Atb Cap Markets Has Negative Outlook of WCN Q1 Earnings

Key Points

• Atb Cap Markets has revised its estimated earnings per share for Waste Connections for Q1 2026 down to $1.21, from a previous forecast of $1.26.
• Despite the earnings estimate downgrade, Waste Connections reported $1.44 EPS in its latest quarterly earnings, surpassing the consensus estimate of $1.38.
• Waste Connections recently announced an increase in its quarterly dividend to $0.35 per share, effective November 20th, reflecting a commitment to returning value to shareholders.

Waste Connections, Inc. (NYSE:WCN - Free Report) - Research analysts at Atb Cap Markets cut their Q1 2026 EPS estimates for Waste Connections in a research note issued on Wednesday, October 22nd. Atb Cap Markets analyst C. Murray now anticipates that the business services provider will post earnings of $1.21 per share for the quarter, down from their previous forecast of $1.26. Atb Cap Markets has a "Strong-Buy" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. Atb Cap Markets also issued estimates for Waste Connections' Q2 2026 earnings at $1.42 EPS, FY2026 earnings at $5.63 EPS, Q1 2027 earnings at $1.37 EPS, Q2 2027 earnings at $1.62 EPS, Q3 2027 earnings at $1.80 EPS and FY2027 earnings at $6.38 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a net margin of 6.65% and a return on equity of 16.07%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS.

Other research analysts also recently issued reports about the stock. Barclays reiterated a "negative" rating on shares of Waste Connections in a report on Thursday. Stifel Nicolaus lowered their price target on shares of Waste Connections from $221.00 to $218.00 and set a "buy" rating for the company in a report on Thursday. Citigroup lowered their price target on shares of Waste Connections from $199.00 to $196.00 and set a "neutral" rating for the company in a report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Waste Connections in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $213.00 price target on shares of Waste Connections and gave the stock a "strong-buy" rating in a report on Monday, October 6th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Waste Connections presently has an average rating of "Buy" and an average target price of $210.63.

Waste Connections Stock Down 0.9%

Shares of NYSE:WCN opened at $176.91 on Friday. The company has a fifty day moving average of $177.11 and a 200-day moving average of $185.48. The company has a market capitalization of $45.39 billion, a PE ratio of 73.71, a price-to-earnings-growth ratio of 3.25 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections has a 52-week low of $169.36 and a 52-week high of $201.66.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 5th. This is an increase from Waste Connections's previous quarterly dividend of $0.32. Waste Connections's dividend payout ratio (DPR) is 50.81%.

Institutional Trading of Waste Connections

Large investors have recently bought and sold shares of the business. Asset Dedication LLC acquired a new stake in Waste Connections during the 2nd quarter worth about $28,000. Ramirez Asset Management Inc. grew its holdings in Waste Connections by 122.0% during the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock worth $36,000 after acquiring an additional 100 shares during the period. Larson Financial Group LLC grew its holdings in Waste Connections by 994.4% during the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock worth $38,000 after acquiring an additional 179 shares during the period. AlphaCore Capital LLC acquired a new stake in Waste Connections during the 2nd quarter worth about $39,000. Finally, Valley National Advisers Inc. grew its holdings in Waste Connections by 232.3% during the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock worth $41,000 after acquiring an additional 151 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.