Equities Analysts Set Expectations for WCN Q2 Earnings

Waste Connections, Inc. (NYSE:WCN - Free Report) - Analysts at National Bank Financial issued their Q2 2025 earnings per share estimates for Waste Connections in a research report issued on Monday, May 26th. National Bank Financial analyst M. Doumet expects that the business services provider will earn $1.26 per share for the quarter. 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' Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $5.24 EPS and FY2026 earnings at $5.79 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. Waste Connections's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $221.00 price target on shares of Waste Connections in a report on Friday, April 25th. Morgan Stanley lifted their price objective on Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a report on Friday, February 14th. William Blair assumed coverage on Waste Connections in a research report on Thursday, April 3rd. They issued an "outperform" rating for the company. BMO Capital Markets increased 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. Finally, Citigroup increased their price objective on Waste Connections from $209.00 to $212.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.23.

Waste Connections Stock Performance

NYSE WCN traded down $1.48 on Thursday, reaching $195.62. The stock had a trading volume of 351,436 shares, compared to its average volume of 1,128,891. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.65 and a current ratio of 0.65. Waste Connections has a 12-month low of $161.13 and a 12-month high of $201.66. The business's 50-day moving average price is $194.10 and its 200 day moving average price is $187.37. The stock has a market cap of $50.54 billion, a P/E ratio of 81.85, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66.

Institutional Trading of Waste Connections

A number of institutional investors and hedge funds have recently made changes to their positions in WCN. Private Trust Co. NA increased its holdings in Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after purchasing an additional 92 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Waste Connections in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in Waste Connections in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Waste Connections in the 4th quarter valued at $28,000. Finally, Ramirez Asset Management Inc. increased its holdings in Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were issued a $0.315 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.64%. Waste Connections's dividend payout ratio (DPR) is presently 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.