FY2024 EPS Forecast for Waste Connections Lifted by Analyst

Waste Connections, Inc. (TSE:WCN) – Stock analysts at Zacks Research increased their FY2024 earnings per share estimates for Waste Connections in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $6.75 for the year, up from their previous forecast of $6.57. The consensus estimate for Waste Connections’ current full-year earnings is $9.98 per share. Zacks Research also issued estimates for Waste Connections’ Q4 2024 earnings at $1.68 EPS, Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $7.48 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $8.47 EPS.

Other equities research analysts have also recently issued reports about the company. Eight Capital set a C$270.00 price target on Waste Connections and gave the company a “neutral” rating in a report on Wednesday, October 9th. ATB Capital raised their target price on Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Finally, Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently 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$258.61 on Monday. The stock has a market capitalization of C$66.72 billion, a price-to-earnings ratio of 57.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The business’s fifty day moving average price is C$248.58 and its two-hundred day moving average price is C$241.73. Waste Connections has a fifty-two week low of C$178.43 and a fifty-two week high of C$263.78. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders 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 0.66%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, November 7th. Waste Connections’s payout ratio is 34.37%.

Insiders Place Their Bets

In other news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total value of C$260,625.00. Also, Director Edward E. Guillet sold 8,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of C$249.52, for a total value of C$1,996,164.00. Insiders sold a total of 9,571 shares of company stock valued at $2,400,841 in the last quarter. 0.21% of the stock is currently owned by insiders.

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.