Waste Connections (WCN) Set to Announce Quarterly Earnings on Wednesday

Waste Connections (NYSE:WCN) is scheduled 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.Investors interested in registering for the company’s conference call can do so using this link.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue 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 0.5 %

Shares of Waste Connections stock opened at $181.70 on Tuesday. 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 has a 12 month low of $126.12 and a 12 month high of $187.54. The business has a fifty day simple moving average of $182.17 and a 200 day simple moving average of $174.92. The stock has a market cap of $46.88 billion, a PE ratio of 58.99, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were paid a dividend of $0.285 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.63%. Waste Connections’s dividend payout ratio (DPR) is presently 37.01%.

Insider Buying and Selling

In related news, SVP Robert Nielsen III sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the sale, the senior vice president now owns 4,321 shares in the company, valued at approximately $778,428.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Waste Connections news, SVP Robert Nielsen III sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total value of $180,150.00. Following the sale, the senior vice president now owns 4,321 shares in the company, valued at $778,428.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Mary Anne Whitney sold 16,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of the sale, 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. Over the last quarter, insiders have sold 21,600 shares of company stock worth $3,842,550. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WCN shares. Raymond James lifted their price objective on Waste Connections from $190.00 to $207.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 22nd. Citigroup boosted their target price on Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on Waste Connections from $175.00 to $198.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Scotiabank assumed coverage on Waste Connections in a research note on Friday, October 4th. They issued a “sector perform” rating and a $196.00 target price for the company. Finally, TD Cowen boosted their target price on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Six equities 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. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and an average price target of $194.19.

Waste Connections Company Profile

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.