Zacks Research Has Positive Outlook for WCN FY2024 Earnings

Waste Connections, Inc. (NYSE:WCN) – Research analysts at Zacks Research raised their FY2024 earnings estimates for Waste Connections in a report released on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $4.83 per share for the year, up from their previous forecast 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.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year.

Several other brokerages also recently commented on WCN. Oppenheimer increased their price objective on shares of Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered their price objective on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Scotiabank assumed coverage on Waste Connections in a report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 target price for the company. Royal Bank of Canada increased their price objective on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Raymond James decreased their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Connections has an average rating of “Moderate Buy” and a consensus price target of $195.56.

Waste Connections Trading Down 0.1 %

NYSE WCN opened at $183.50 on Monday. Waste Connections has a 12 month low of $130.33 and a 12 month high of $188.30. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average price is $180.83 and its 200-day moving average price is $176.93. The stock has a market cap of $47.35 billion, a P/E ratio of 50.41, a P/E/G ratio of 3.06 and a beta of 0.72.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. Waste Connections’s payout ratio is currently 34.62%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Global Trust Asset Management LLC purchased a new stake in shares of Waste Connections in the third quarter worth $36,000. FSA Wealth Management LLC purchased a new position in shares of Waste Connections in the third quarter valued at about $40,000. Asset Dedication LLC bought a new position in shares of Waste Connections in the third quarter worth about $41,000. Continuum Advisory LLC grew 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 worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Waste Connections during the 1st quarter valued at approximately $43,000. 86.09% of the stock is currently owned by institutional investors.

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.