Casella Waste Systems (NASDAQ:CWST) posted its earnings results on Thursday. The industrial products company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21, Briefing.com reports. The company had revenue of $193.62 million for the quarter, compared to analyst estimates of $193.34 million. Casella Waste Systems had a net margin of 4.26% and a return on equity of 42.04%. Casella Waste Systems’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Casella Waste Systems updated its FY 2020
After-Hours guidance to EPS.
Shares of CWST stock opened at $53.54 on Friday. The firm’s 50 day moving average price is $50.62 and its 200-day moving average price is $45.84. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.84 and a current ratio of 0.90. Casella Waste Systems has a one year low of $32.07 and a one year high of $56.14. The firm has a market cap of $2.63 billion, a P/E ratio of 81.12 and a beta of 0.72.
In other news, Director Emily Nagle Green sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $46.11, for a total value of $115,275.00. Following the transaction, the director now directly owns 30,988 shares in the company, valued at approximately $1,428,856.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.65% of the company’s stock.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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