William Blair Expects Reduced Earnings for Waste Connections

Key Points

• William Blair has lowered its Q3 2025 earnings estimates for Waste Connections to $1.37 per share, down from $1.46, while maintaining an "Outperform" rating on the stock.
• The company's recent quarterly earnings topped expectations with $1.29 EPS reported, surpassing the consensus estimate of $1.25 EPS by $0.04.
• Waste Connections declared a quarterly dividend of $0.315 per share, reflecting a 0.67% yield and a dividend payout ratio of 50.81%.

Waste Connections, Inc. (NYSE:WCN - Free Report) - Stock analysts at William Blair decreased their Q3 2025 earnings per share (EPS) estimates for shares of Waste Connections in a report released on Friday, July 25th. William Blair analyst T. Romeo now anticipates that the business services provider will post earnings of $1.37 per share for the quarter, down from their previous estimate of $1.46. William Blair currently 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' FY2025 earnings at $5.08 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.58 EPS, FY2026 earnings at $5.74 EPS and FY2027 earnings at $6.39 EPS.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Several other equities analysts also recently commented on WCN. Scotiabank upped their price objective on Waste Connections from $202.00 to $208.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Truist Financial set a $220.00 price objective on Waste Connections in a research report on Friday, April 25th. Atb Cap Markets raised Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Melius began coverage on Waste Connections in a research report on Monday, June 9th. They issued a "buy" rating on the stock. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Waste Connections currently has a consensus rating of "Buy" and an average target price of $215.00.

Waste Connections Trading Down 0.0%

Waste Connections stock traded down $0.08 during mid-day trading on Monday, hitting $189.11. The company's stock had a trading volume of 168,325 shares, compared to its average volume of 1,139,336. The company has a 50 day moving average of $187.70 and a 200-day moving average of $188.85. The stock has a market cap of $48.86 billion, a PE ratio of 76.23, a P/E/G ratio of 3.46 and a beta of 0.60. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections has a one year low of $169.36 and a one year high of $201.66.

Institutional Investors Weigh In On Waste Connections

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Waste Connections in the fourth quarter valued at about $28,000. Ramirez Asset Management Inc. increased its holdings in shares of Waste Connections by 122.0% in the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after purchasing an additional 100 shares during the period. Oarsman Capital Inc. increased its holdings in shares of Waste Connections by 41.4% in the fourth quarter. Oarsman Capital Inc. now owns 222 shares of the business services provider's stock valued at $38,000 after purchasing an additional 65 shares during the period. Larson Financial Group LLC increased its holdings in shares of Waste Connections by 994.4% in the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider's stock valued at $38,000 after purchasing an additional 179 shares during the period. Finally, Global Financial Private Client LLC increased its holdings in shares of Waste Connections by 890.0% in the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock valued at $39,000 after purchasing an additional 178 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Dividend Announcement

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 $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, August 6th. Waste Connections's dividend payout ratio (DPR) is presently 50.81%.

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.