Casella Waste Systems Inc. (CWST) Announces Quarterly Results, Beats Estimates By $0.03 EPS
Monday, August 29, 2021 5:05 PM

Casella Waste Systems Inc. (CWST) announced its quarterly results on Monday. The company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.03. The company’s quarterly revenue was up 4.3% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Casella Waste Systems Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Monday, August 22nd. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) cut their price target on shares of Casella Waste Systems Inc. to $6.50 in a research note to investors on Friday, June 17th.

Shares of Casella Waste Systems Inc. (CWST) traded up 7.98% during mid-day trading on Monday, hitting $5.55. Casella Waste Systems Inc. (CWST) has a 52 week low of $4.13 and a 52 week high of $8.29. The stock's 50-day moving average is $5.80 and its 200-day moving average is $6.38. The company has a market cap of $148.3 million and a price-to-earnings ratio of 3.49.

Casella Waste Systems, Inc. is a vertically integrated company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection, transfer, disposal and recycling services. It operates in 14 states. The Company operates vertically integrated solid waste operations in Vermont, New Hampshire, New York, Massachusetts, Maine, and materials processing facilities in Connecticut, Pennsylvania, New Jersey, North Carolina, Tennessee, Georgia, Florida, Michigan and Wisconsin. As of May 31, 2010, the Company owned and/or operated 32 solid waste collection operations, 31 transfer stations, 35 recycling facilities, eight Subtitle D landfills, one landfill permitted to accept construction and demolition materials, and one waste-to-energy facility.

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