Revenue Update on Casella Waste Systems(NASDAQ:CWST)

Casella Waste Systems(NASDAQ:CWST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $144.67M. Analysts estimated a revenue of $145.37M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.05.

In a different note, On May 9, 2016, Stifel Nicolaus said it Upgrades its rating on Casella Waste Systems. The shares have been rated ‘Buy’ by the firm.

Casella Waste Systems (CWST) shares turned negative on Thursdays trading session with the shares closing down -0.2 points or -2.12% at a volume of 1,91,440. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.49. The peak price level was also seen at $9.49 while the days lowest was $9.23. Finally the shares closed at $9.24. The 52-week high of the shares is $9.57 while the 52-week low is $4.97. According to the latest information available, the market cap of the company is $383 M.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Edwin D Johnson (President & COO) sold 6,491 shares at $7.56 per share price.Also, On Jun 30, 2016, John W Casella (Chief Executive Officer) sold 9,003 shares at $7.56 per share price.On Jun 30, 2016, David L Schmitt (General Counsel & Senior VP) sold 2,376 shares at $7.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Casella Waste Systems Inc. is a solid waste services company. The Company is engaged in the provision of 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. Its operating segments include Eastern and Western engaged in providing solid waste services; Recycling consisting of the Company’s recycling operations and commodity brokerage operations and Other including organic services ancillary operations and industrial services. It provides integrated solid waste services in six states: Vermont New Hampshire New York Massachusetts Maine and Pennsylvania. As of January 30 2015 the Company owned or operated 35 solid waste collection operations 44 transfer stations 18 recycling facilities nine Subtitle D landfills four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition materials.

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