Waste Connections (WCN) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Waste Connections (NYSE:WCN) released its earnings data on Monday. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01, Analyst Ratings Net reports. The company had revenue of $524.70 million for the quarter, compared to the consensus estimate of $519.28 million. During the same quarter last year, the company posted $0.47 earnings per share. Waste Connections’s revenue was up 7.2% compared to the same quarter last year.
A number of research firms have recently commented on WCN. Analysts at KeyCorp raised their price target on shares of Waste Connections from $50.00 to $54.00 in a research note on Monday. They now have a “buy” rating on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Waste Connections in a research note on Wednesday, July 16th. They now have a $52.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.71.
Shares of Waste Connections (NYSE:WCN) traded up 0.38% during mid-day trading on Monday, hitting $47.83. 630,072 shares of the company’s stock traded hands. Waste Connections has a 52 week low of $39.69 and a 52 week high of $49.06. The stock has a 50-day moving average of $47.44 and a 200-day moving average of $44.29. The company has a market cap of $5.929 billion and a P/E ratio of 29.23.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, July 30th.
Waste Connections, Inc (NYSE:WCN) is an integrated municipal solid waste (MSW), services company that provides solid waste collection, transfer, disposal and recycling services in the United States.
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