FY2024 EPS Estimates for TSE:WCN Lifted by Zacks Research

Waste Connections, Inc. (TSE:WCN - Free Report) - Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Waste Connections in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the company will post earnings of $6.75 per share for the year, up from their previous estimate of $6.57. The consensus estimate for Waste Connections' current full-year earnings is $9.98 per share. Zacks Research also issued estimates for Waste Connections' Q4 2024 earnings at $1.68 EPS, Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $7.48 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $8.47 EPS.

Other research analysts have also issued research reports about the stock. Scotiabank upgraded shares of Waste Connections to a "hold" rating in a research note on Friday, October 4th. ATB Capital upped their price target on Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Finally, Eight Capital set a C$270.00 price objective on Waste Connections and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$205.10.

Waste Connections Stock Up 0.8 %

WCN traded up C$2.03 on Monday, hitting C$260.64. The company had a trading volume of 241,771 shares, compared to its average volume of 236,264. The stock has a market capitalization of C$67.24 billion, a price-to-earnings ratio of 57.34, a P/E/G ratio of 2.22 and a beta of 0.72. The stock has a fifty day moving average price of C$248.58 and a 200-day moving average price of C$241.73. Waste Connections has a 12-month low of C$178.43 and a 12-month high of C$263.78. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.426 per share. This is an increase from Waste Connections's previous quarterly dividend of $0.39. This represents a $1.70 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, November 7th. Waste Connections's dividend payout ratio (DPR) is currently 34.37%.

Insider Buying and Selling at Waste Connections

In related news, Director Edward E. Guillet sold 8,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 571 shares of Waste Connections stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$252.28, for a total transaction of C$144,051.88. In the last quarter, insiders sold 9,571 shares of company stock worth $2,400,841. Insiders own 0.21% 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.