Q3 Earnings Forecast for WCN Issued By William Blair

Waste Connections, Inc. (NYSE:WCN - Free Report) - Research analysts at William Blair issued their Q3 2025 earnings estimates for shares of Waste Connections in a research report issued on Thursday, April 24th. William Blair analyst T. Romeo anticipates that the business services provider will earn $1.48 per share for the quarter. William Blair has a "Outperform" rating on the stock. The consensus estimate for Waste Connections' current full-year earnings is $5.28 per share. William Blair also issued estimates for Waste Connections' Q4 2025 earnings at $1.35 EPS, Q1 2026 earnings at $1.22 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.68 EPS and Q4 2026 earnings at $1.55 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS.

Several other equities research analysts have also commented on WCN. Morgan Stanley upped their price target on shares of Waste Connections from $214.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Scotiabank upped their price target on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. Jefferies Financial Group reduced their price target on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Citigroup upped their price target on shares of Waste Connections from $209.00 to $212.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Truist Financial set a $220.00 price target on shares of Waste Connections in a research report on Friday. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.21.

Waste Connections Stock Performance

WCN traded up $0.41 during midday trading on Friday, hitting $195.94. 401,761 shares of the company traded hands, compared to its average volume of 974,296. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $50.62 billion, a PE ratio of 81.98, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The company's 50-day moving average is $191.16 and its 200 day moving average is $185.16. Waste Connections has a 52 week low of $160.34 and a 52 week high of $201.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC boosted its stake in Waste Connections by 4.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider's stock worth $249,000 after purchasing an additional 56 shares during the period. Fifth Third Bancorp boosted its stake in Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider's stock worth $121,000 after purchasing an additional 57 shares during the period. Tranquility Partners LLC boosted its stake in Waste Connections by 1.4% in the 1st quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider's stock worth $850,000 after purchasing an additional 58 shares during the period. Jennison Associates LLC boosted its stake in Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 63 shares during the period. Finally, Hexagon Capital Partners LLC boosted its position in shares of 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 acquiring an additional 64 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.64%. Waste Connections's payout ratio is 51.85%.

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.