Waste Connections (NYSE:WCN - Get Free Report) announced its earnings results on Tuesday. The business services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.38 by $0.06, Zacks reports. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. Waste Connections updated its FY 2025 guidance to EPS.
Waste Connections Price Performance
NYSE WCN traded down $0.46 on Tuesday, reaching $173.55. The company's stock had a trading volume of 1,278,913 shares, compared to its average volume of 1,127,082. The firm has a market cap of $44.53 billion, a PE ratio of 69.98, a price-to-earnings-growth ratio of 3.15 and a beta of 0.62. The business has a 50-day moving average price of $177.70 and a 200 day moving average price of $185.67. Waste Connections has a 52 week low of $169.36 and a 52 week high of $201.66. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.
Waste Connections Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.315 per share. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. Waste Connections's payout ratio is presently 50.81%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Waste Connections in a report on Wednesday, October 8th. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Barclays assumed coverage on shares of Waste Connections in a report on Friday, September 19th. They issued an "equal weight" rating and a $192.00 target price on the stock. Citigroup dropped their target price on shares of Waste Connections from $204.00 to $199.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Finally, UBS Group set a $190.00 target price on shares of Waste Connections and gave the stock a "neutral" rating in a report on Thursday, October 16th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $210.38.
Get Our Latest Report on WCN
Institutional Trading of Waste Connections
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in Waste Connections by 133.7% in the second quarter. Smartleaf Asset Management LLC now owns 416 shares of the business services provider's stock valued at $77,000 after acquiring an additional 238 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Waste Connections in the second quarter valued at about $248,000. ICONIQ Capital LLC increased its stake in Waste Connections by 6.7% in the second quarter. ICONIQ Capital LLC now owns 2,025 shares of the business services provider's stock valued at $378,000 after acquiring an additional 128 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Waste Connections in the first quarter valued at about $577,000. Finally, Advisory Services Network LLC increased its stake in Waste Connections by 33.6% in the second quarter. Advisory Services Network LLC now owns 3,931 shares of the business services provider's stock valued at $734,000 after acquiring an additional 989 shares during the period. Institutional investors own 86.09% of the company's stock.
Waste Connections Company Profile
(
Get Free Report)
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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