Waste Connections (WCN) Scheduled to Post Earnings on Wednesday

Waste Connections (TSE:WCN - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of C$1.38 per share for the quarter.

Waste Connections (TSE:WCN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$1.51 EPS for the quarter, topping the consensus estimate of C$1.47 by C$0.04. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. The business had revenue of C$2.77 billion for the quarter, compared to analyst estimates of C$2.76 billion.

Waste Connections Trading Down 0.3 %

Shares of TSE WCN traded down C$0.67 during trading on Wednesday, hitting C$226.82. 144,166 shares of the company were exchanged, compared to its average volume of 241,400. Waste Connections has a 12-month low of C$174.74 and a 12-month high of C$234.79. The company has a debt-to-equity ratio of 91.42, a quick ratio of 0.74 and a current ratio of 0.68. The company has a fifty day moving average price of C$227.10 and a 200-day moving average price of C$204.25. The firm has a market capitalization of C$58.52 billion, a PE ratio of 56.28, a P/E/G ratio of 2.22 and a beta of 0.66.

Waste Connections Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a $0.383 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.53 annualized dividend and a yield of 0.68%. Waste Connections's dividend payout ratio (DPR) is currently 38.21%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, Senior Officer Robert Michael Cloninger sold 3,746 shares of Waste Connections stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$170.21, for a total value of C$637,613.03. In other Waste Connections news, Senior Officer Robert Michael Cloninger sold 3,746 shares of Waste Connections stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$170.21, for a total value of C$637,613.03. Also, Director Andrea Elisabeth Bertone sold 902 shares of Waste Connections 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. Insiders sold a total of 18,026 shares of company stock valued at $3,043,157 in the last three months. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WCN shares. Royal Bank of Canada boosted 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 report on Thursday, February 15th. Atb Cap Markets lowered shares of Waste Connections from an "outperform" rating to a "sector perform" rating in a report on Wednesday, February 14th. Finally, ATB Capital lowered shares of Waste Connections from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company from C$200.00 to C$235.00 in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$192.10.

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.