Q4 EPS Estimate for Waste Connections Decreased by Analyst

Key Points

• Zacks Research has downgraded its Q4 2026 EPS estimate for Waste Connections from $1.53 to $1.49.
• Waste Connections reported Q2 earnings of $1.29 per share, exceeding analysts' expectations, with a revenue of $2.41 billion, reflective of a 7.1% year-over-year increase.
• The company recently announced a $0.315 quarterly dividend with an annualized dividend yield of 0.7%, to be paid on August 21st.

Waste Connections, Inc. (NYSE:WCN - Free Report) - Zacks Research dropped their Q4 2026 earnings estimates for Waste Connections in a report released on Wednesday, August 13th. Zacks Research analyst Team now anticipates that the business services provider will post earnings per share of $1.49 for the quarter, down from their prior estimate of $1.53. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.04. The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $1.24 earnings per share.

Other research analysts have also recently issued research reports about the stock. CIBC reissued an "outperform" rating on shares of Waste Connections in a report on Friday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Melius initiated coverage on shares of Waste Connections in a report on Monday, June 9th. They issued a "buy" rating for the company. Seaport Res Ptn raised shares of Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $215.00.

Waste Connections Stock Performance

Shares of NYSE WCN traded down $0.59 during midday trading on Friday, reaching $184.14. The company had a trading volume of 203,272 shares, compared to its average volume of 1,133,803. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The business's 50-day simple moving average is $186.02 and its 200 day simple moving average is $189.54. Waste Connections has a 1 year low of $169.36 and a 1 year high of $201.66. The stock has a market cap of $47.58 billion, a P/E ratio of 74.29, a P/E/G ratio of 3.35 and a beta of 0.58.

Hedge Funds Weigh In On Waste Connections

Several large investors have recently made changes to their positions in the stock. Checchi Capital Advisers LLC lifted its holdings in shares of Waste Connections by 4.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider's stock worth $249,000 after acquiring an additional 56 shares during the last quarter. MWA Asset Management lifted its holdings in Waste Connections by 1.2% during the 1st quarter. MWA Asset Management now owns 4,783 shares of the business services provider's stock worth $934,000 after buying an additional 57 shares in the last quarter. Tranquility Partners LLC lifted its holdings in Waste Connections by 1.4% during the 1st quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider's stock worth $850,000 after buying an additional 58 shares in the last quarter. Lido Advisors LLC lifted its holdings in Waste Connections by 2.1% during the 2nd quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider's stock worth $551,000 after buying an additional 61 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in Waste Connections by 6.0% during the 1st quarter. MAI Capital Management now owns 1,116 shares of the business services provider's stock worth $218,000 after buying an additional 63 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th will be issued 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 is currently 50.81%.

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.

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