Atb Cap Markets Has Bearish Estimate for WCN Q2 Earnings

Waste Connections, Inc. (NYSE:WCN - Free Report) - Analysts at Atb Cap Markets dropped their Q2 2025 earnings per share estimates for Waste Connections in a report released on Tuesday, July 1st. Atb Cap Markets analyst C. Murray now anticipates that the business services provider will post earnings per share of $1.23 for the quarter, down from their prior estimate of $1.27. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. Atb Cap Markets also issued estimates for Waste Connections' Q3 2025 earnings at $1.49 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $5.22 EPS, Q2 2026 earnings at $1.45 EPS and Q3 2026 earnings at $1.70 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS.

A number of other equities analysts have also commented on the company. Melius Research upgraded Waste Connections to a "strong-buy" rating and set a $213.00 price objective on the stock in a research note on Monday, June 9th. BMO Capital Markets increased their target price on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Melius began coverage on Waste Connections in a research note on Monday, June 9th. They issued a "buy" rating for the company. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections has an average rating of "Buy" and an average target price of $212.29.

Waste Connections Stock Performance

Shares of WCN traded up $1.75 during mid-day trading on Thursday, hitting $179.85. 1,360,724 shares of the company's stock were exchanged, compared to its average volume of 1,010,927. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.05. Waste Connections has a 52 week low of $169.36 and a 52 week high of $201.66. The stock's 50-day simple moving average is $191.12 and its 200-day simple moving average is $187.56. The firm has a market cap of $46.47 billion, a price-to-earnings ratio of 74.01, a price-to-earnings-growth ratio of 3.14 and a beta of 0.60.

Institutional Trading of Waste Connections

A number of hedge funds and other institutional investors have recently modified their holdings of WCN. Central Pacific Bank Trust Division lifted its stake in shares of Waste Connections by 8.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 5,875 shares of the business services provider's stock valued at $1,097,000 after acquiring an additional 449 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Waste Connections by 7.1% in the 2nd quarter. Harbor Investment Advisory LLC now owns 4,510 shares of the business services provider's stock worth $841,000 after purchasing an additional 300 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs bought a new position in Waste Connections in the first quarter valued at about $2,161,000. Mattson Financial Services LLC boosted its stake in shares of Waste Connections by 29.7% during the first quarter. Mattson Financial Services LLC now owns 9,475 shares of the business services provider's stock valued at $1,849,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Glenview Trust co acquired a new stake in shares of Waste Connections during the first quarter valued at about $222,000. Institutional investors own 86.09% of the company's stock.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections's payout ratio is 51.85%.

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.