Waste Connections (TSE:WCN) Releases Earnings Results

Waste Connections (TSE:WCN) issued its quarterly earnings data on Wednesday. The company reported C$1.77 earnings per share (EPS) for the quarter, FiscalAI reports. Waste Connections had a return on equity of 11.86% and a net margin of 10.81%.The business had revenue of C$3.26 billion during the quarter.

Waste Connections Price Performance

TSE:WCN traded up C$1.55 during trading hours on Wednesday, hitting C$233.01. 429,363 shares of the stock were exchanged, compared to its average volume of 342,571. Waste Connections has a 52-week low of C$223.29 and a 52-week high of C$284.73. The firm’s fifty day moving average price is C$235.71 and its 200 day moving average price is C$242.50. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The company has a market cap of C$59.66 billion, a P/E ratio of 97.09, a P/E/G ratio of 2.22 and a beta of 0.33.

Analyst Ratings Changes

A number of research analysts have issued reports on WCN shares. Sanford C. Bernstein raised Waste Connections to a “strong-buy” rating in a report on Wednesday, November 12th. The Goldman Sachs Group raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, November 24th. Wells Fargo & Company upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, BNP Paribas Exane raised shares of Waste Connections to a “strong-buy” rating in a report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Waste Connections

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.