79% of Casella Waste Systems, Inc. shares, and 106.59% of them are in the hands of institutional investors. The stock currently has a share float of 107.44%. Casella Waste Systems, Inc. stock is held by 437.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5367% of the shares, which is about 5.53 million shares worth $549.1 million.
BLACKROCK INC., with 7.0806% or 4.11 million shares worth $407.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Conestoga Small Cap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 1.93 shares worth $193.65 million, making up 3.39% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.8 shares worth around $180.52 million, which represents about 3.16% of the total shares outstanding.
