Press coverage about Casella Waste Systems (NASDAQ:CWST) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Casella Waste Systems earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.2736381736997 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Critical Review: Casella Waste Systems (CWST) & Its Rivals (americanbankingnews.com)
- Why Shares of Casella Waste Systems Popped 16% in November (finance.yahoo.com)
- Analyzing Casella Waste Systems (CWST) & Its Rivals (americanbankingnews.com)
- Casella Waste Systems (CWST) vs. Its Rivals Head-To-Head Review (americanbankingnews.com)
Several equities analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Casella Waste Systems presently has a consensus rating of “Buy” and a consensus target price of $18.00.
Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company had revenue of $160.27 million during the quarter, compared to analysts’ expectations of $154.61 million. During the same period last year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts expect that Casella Waste Systems will post 0.64 earnings per share for the current year.
In other Casella Waste Systems news, Director Gregory B. Peters sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $19.83, for a total value of $49,575.00. Following the completion of the transaction, the director now directly owns 96,591 shares in the company, valued at $1,915,399.53. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael K. Burke sold 31,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $17.93, for a total transaction of $564,795.00. Following the completion of the transaction, the director now owns 116,514 shares of the company’s stock, valued at $2,089,096.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,933 shares of company stock valued at $2,245,196. Corporate insiders own 11.47% of the company’s stock.
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Casella Waste Systems Company Profile
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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