Q3 EPS Forecast for Waste Connections Decreased by Analyst

Key Points

• Analysts at Zacks Research have reduced their Q3 2025 earnings forecast for Waste Connections from $1.44 to $1.38 per share, while the full-year earnings consensus stands at $5.28 per share.
• Several brokerages have adjusted their price targets for Waste Connections, with Raymond James lowering their target from $224 to $211, while BMO Capital Markets has increased theirs from $214 to $216.
• The company recently declared a quarterly dividend of $0.315, reflecting an annualized yield of 0.7%, with a payout ratio of 50.81%.

Waste Connections, Inc. (NYSE:WCN - Free Report) - Research analysts at Zacks Research cut their Q3 2025 earnings estimates for shares of Waste Connections in a note issued to investors on Wednesday, August 13th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $1.38 per share for the quarter, down from their previous estimate of $1.44. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. Zacks Research also issued estimates for Waste Connections' Q4 2025 earnings at $1.26 EPS, FY2025 earnings at $5.05 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.45 EPS, FY2026 earnings at $5.61 EPS, Q2 2027 earnings at $1.59 EPS and FY2027 earnings at $6.35 EPS.

A number of other brokerages also recently issued reports on WCN. Raymond James Financial lowered their price target on Waste Connections from $224.00 to $211.00 and set a "strong-buy" rating for the company in a report on Tuesday, July 22nd. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a report on Monday, May 26th. Citigroup dropped their target price on shares of Waste Connections from $208.00 to $204.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. BMO Capital Markets boosted their price target on shares of Waste Connections from $214.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Oppenheimer upped their price objective on shares of Waste Connections from $216.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $215.00.

Waste Connections Trading Down 0.9%

WCN opened at $185.70 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections has a one year low of $169.36 and a one year high of $201.66. The company has a market cap of $47.98 billion, a P/E ratio of 74.88, a PEG ratio of 3.38 and a beta of 0.58. The business's 50-day simple moving average is $186.16 and its 200-day simple moving average is $189.52.

Waste Connections (NYSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.04. The company had revenue of $2.41 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 6th. Waste Connections's dividend payout ratio (DPR) is 50.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Townsquare Capital LLC boosted its holdings in shares of Waste Connections by 60.6% in the fourth quarter. Townsquare Capital LLC now owns 3,221 shares of the business services provider's stock valued at $553,000 after acquiring an additional 1,216 shares in the last quarter. Mariner LLC raised its holdings in Waste Connections by 6.4% during the fourth quarter. Mariner LLC now owns 50,796 shares of the business services provider's stock worth $8,715,000 after purchasing an additional 3,042 shares in the last quarter. NewEdge Advisors LLC lifted its position in Waste Connections by 5.1% in the fourth quarter. NewEdge Advisors LLC now owns 8,569 shares of the business services provider's stock valued at $1,470,000 after purchasing an additional 414 shares during the period. Marshall Wace LLP boosted its holdings in Waste Connections by 315.7% in the 4th quarter. Marshall Wace LLP now owns 65,321 shares of the business services provider's stock valued at $11,208,000 after purchasing an additional 49,609 shares in the last quarter. Finally, Capital International Sarl boosted its holdings in Waste Connections by 7.0% in the 4th quarter. Capital International Sarl now owns 9,093 shares of the business services provider's stock valued at $1,560,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

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.

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