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

Waste Connections (TSE:WCN) will issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of C$1.80 per share for the quarter.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$1.70 earnings per share for the quarter, beating the consensus estimate of C$1.61 by C$0.09. The business had revenue of C$3.08 billion during the quarter, compared to analysts’ expectations of C$3.03 billion. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%.

Waste Connections Price Performance

TSE:WCN opened at C$251.01 on Wednesday. The firm has a market capitalization of C$64.76 billion, a price-to-earnings ratio of 55.66, a PEG ratio of 2.22 and a beta of 0.72. Waste Connections has a 1 year low of C$174.74 and a 1 year high of C$253.95. The business has a 50 day simple moving average of C$247.49 and a 200-day simple moving average of C$238.37. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.62%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio (DPR) is presently 34.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WCN shares. Eight Capital set a C$270.00 price target on Waste Connections and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank upgraded Waste Connections to a “hold” rating in a report on Friday, October 4th. Finally, ATB Capital lifted their price target on Waste Connections from C$240.00 to C$255.00 in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections currently has an average rating of “Hold” and an average target price of C$208.42.

Insider Buying and Selling

In other Waste Connections news, Senior Officer Philip Rivard sold 2,300 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of C$174.75, for a total transaction of C$401,925.00. In other Waste Connections news, Director Edward E. Guillet sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Philip Rivard sold 2,300 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of C$174.75, for a total value of C$401,925.00. Insiders have sold a total of 30,671 shares of company stock worth $6,073,683 in the last ninety days. 0.21% of the stock is owned by insiders.

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.