Waste Connections (NYSE:WCN) Posts Earnings Results, Misses Estimates By $0.04 EPS

Waste Connections (NYSE:WCN) announced its quarterly earnings data on Wednesday. The business services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04), Zacks reports. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. Waste Connections updated its FY 2025 guidance to EPS.

Waste Connections Trading Down 0.2 %

Waste Connections stock opened at $189.54 on Thursday. The firm has a market cap of $48.91 billion, a PE ratio of 52.07, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections has a 12 month low of $153.07 and a 12 month high of $194.83. The stock’s 50 day simple moving average is $179.42 and its two-hundred day simple moving average is $181.49. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.66%. Waste Connections’s dividend payout ratio is currently 34.62%.

Analysts Set New Price Targets

A number of research firms recently commented on WCN. Stifel Nicolaus boosted their target price on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley lifted their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. CIBC reduced their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada increased their target price on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup raised their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.06.

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.