Waste Connections (WCN) Scheduled to Post Earnings on Wednesday

Waste Connections (NYSE:WCN - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.31 per share for the quarter. Waste Connections has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.07. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm posted $1.02 EPS. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts expect Waste Connections to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Waste Connections Stock Down 0.1 %

Shares of NYSE WCN traded down $0.16 on Wednesday, hitting $181.87. The company had a trading volume of 469,581 shares, compared to its average volume of 888,119. The firm has a market capitalization of $46.93 billion, a P/E ratio of 59.10, a PEG ratio of 2.90 and a beta of 0.72. Waste Connections has a 12-month low of $126.12 and a 12-month high of $187.54. The business has a 50 day moving average of $181.99 and a two-hundred day moving average of $174.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were paid a $0.285 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 annualized dividend and a dividend yield of 0.63%. Waste Connections's dividend payout ratio (DPR) is presently 37.01%.

Analyst Ratings Changes

Several research firms recently issued reports on WCN. CIBC upped their price target on shares of Waste Connections from $191.00 to $193.00 and gave the company an "outperformer" rating in a report on Friday, July 26th. BMO Capital Markets increased their price objective on Waste Connections from $196.00 to $198.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Eight Capital upgraded shares of Waste Connections to a "hold" rating in a research report on Wednesday, October 9th. Raymond James raised their target price on Waste Connections from $190.00 to $207.00 and gave the company a "strong-buy" rating in a research note on Monday, July 22nd. Finally, TD Cowen lifted their price target on shares of Waste Connections from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $191.53.

Insider Activity

In other Waste Connections news, SVP Philip Rivard sold 2,300 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $174.75, for a total value of $401,925.00. Following the completion of the sale, the senior vice president now owns 1,226 shares in the company, valued at $214,243.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Waste Connections news, SVP Philip Rivard sold 2,300 shares of Waste Connections stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $174.75, for a total value of $401,925.00. Following the completion of the sale, the senior vice president now directly owns 1,226 shares in the company, valued at $214,243.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mary Anne Whitney sold 16,300 shares of the firm's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the transaction, the chief financial officer now owns 48,899 shares in the company, valued at $8,706,466.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,600 shares of company stock worth $3,842,550 in the last 90 days. Company insiders own 0.31% of the company's stock.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.