Waste Connections (NYSE:WCN) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Waste Connections (NYSE:WCN - Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.04, Zacks reports. Waste Connections had a return on equity of 15.87% and a net margin of 6.97%. The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Waste Connections updated its FY 2025 guidance to EPS.

Waste Connections Stock Down 0.2%

Shares of NYSE:WCN traded down $0.37 during midday trading on Friday, hitting $187.87. 845,174 shares of the company's stock were exchanged, compared to its average volume of 1,135,001. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.70. Waste Connections has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a market cap of $48.54 billion, a PE ratio of 75.79, a price-to-earnings-growth ratio of 3.24 and a beta of 0.60. The stock has a 50 day moving average price of $188.16 and a 200-day moving average price of $188.46.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.315 per share. The ex-dividend date is Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.

Institutional Investors Weigh In On Waste Connections

A hedge fund recently bought a new stake in Waste Connections stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,957 shares of the business services provider's stock, valued at approximately $577,000. Hedge funds and other institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. Melius started coverage on Waste Connections in a research report on Monday, June 9th. They set a "buy" rating for the company. Scotiabank upped their price target on Waste Connections from $202.00 to $208.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 price target for the company in a research report on Monday, June 9th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $214.29.

Waste Connections Company Profile

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.