Wunderlich upbeat for WCA Waste Corporation
By Benzinga Staff
August 05, 2010 3:03 PM
August 05, 2010 3:03 PM
Wunderlich Securities published a research report on WCA Waste Corporation (NASDAQ: WCAA) earlier this morning, and they think there is an improving trend in the company. Wunderlich Securities maintained their Hold rating and $4.50 price target on shares of WCA Waste (WCAA).
The 2Q10 results showed that the impacts of 1Q10 were non-recurring. Revenues shot up 15% in 2Q10 versus only a 4% increase in 2Q09. This puts WCAA on track to achieve its fiscal year 2010 revenue and earnings before interest, taxes, depreciation and amortization guidance of $225 million and $55 million respectively.
The catalyst for a rating change would be the return to positive free cash flow, in Wunderlich's view. WCAA is up %0.54 as of 4PM EDT.
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