Q2 2024 EPS Estimates for Waste Connections, Inc. Decreased by Atb Cap Markets (TSE:WCN)

Waste Connections, Inc. (TSE:WCN - Free Report) - Research analysts at Atb Cap Markets lowered their Q2 2024 EPS estimates for shares of Waste Connections in a report released on Thursday, April 25th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $1.45 for the quarter, down from their prior forecast of $1.59. Atb Cap Markets currently has a "Sector Perform" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $8.94 per share. Atb Cap Markets also issued estimates for Waste Connections' Q3 2024 earnings at $1.66 EPS, FY2024 earnings at $6.21 EPS, Q1 2025 earnings at $1.45 EPS, Q2 2025 earnings at $1.71 EPS, Q3 2025 earnings at $1.89 EPS and FY2025 earnings at $6.96 EPS.

A number of other research analysts have also commented on WCN. Royal Bank of Canada lifted their price objective on shares of Waste Connections from C$169.00 to C$182.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. ATB Capital increased their price objective on Waste Connections from C$235.00 to C$240.00 and gave the stock a "sector perform" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of "Hold" and an average target price of C$193.10.

Waste Connections Stock Performance

Shares of Waste Connections stock traded up C$1.40 during trading on Monday, reaching C$224.95. The company's stock had a trading volume of 261,696 shares, compared to its average volume of 238,072. The company has a 50-day moving average price of C$228.55 and a two-hundred day moving average price of C$206.43. Waste Connections has a fifty-two week low of C$174.74 and a fifty-two week high of C$234.79. The firm has a market cap of C$58.04 billion, a PE ratio of 55.82, a P/E/G ratio of 2.22 and a beta of 0.66. The company has a current ratio of 0.68, a quick ratio of 0.74 and a debt-to-equity ratio of 91.42.

Waste Connections (TSE:WCN - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, beating the consensus estimate of C$1.38 by C$0.02. The business had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.78 billion. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Waste Connections's previous quarterly dividend of $0.38. Waste Connections's dividend payout ratio is currently 38.21%.

Insiders Place Their Bets

In related news, Senior Officer Matthew Stephen Black sold 4,128 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$167.34, for a total transaction of C$690,760.94. In related news, Director Andrea Elisabeth Bertone sold 902 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$169.17, for a total value of C$152,589.90. Also, Senior Officer Matthew Stephen Black sold 4,128 shares of the firm's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of C$167.34, for a total transaction of C$690,760.94. Over the last quarter, insiders sold 18,026 shares of company stock worth $3,043,157. 0.28% of the stock is owned by corporate insiders.

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.