Zacks Research Issues Positive Estimate for TSE:WCN Earnings

Waste Connections, Inc. (TSE:WCN) – Equities researchers at Zacks Research lifted their FY2024 earnings estimates for Waste Connections in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the company will post earnings of $6.75 per share for the year, up from their prior estimate of $6.57. The consensus estimate for Waste Connections’ current full-year earnings is $9.98 per share. Zacks Research also issued estimates for Waste Connections’ Q4 2024 earnings at $1.68 EPS, Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $7.48 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $8.47 EPS.

A number of other analysts have also recently commented on WCN. ATB Capital boosted their price objective on Waste Connections from C$255.00 to C$260.00 in a research report on Friday, October 25th. Eight Capital set a C$270.00 price objective on shares of Waste Connections and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Waste Connections to a “hold” rating in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Waste Connections presently has an average rating of “Hold” and a consensus target price of C$205.10.

Waste Connections Price Performance

Shares of Waste Connections stock opened at C$261.85 on Monday. The firm has a market cap of C$67.55 billion, a PE ratio of 58.06, a P/E/G ratio of 2.22 and a beta of 0.72. Waste Connections has a twelve month low of C$178.43 and a twelve month high of C$263.78. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The business has a 50-day moving average price of C$249.04 and a 200 day moving average price of C$242.24.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.426 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections’s dividend payout ratio is presently 34.37%.

Insider Activity

In related news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total value of C$260,625.00. Also, Director Edward E. Guillet sold 8,000 shares of Waste Connections stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Insiders sold 9,571 shares of company stock worth $2,400,841 over the last three months. Insiders own 0.21% of the company’s stock.

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.