WCN Q3 EPS Estimate Cut by National Bank Financial

Key Points

• National Bank Financial has downgraded their Q3 2025 EPS estimate for Waste Connections to $1.38 per share, down from a previous estimate of $1.46, while maintaining a "Strong-Buy" rating on the stock.
• Oppenheimer raised their price target for Waste Connections from $216.00 to $218.00, reflecting ongoing positive sentiment, while the consensus rating remains a "Buy" with an average price target of $215.62.
• Waste Connections has announced a quarterly dividend of $0.315 per share, set to be paid on August 21st, with a current dividend yield of 0.67%.

Waste Connections, Inc. (NYSE:WCN - Free Report) - Research analysts at National Bank Financial cut their Q3 2025 earnings per share estimates for Waste Connections in a research note issued on Thursday, July 24th. National Bank Financial analyst M. Doumet now anticipates that the business services provider will post earnings per share of $1.38 for the quarter, down from their previous estimate of $1.46. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. National Bank Financial also issued estimates for Waste Connections' Q4 2025 earnings at $1.33 EPS, FY2025 earnings at $5.14 EPS and FY2026 earnings at $5.69 EPS.

WCN has been the topic of several other research reports. William Blair began coverage on Waste Connections in a research report on Thursday, April 3rd. They issued an "outperform" rating on the stock. CIBC restated an "outperform" rating on shares of Waste Connections in a research report on Friday, July 25th. Truist Financial set a $220.00 price objective on Waste Connections in a research report on Friday, April 25th. Scotiabank lifted their price objective on Waste Connections from $202.00 to $208.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets lifted their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $215.00.

Waste Connections Price Performance

Shares of NYSE WCN traded down $0.08 during midday trading on Monday, hitting $189.11. The stock had a trading volume of 168,325 shares, compared to its average volume of 1,139,336. The company has a market capitalization of $48.86 billion, a PE ratio of 76.23, a P/E/G ratio of 3.46 and a beta of 0.60. The stock has a 50 day simple moving average of $187.70 and a 200-day simple moving average of $188.85. Waste Connections has a 1 year low of $169.36 and a 1 year high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%. Waste Connections's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.67%. The ex-dividend date is Wednesday, August 6th. Waste Connections's dividend payout ratio is presently 50.81%.

Institutional Trading of Waste Connections

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Waste Connections by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider's stock worth $5,901,049,000 after purchasing an additional 954,242 shares during the period. Bank of Montreal Can lifted its stake in shares of Waste Connections by 4.3% during the 4th quarter. Bank of Montreal Can now owns 8,644,222 shares of the business services provider's stock worth $1,481,041,000 after purchasing an additional 356,798 shares during the period. FIL Ltd lifted its stake in shares of Waste Connections by 46.2% during the 4th quarter. FIL Ltd now owns 7,177,724 shares of the business services provider's stock worth $1,231,368,000 after purchasing an additional 2,269,652 shares during the period. WCM Investment Management LLC lifted its stake in shares of Waste Connections by 1.8% during the 2nd quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider's stock worth $1,208,669,000 after purchasing an additional 117,939 shares during the period. Finally, Capital International Investors lifted its stake in shares of Waste Connections by 17.8% during the 4th quarter. Capital International Investors now owns 5,949,152 shares of the business services provider's stock worth $1,020,672,000 after purchasing an additional 899,058 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

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.