Emily Nagle Green, a director at Casella Waste (NASDAQ:CWST) Systems Inc. (NASDAQ:CWST), reported a recent transaction involving the sale of company stock. On November 6, Green sold 745 shares of Class A Common Stock at a price of $105.14 per share, totaling approximately $78,329. Following this transaction, Green's directly owned shares amount to 6,763, with additional shares indirectly owned through the Jack Calvin Green Unelected Trust. The report also noted a gift of 3,000 shares to Lydia Green, which involved no monetary exchange.
In other recent news, Casella Waste Systems reported a notable increase in revenue and adjusted EBITDA for the third quarter of 2024. The company's revenue climbed by 16.7% year-over-year to reach $411.6 million, while adjusted EBITDA rose by 14.9% to $102.9 million. These gains were attributed to both the acquisition of Royal and organic growth. However, the company also faced challenges, including lower landfill volumes and rising expenses, which resulted in a decrease in adjusted net income to $15.9 million.
In terms of future developments, Casella anticipates a 12% to 15% growth in adjusted EBITDA and a 10% to 15% increase in free cash flow for 2025. The company has also raised over $500 million in financing for future mergers and acquisitions activities. Despite encountering issues such as unusual events impacting EBITDA and a decrease in landfill volumes, Casella remains optimistic about its prospects in 2025.
These recent developments highlight Casella Waste Systems' ability to navigate a complex market landscape with strategic acquisitions and operational improvements, as well as its resilience in the face of challenges. The company's positive outlook for 2025 and robust balance sheet indicate its commitment to sustained growth and market leadership.
InvestingPro Insights
As Casella Waste Systems Inc. (NASDAQ:CWST) director Emily Nagle Green's recent stock transaction catches investor attention, it's worth delving into some key financial metrics and expert insights to provide a more comprehensive view of the company's current standing.
According to InvestingPro data, Casella Waste Systems boasts a market capitalization of $6.73 billion, reflecting its significant presence in the waste management industry. The company's revenue for the last twelve months as of Q3 2023 stood at $1.49 billion, with an impressive revenue growth of 26.53% over the same period. This robust growth aligns with an InvestingPro Tip indicating that analysts anticipate sales growth in the current year, suggesting a positive trajectory for the company.
The stock's performance has been noteworthy, with a 37.31% price total return over the past year. Currently trading at $106.5 per share, CWST is near its 52-week high, with the price at 97.71% of its peak. This strong performance is complemented by another InvestingPro Tip highlighting that Casella has delivered a high return over the last decade, indicating consistent long-term value creation for shareholders.
However, investors should note that CWST is trading at a high earnings multiple, with a P/E ratio of 906.53. This valuation metric suggests that the market has high growth expectations for the company, which may be supported by the anticipated sales growth.
For those interested in a deeper analysis, InvestingPro offers 14 additional tips for Casella Waste Systems, providing a more comprehensive investment perspective. These insights can be particularly valuable given the company's recent insider transaction and its current market position.
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