Waste Connections (WCN) Scheduled to Post Earnings on Wednesday

Waste Connections (TSE:WCN) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Waste Connections to post earnings of C$1.38 per share for the quarter.

Waste Connections (TSE:WCN) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$1.51 earnings per share for the quarter, topping the consensus estimate of C$1.47 by C$0.04. The business had revenue of C$2.77 billion for the quarter, compared to analyst estimates of C$2.76 billion. Waste Connections had a net margin of 9.51% and a return on equity of 10.30%.

Waste Connections Trading Down 0.5 %

Shares of WCN stock opened at C$227.49 on Wednesday. The firm has a market cap of C$58.70 billion, a P/E ratio of 56.45, a PEG 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. The firm’s 50-day simple moving average is C$226.79 and its 200-day simple moving average is C$204.09.

Waste Connections Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued 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 payout ratio is 38.21%.

Analyst Ratings Changes

Several brokerages have issued reports on WCN. Royal Bank of Canada increased their price objective on shares of 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. ATB Capital downgraded shares of Waste Connections from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$200.00 to C$235.00 in a research report on Thursday, February 15th. Finally, Atb Cap Markets downgraded shares of Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$192.10.

Insider Activity at Waste Connections

In related news, Director Andrea Elisabeth Bertone sold 902 shares of Waste Connections stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$169.17, for a total transaction of C$152,589.90. In related news, Senior Officer James M. Little sold 6,000 shares of Waste Connections stock in a transaction dated 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, Director Andrea Elisabeth Bertone sold 902 shares of Waste Connections stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of C$169.17, for a total value of C$152,589.90. Insiders have sold a total of 18,026 shares of company stock worth $3,043,157 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

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.