Zacks Research Analysts Lower Earnings Estimates for WCN

Waste Connections, Inc. (NYSE:WCN) – Equities researchers at Zacks Research reduced their Q3 2025 EPS estimates for shares of Waste Connections in a research report issued on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $1.44 per share for the quarter, down from their previous forecast of $1.49. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share. Zacks Research also issued estimates for Waste Connections’ Q3 2026 earnings at $1.50 EPS and Q4 2026 earnings at $1.53 EPS.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley upped their target price on shares of Waste Connections from $214.00 to $219.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Citigroup upped their target price on shares of Waste Connections from $209.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. StockNews.com downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Seaport Res Ptn upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group reduced their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.21.

Waste Connections Price Performance

Shares of NYSE WCN opened at $191.94 on Monday. The firm has a market cap of $49.59 billion, a PE ratio of 80.31, a PEG ratio of 3.07 and a beta of 0.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections has a 1-year low of $160.34 and a 1-year high of $201.66. The company has a fifty day moving average price of $192.60 and a 200 day moving average price of $186.44.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Wednesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.66%. Waste Connections’s payout ratio is 51.85%.

Institutional Investors Weigh In On Waste Connections

A number of institutional investors and hedge funds have recently modified their holdings of WCN. Manchester Capital Management LLC bought a new stake in shares of Waste Connections in the 4th quarter valued at about $26,000. Private Trust Co. NA raised its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC bought a new position in Waste Connections in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in Waste Connections in the 4th quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC raised its holdings in Waste Connections by 59.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Company Profile

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.