CWST is a company in the United States that collects solid waste and helps manage resources.
Casella provides services for picking up, getting rid of, moving, and recycling trash. The company serves about 150,000 business, residential, and government customers across 40 states.
But its main operations are in Massachusetts, Maine, New Hampshire, New York, Vermont, and Pennsylvania. Even though the company doesn’t pay dividends, the growth of its earnings per share (EPS) could be a good reason to buy shares.
In the last three years, the waste management company’s earnings per share (EPS) have grown by 15% each year. But in the fourth quarter of 2022, the company missed EPS by nearly 25%, which broke the spell. Even though EPS was lower than expected, investors didn’t sell out, and the company didn’t have to be sold.
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The company is in a similar situation to WM, where investors may be too sure about long-term returns. What happened in the past doesn’t mean what will happen in the future. If CWST can get its EPS back up to where it was or grow it, things could get better for its shareholders.
The performance of its share price is another reason to love CWST. Like the rest of the industry, the value of this stock has held up very well over time. Its success is definitely something to be envious of. Since its low point in 2008, the company has given investors close to a 13,000% return.
Since the Great Recession, garbage processors have made five-figure incomes.