Waste Connections (WCN) Scheduled to Post Earnings on Wednesday

Waste Connections (TSE:WCN) is set to issue its quarterly earnings data 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 results on Tuesday, February 13th. The company reported C$1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.47 by C$0.04. The business had revenue of C$2.77 billion during the quarter, compared to the consensus estimate 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

WCN opened at C$227.49 on Wednesday. The business has a fifty day simple moving average of C$226.79 and a 200 day simple moving average of C$204.09. The company has a market capitalization of C$58.70 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. Waste Connections has a 1 year low of C$174.74 and a 1 year high of C$234.79. The company has a debt-to-equity ratio of 91.42, a current ratio of 0.68 and a quick ratio of 0.74.

Waste Connections Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.383 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.53 annualized dividend and a yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is presently 38.21%.

Insider Activity

In other news, Senior Officer James M. Little sold 6,000 shares of the business’s stock in a transaction 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. In other news, Senior Officer James M. Little sold 6,000 shares of the business’s stock in a transaction 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, Senior Officer Matthew Stephen Black sold 4,128 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total value of C$690,760.94. In the last three months, insiders sold 18,026 shares of company stock worth $3,043,157. 0.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WCN shares. ATB Capital downgraded Waste Connections from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$200.00 to C$235.00 in a research report on Thursday, February 15th. Royal Bank of Canada upped 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. Finally, Atb Cap Markets downgraded Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Three investment 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 a consensus rating of “Hold” and an average price target 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.