Waste Connections (WCN) Set to Announce Earnings on Wednesday

Waste Connections (TSE:WCN) will be announcing its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C$1.38 per share for the quarter.

Waste Connections (TSE:WCN) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$1.51 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.47 by C$0.04. The business had revenue of C$2.77 billion during the quarter, compared to analyst estimates of C$2.76 billion. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%.

Waste Connections Stock Performance

TSE WCN opened at C$227.86 on Tuesday. The stock has a 50-day simple moving average of C$228.15 and a two-hundred day simple moving average of C$205.32. The firm has a market capitalization of C$58.79 billion, a P/E ratio of 56.54, a PEG ratio of 2.22 and a beta of 0.66. Waste Connections has a fifty-two week low of C$174.74 and a fifty-two week high of C$234.79. The company has a debt-to-equity ratio of 91.42, a quick ratio of 0.74 and a current ratio of 0.68.

Waste Connections Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.383 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 0.67%. Waste Connections’s payout ratio is currently 38.21%.

Insider Activity

In related news, Senior Officer James M. Little sold 6,000 shares of Waste Connections stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$168.64, for a total value of C$1,011,840.00. In other news, Senior Officer James M. Little sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$168.64, for a total transaction of C$1,011,840.00. Also, Director Edward E. Guillet sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$168.79, for a total value of C$337,589.80. Insiders have sold 18,026 shares of company stock worth $3,043,157 in the last ninety days. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WCN. Atb Cap Markets lowered Waste Connections from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, February 14th. ATB Capital lowered Waste Connections from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$200.00 to C$235.00 in a research note on Thursday, February 15th. Finally, Royal Bank of Canada raised their target price on Waste Connections from C$169.00 to C$182.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$192.10.

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.