Equities Analysts Offer Predictions for WCN Q2 Earnings

Waste Connections, Inc. (NYSE:WCN - Free Report) - Seaport Res Ptn cut their Q2 2025 earnings per share (EPS) estimates for Waste Connections in a research note issued to investors on Wednesday, July 23rd. Seaport Res Ptn analyst J. Mazzoni now expects that the business services provider will earn $1.10 per share for the quarter, down from their prior estimate of $1.28. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. Seaport Res Ptn also issued estimates for Waste Connections' Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.21 EPS, Q1 2026 earnings at $1.27 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.67 EPS, Q4 2026 earnings at $1.45 EPS, FY2026 earnings at $5.88 EPS, Q1 2027 earnings at $1.40 EPS and Q2 2027 earnings at $1.63 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last posted its 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. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. Waste Connections's revenue was up 7.1% on a year-over-year basis.

Several other research firms have also recently issued reports on WCN. Melius assumed coverage on Waste Connections in a research report on Monday, June 9th. They set a "buy" rating for the company. Oppenheimer increased their target price on Waste Connections from $216.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. CIBC increased their target price on Waste Connections from $212.00 to $215.00 and gave the stock an "outperformer" rating in a research report on Friday. Melius Research upgraded Waste Connections to a "strong-buy" rating and set a $213.00 target price for the company in a research report on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $214.50.

Waste Connections Stock Performance

Shares of NYSE WCN traded down $1.25 during trading on Thursday, hitting $186.99. The company had a trading volume of 1,632,204 shares, compared to its average volume of 1,342,600. The stock has a 50 day simple moving average of $188.16 and a 200 day simple moving average of $188.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.70 and a current ratio of 0.67. Waste Connections has a 12 month low of $169.36 and a 12 month high of $201.66. The firm has a market capitalization of $48.32 billion, a P/E ratio of 75.40, a price-to-earnings-growth ratio of 3.31 and a beta of 0.60.

Hedge Funds Weigh In On Waste Connections

A number of institutional investors and hedge funds have recently modified their holdings of WCN. Checchi Capital Advisers LLC lifted its stake in shares of Waste Connections by 4.6% during 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 stake in shares of 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 acquiring an additional 57 shares during the last quarter. Tranquility Partners LLC lifted its stake in shares of 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 acquiring an additional 58 shares during the last quarter. MAI Capital Management raised its position 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 valued at $218,000 after purchasing an additional 63 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Waste Connections by 29.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider's stock valued at $55,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, August 6th. Waste Connections's dividend payout ratio (DPR) is 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.