What is William Blair’s Forecast for CWST FY2024 Earnings?

Casella Waste Systems, Inc. (NASDAQ:CWST) – Equities researchers at William Blair raised their FY2024 EPS estimates for shares of Casella Waste Systems in a research note issued on Thursday, October 31st. William Blair analyst T. Romeo now forecasts that the industrial products company will post earnings per share of $0.61 for the year, up from their prior estimate of $0.59. William Blair has a “Outperform” rating on the stock. The consensus estimate for Casella Waste Systems’ current full-year earnings is $0.62 per share. William Blair also issued estimates for Casella Waste Systems’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.02 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.00 EPS.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.42% and a net margin of 0.46%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share.

CWST has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday. Raymond James boosted their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price objective (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Stock Up 0.1 %

CWST stock opened at $99.45 on Monday. Casella Waste Systems has a twelve month low of $76.67 and a twelve month high of $109.08. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a market cap of $5.78 billion, a PE ratio of 828.75, a price-to-earnings-growth ratio of 7.80 and a beta of 0.99. The business’s 50-day simple moving average is $102.61 and its 200 day simple moving average is $100.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Casella Waste Systems by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock worth $547,385,000 after buying an additional 57,540 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Casella Waste Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock valued at $336,055,000 after purchasing an additional 101,995 shares in the last quarter. Earnest Partners LLC raised its position in Casella Waste Systems by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock valued at $166,725,000 after purchasing an additional 51,516 shares during the last quarter. Geneva Capital Management LLC boosted its stake in Casella Waste Systems by 9.3% in the first quarter. Geneva Capital Management LLC now owns 1,062,203 shares of the industrial products company’s stock worth $105,020,000 after purchasing an additional 90,161 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Casella Waste Systems by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after purchasing an additional 26,189 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

About Casella Waste Systems

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.