FY2024 EPS Forecast for Waste Connections Lifted by Analyst

Waste Connections, Inc. (NYSE:WCN - Free Report) - Zacks Research boosted their FY2024 EPS estimates for shares of Waste Connections in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the business services provider will earn $4.83 per share for the year, up from their previous estimate of $4.79. The consensus estimate for Waste Connections' current full-year earnings is $4.84 per share. Zacks Research also issued estimates for Waste Connections' Q3 2025 earnings at $1.45 EPS, FY2025 earnings at $5.35 EPS, Q1 2026 earnings at $1.53 EPS and Q2 2026 earnings at $1.56 EPS.

WCN has been the topic of a number of other research reports. BMO Capital Markets dropped their price target on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Scotiabank initiated coverage on shares of Waste Connections in a research note on Friday, October 4th. They issued a "sector perform" rating and a $196.00 price objective for the company. CIBC lifted their target price on shares of Waste Connections from $191.00 to $193.00 and gave the company an "outperformer" rating in a research report on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, Citigroup lifted their price objective on Waste Connections from $190.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.56.

Waste Connections Stock Up 1.4 %

Shares of NYSE WCN traded up $2.51 during trading hours on Monday, hitting $186.01. The stock had a trading volume of 938,524 shares, compared to its average volume of 886,780. The company has a market capitalization of $48.00 billion, a P/E ratio of 50.80, a P/E/G ratio of 3.06 and a beta of 0.72. The firm's 50-day moving average price is $180.83 and its two-hundred day moving average price is $176.93. Waste Connections has a 52 week low of $130.33 and a 52 week high of $188.30. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $1.17 earnings per share. Waste Connections's quarterly revenue was up 13.3% compared to the same quarter last year.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds and other institutional investors have recently bought and sold shares of WCN. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC purchased a new position in Waste Connections during the 3rd quarter valued at about $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections during the third quarter valued at about $41,000. Continuum Advisory LLC increased 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 valued at $42,000 after buying an additional 83 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Waste Connections in the first quarter worth about $43,000. Institutional investors own 86.09% of the company's stock.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a $0.315 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.26 annualized dividend and a dividend yield of 0.68%. This is a positive change from Waste Connections's previous quarterly dividend of $0.29. Waste Connections's payout ratio is 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.