Progressive Waste Solutions Ltd. (NYSE:WCN) – Investment analysts at Wedbush lowered their FY2016 EPS estimates for Progressive Waste Solutions in a note issued to investors on Thursday. Wedbush analyst A. Kaschalk now expects that the brokerage will earn $2.55 per share for the year, down from their prior forecast of $2.56. Wedbush currently has a “Outperform” rating and a $80.00 target price on the stock. Wedbush also issued estimates for Progressive Waste Solutions’ Q4 2016 earnings at $0.66 EPS, Q1 2017 earnings at $0.63 EPS, Q2 2017 earnings at $0.77 EPS, Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $2.90 EPS, Q1 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.88 EPS, FY2018 earnings at $3.16 EPS, FY2019 earnings at $3.33 EPS and FY2020 earnings at $3.50 EPS.

Progressive Waste Solutions (NYSE:WCN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. The company had revenue of $727.60 million for the quarter, compared to analysts’ expectations of $713.58 million. Progressive Waste Solutions had a net margin of 4.33% and a return on equity of 8.84%. Progressive Waste Solutions’s revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS.

Earnings History and Estimates for Progressive Waste Solutions (NYSE:WCN)

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Progressive Waste Solutions from a “hold” rating to a “sell” rating in a research note on Friday. Macquarie began coverage on shares of Progressive Waste Solutions in a research note on Thursday, August 25th. They set an “outperform” rating and a $89.00 target price for the company. Gabelli raised shares of Progressive Waste Solutions from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. TD Securities reaffirmed a “hold” rating and set a $78.00 target price on shares of Progressive Waste Solutions in a research note on Wednesday, August 10th. Finally, Barclays PLC raised their target price on shares of Progressive Waste Solutions from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $73.18.

Shares of Progressive Waste Solutions (NYSE:WCN) opened at 74.21 on Friday. Progressive Waste Solutions has a 12-month low of $50.64 and a 12-month high of $79.72. The company has a 50 day moving average of $75.25 and a 200-day moving average of $71.86. The company’s market cap is $12.96 billion.

In other Progressive Waste Solutions news, COO Darrell W. Chambliss sold 2,000 shares of Progressive Waste Solutions stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $77.42, for a total value of $154,840.00. Following the sale, the chief operating officer now directly owns 147,068 shares in the company, valued at approximately $11,386,004.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William J. Razzouk sold 4,400 shares of Progressive Waste Solutions stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $78.69, for a total transaction of $346,236.00. Following the completion of the sale, the director now owns 12,344 shares in the company, valued at $971,349.36. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. LMR Partners LLP bought a new stake in shares of Progressive Waste Solutions during the second quarter worth about $17,833,000. A.R.T. Advisors LLC increased its stake in Progressive Waste Solutions by 33.1% in the first quarter. A.R.T. Advisors LLC now owns 18,893 shares of the company’s stock worth $1,220,000 after buying an additional 4,700 shares during the period. Barclays PLC increased its stake in Progressive Waste Solutions by 1,597.6% in the first quarter. Barclays PLC now owns 154,973 shares of the company’s stock worth $9,919,000 after buying an additional 145,844 shares during the period. Calamos Advisors LLC increased its stake in Progressive Waste Solutions by 5.7% in the second quarter. Calamos Advisors LLC now owns 613,201 shares of the company’s stock worth $44,181,000 after buying an additional 33,005 shares during the period. Finally, UBS Group AG increased its stake in Progressive Waste Solutions by 155.8% in the first quarter. UBS Group AG now owns 22,134 shares of the company’s stock worth $1,429,000 after buying an additional 13,481 shares during the period. Institutional investors own 81.86% of the company’s stock.

Progressive Waste Solutions Company Profile

Waste Connections, Inc is an integrated municipal solid waste (MSW) services company. The Company provides solid waste collection, transfer, disposal and recycling services in the United States. The Company is a provider of non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services in various areas of the United States.

5 Day Chart for NYSE:WCN

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