Waste Connections Inc (NYSE:WCN) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.14 per share by the business services provider on Tuesday, November 26th. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, November 8th.
WCN traded up $0.79 on Wednesday, hitting $90.63. The company had a trading volume of 17,015 shares, compared to its average volume of 767,626. The firm has a market cap of $23.69 billion, a P/E ratio of 35.96, a PEG ratio of 3.98 and a beta of 0.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average price is $91.72 and its 200 day moving average price is $92.72. Waste Connections has a 1 year low of $70.28 and a 1 year high of $97.93.
Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. Waste Connections had a return on equity of 10.62% and a net margin of 10.70%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Waste Connections will post 2.63 earnings per share for the current year.
In other Waste Connections news, VP Matthew Stephen Black sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $91.69, for a total value of $366,760.00. Following the sale, the vice president now owns 23,063 shares of the company’s stock, valued at $2,114,646.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward E. Guillet sold 20,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $90.41, for a total value of $1,808,200.00. Following the completion of the sale, the director now directly owns 41,173 shares in the company, valued at approximately $3,722,450.93. The disclosure for this sale can be found here. Insiders have sold 43,038 shares of company stock worth $3,931,244 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on WCN. ValuEngine cut Waste Connections from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Macquarie began coverage on Waste Connections in a research note on Tuesday, September 3rd. They set a “buy” rating and a $100.00 price target for the company. Stifel Nicolaus set a $105.00 price target on Waste Connections and gave the stock a “buy” rating in a research note on Monday, September 23rd. Raymond James upped their price target on Waste Connections from $106.00 to $108.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, CIBC set a $99.00 price target on Waste Connections and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Waste Connections has an average rating of “Buy” and an average price target of $97.66.
About Waste Connections
Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.
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