Progressive Waste Solutions Ltd. (NYSE:WCN) – Equities researchers at Wedbush decreased their Q2 2018 earnings per share (EPS) estimates for Progressive Waste Solutions in a report released on Thursday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will earn $0.84 per share for the quarter, down from their previous estimate of $0.87. Wedbush currently has a “Outperform” rating and a $80.00 target price on the stock.

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

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

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

Progressive Waste Solutions (NYSE:WCN) opened at 74.21 on Monday. The stock 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. Progressive Waste Solutions has a 52 week low of $50.64 and a 52 week high of $79.72.

In other Progressive Waste Solutions news, COO Darrell W. Chambliss sold 2,000 shares of Progressive Waste Solutions stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $77.42, for a total transaction of $154,840.00. Following the completion of 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 document filed 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 that occurred 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 sale, the director now owns 12,344 shares of the company’s stock, valued at $971,349.36. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mizuho Asset Management Co. Ltd. acquired a new stake in shares of Progressive Waste Solutions during the second quarter valued at approximately $120,000. Creative Planning boosted its position in Progressive Waste Solutions by 228.7% in the second quarter. Creative Planning now owns 2,219 shares of the company’s stock valued at $160,000 after buying an additional 1,544 shares in the last quarter. Invictus RG purchased a new position in Progressive Waste Solutions during the second quarter valued at about $208,000. Syntal Capital Partners LLC purchased a new position in Progressive Waste Solutions during the second quarter valued at about $215,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in Progressive Waste Solutions during the second quarter valued at about $216,000. Institutional investors and hedge funds own 81.85% 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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