FY2025 EPS Forecast for Waste Connections Raised by Analyst

Waste Connections, Inc. (NYSE:WCN) – Equities research analysts at William Blair upped their FY2025 earnings per share estimates for Waste Connections in a research note issued on Thursday, October 23rd. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings per share of $5.14 for the year, up from their previous forecast of $5.08. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the company earned $1.35 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS.

WCN has been the topic of a number of other research reports. Scotiabank reissued an “outperform” rating and set a $210.00 price objective on shares of Waste Connections in a research note on Thursday. Stifel Nicolaus dropped their price objective on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waste Connections in a research note on Friday. National Bankshares reduced their price target on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 7th. Finally, Oppenheimer upped their price objective on Waste Connections from $205.00 to $206.00 and gave the company an “outperform” rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $210.63.

Waste Connections Trading Down 0.0%

WCN opened at $176.76 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50 day simple moving average is $176.95 and its two-hundred day simple moving average is $185.40. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 73.65, a price-to-earnings-growth ratio of 3.25 and a beta of 0.62. Waste Connections has a 1-year low of $169.36 and a 1-year high of $201.66.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 5th. Waste Connections’s payout ratio is currently 52.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Waste Connections in the second quarter valued at approximately $755,938,000. Nuveen LLC purchased a new position in shares of Waste Connections in the 1st quarter valued at $623,155,000. Vanguard Group Inc. boosted its stake in Waste Connections by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock valued at $5,901,049,000 after acquiring an additional 954,242 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Waste Connections by 195.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider’s stock valued at $224,961,000 after purchasing an additional 762,468 shares during the period. Finally, Picton Mahoney Asset Management purchased a new position in Waste Connections during the 2nd quarter worth approximately $140,935,000. 86.09% of the stock is owned by institutional investors and hedge funds.

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.