Q4 EPS Forecast for Waste Connections Decreased by Analyst

Waste Connections, Inc. (NYSE:WCN - Free Report) - Equities researchers at Zacks Research reduced their Q4 2024 earnings estimates for shares of Waste Connections in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the business services provider will post earnings per share of $1.20 for the quarter, down from their previous estimate of $1.22. The consensus estimate for Waste Connections' current full-year earnings is $4.84 per share. Zacks Research also issued estimates for Waste Connections' Q3 2026 earnings at $1.57 EPS and FY2026 earnings at $6.06 EPS.

A number of other brokerages have also weighed in on WCN. Eight Capital upgraded shares of Waste Connections to a "hold" rating in a report on Wednesday, October 9th. Stifel Nicolaus reissued a "buy" rating and issued a $205.00 target price (up from $200.00) on shares of Waste Connections in a research report on Friday, October 25th. CIBC raised their price objective on Waste Connections from $191.00 to $193.00 and gave the stock an "outperformer" rating in a research note on Friday, July 26th. BMO Capital Markets lowered their target price on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Citigroup upped their price target on Waste Connections from $190.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.56.

Waste Connections Stock Down 0.1 %

Waste Connections stock traded down $0.23 during mid-day trading on Friday, hitting $183.50. The company had a trading volume of 1,168,060 shares, compared to its average volume of 886,310. The stock's 50 day moving average price is $180.81 and its two-hundred day moving average price is $176.60. 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 capitalization of $47.35 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. Waste Connections has a 12 month low of $130.33 and a 12 month high of $188.30.

Waste Connections (NYSE:WCN - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis.

Institutional Investors Weigh In On Waste Connections

A number of large investors have recently modified their holdings of the business. Global Trust Asset Management LLC purchased a new position in Waste Connections during the 3rd quarter valued at about $36,000. FSA Wealth Management LLC acquired a new stake in Waste Connections in the 3rd quarter valued at about $40,000. Asset Dedication LLC purchased a new position in shares of Waste Connections in the 3rd quarter valued at about $41,000. Continuum Advisory LLC grew its position in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock worth $42,000 after buying an additional 83 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Waste Connections during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.69%. This is a boost from Waste Connections's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, November 7th. Waste Connections's payout ratio is presently 34.62%.

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.