TSE:WCN FY2024 EPS Estimate Increased by Zacks Research

Waste Connections, Inc. (TSE:WCN) – Stock analysts at Zacks Research raised their FY2024 earnings estimates for shares of Waste Connections in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the company will earn $6.75 per share for the year, up from their prior estimate 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 also recently issued reports about the company. Scotiabank upgraded Waste Connections to a “hold” rating in a report on Friday, October 4th. Eight Capital set a C$270.00 price target on shares of Waste Connections and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, ATB Capital increased their price objective on shares of Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$205.10.

Waste Connections Stock Performance

Waste Connections stock opened at C$258.61 on Monday. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. Waste Connections has a one year low of C$178.43 and a one year high of C$263.78. The stock’s 50 day moving average price is C$248.58 and its 200 day moving average price is C$241.73. The firm has a market capitalization of C$66.72 billion, a PE ratio of 57.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a $0.426 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 0.66%. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s payout ratio is currently 34.37%.

Insider Transactions at Waste Connections

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

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.