Waste Connections (WCN) Set to Announce Earnings on Wednesday

Waste Connections (TSE:WCN) is scheduled to be releasing 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 posted its quarterly earnings results on Tuesday, February 13th. The company reported C$1.51 EPS for the quarter, topping analysts’ consensus estimates of C$1.47 by C$0.04. The business had revenue of C$2.77 billion during the quarter, compared to analysts’ expectations 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 Up 0.4 %

TSE:WCN opened at C$227.86 on Tuesday. The stock has a market capitalization of C$58.79 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 2.22 and a beta of 0.66. The firm has a fifty day simple moving average of C$228.15 and a two-hundred day simple moving average of C$205.32. Waste Connections has a 12 month low of C$174.74 and a 12 month high of C$234.79. The company has a current ratio of 0.68, a quick ratio of 0.74 and a debt-to-equity ratio of 91.42.

Waste Connections Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.383 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, February 27th. Waste Connections’s dividend payout ratio is currently 38.21%.

Insiders Place Their Bets

In other Waste Connections news, Director Andrea Elisabeth Bertone sold 902 shares of Waste Connections stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$169.17, for a total value of C$152,589.90. In other Waste Connections news, Senior Officer Matthew Stephen Black sold 4,128 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total value of C$690,760.94. Also, Director Andrea Elisabeth Bertone sold 902 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of C$169.17, for a total transaction of C$152,589.90. Over the last 90 days, insiders have sold 18,026 shares of company stock valued at $3,043,157. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

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

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.