Waste Connections (NYSE:WCN - Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04), Zacks reports. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. Waste Connections updated its FY 2025 guidance to EPS.
Waste Connections Price Performance
Shares of NYSE:WCN traded up $0.23 on Friday, hitting $189.08. The company had a trading volume of 1,261,705 shares, compared to its average volume of 873,997. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $48.80 billion, a PE ratio of 51.94, a PEG ratio of 2.97 and a beta of 0.77. Waste Connections has a 52-week low of $160.34 and a 52-week high of $194.83. The business has a 50 day moving average of $179.36 and a 200 day moving average of $181.67.
Waste Connections Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections's dividend payout ratio (DPR) is 34.62%.
Analysts Set New Price Targets
Several analysts have recently commented on WCN shares. CIBC reduced their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Oppenheimer upped their price target on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. BMO Capital Markets cut their price target on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and a consensus target price of $201.00.
View Our Latest Report on Waste Connections
About Waste Connections
(
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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.
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