FY2024 EPS Estimates for TSE:WCN Lifted by Atb Cap Markets

Waste Connections, Inc. (TSE:WCN) – Research analysts at Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for Waste Connections in a report issued on Thursday, October 24th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $6.65 per share for the year, up from their prior forecast of $6.62. The consensus estimate for Waste Connections’ current full-year earnings is $9.98 per share. Atb Cap Markets also issued estimates for Waste Connections’ Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $2.19 EPS and FY2026 earnings at $8.13 EPS.

Several other brokerages also recently weighed in on WCN. Scotiabank upgraded Waste Connections to a “hold” rating in a research note on Friday, October 4th. ATB Capital increased their price objective on Waste Connections from C$255.00 to C$260.00 in a research report on Friday. Finally, Eight Capital set a C$270.00 price objective on shares of Waste Connections and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$205.10.

Waste Connections Stock Performance

Shares of TSE WCN opened at C$244.45 on Monday. The business’s 50-day simple moving average is C$247.89 and its 200-day simple moving average is C$239.38. Waste Connections has a 52 week low of C$174.74 and a 52 week high of C$253.95. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. The firm has a market cap of C$63.06 billion, a price-to-earnings ratio of 54.20, a P/E/G ratio of 2.22 and a beta of 0.72.

Insider Buying and Selling

In other news, Senior Officer Mary Anne Whitney sold 16,300 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of C$178.05, for a total transaction of C$2,902,254.12. In related news, Senior Officer Susan Rhea Netherton sold 2,000 shares of Waste Connections stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of C$179.13, for a total value of C$358,262.60. Also, Senior Officer Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of C$178.05, for a total value of C$2,902,254.12. Insiders have sold a total of 30,671 shares of company stock worth $6,073,683 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, November 7th. Waste Connections’s payout ratio is currently 34.37%.

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.