About Waste Connections (NYSE:WCN)
Waste Connections, Inc. is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment. Through its R360 Environmental Solutions subsidiary, it also provides non-hazardous exploration and production, or E&P, waste treatment, recovery and disposal services in various natural resource producing areas in the United States. It also provides intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. As of December 31, 2016, it served residential, commercial, industrial and exploration and production (E&P) customers in 40 states and the District of Columbia in the United States and five provinces in Canada.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Waste Management, Disposal & Recycling Services
- Sub-Industry: N/A
- Symbol: NYSE:WCN
- CUSIP: N/A
- Web: www.wasteconnections.com
- Market Cap: $18.63 billion
- Outstanding Shares: 263,425,000
- 50 Day Moving Avg: $69.31
- 200 Day Moving Avg: $64.76
- 52 Week Range: $48.78 - $71.04
Sales & Book Value:
- Trailing P/E Ratio: 60.03
- Foreward P/E Ratio: 29.34
- P/E Growth: 2.62
- Annual Revenue: $4.4 billion
- Price / Sales: 4.23
- Book Value: $22.02 per share
- Price / Book: 3.21
- Annual Dividend: $0.48
- Dividend Yield: 0.7%
- EBITDA: $1.37 billion
- Net Margins: 7.11%
- Return on Equity: 9.19%
- Return on Assets: 4.59%
- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 1.45%
- Quick Ratio: 1.45%
- Average Volume: 697,077 shs.
- Beta: 0.23
- Short Ratio: 4.5
Frequently Asked Questions for Waste Connections (NYSE:WCN)
What is Waste Connections' stock symbol?
Waste Connections trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCN."
How often does Waste Connections pay dividends? What is the dividend yield for Waste Connections?
Waste Connections declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Tuesday, August 8th will be paid a dividend of $0.12 per share on Tuesday, August 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, August 4th. View Waste Connections' Dividend History.
When did Waste Connections' stock split? How did Waste Connections' stock split work?
Waste Connections's stock split before market open on Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly created shares were issued to shareholders after the closing bell on Friday, June 16th 2017. An investor that had 100 shares of Waste Connections stock prior to the split would have 150 shares after the split.
How will Waste Connections' stock buyback program work?
Waste Connections announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 3rd 2017, which permits the company to buyback 13,180,000 shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
How were Waste Connections' earnings last quarter?
Waste Connections, Inc. (NYSE:WCN) released its quarterly earnings results on Tuesday, July, 25th. The company reported $0.55 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.02. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Waste Connections had a return on equity of 9.19% and a net margin of 7.11%. The company's revenue was up 61.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. View Waste Connections' Earnings History.
Where is Waste Connections' stock going? Where will Waste Connections' stock price be in 2017?
10 analysts have issued 12 month price objectives for Waste Connections' stock. Their forecasts range from $60.00 to $80.00. On average, they anticipate Waste Connections' stock price to reach $73.67 in the next twelve months. View Analyst Ratings for Waste Connections.
What are analysts saying about Waste Connections stock?
Here are some recent quotes from research analysts about Waste Connections stock:
- 1. According to Zacks Investment Research, "Waste Connections has outperformed the industry year to date. With prime location of disposal sites within competitive markets, Waste Connections has optimal asset positioning to generate higher profitability. Its merger with Progressive Waste Solutions is expected to generate about $50 million in annualized SG&A cost savings within the first 12 months after closing. An experienced management team and decentralized operations remain additional tailwinds. However, seasonal factors and stiff competition remain headwinds. The volatility in crude oil prices is expected to impair the profitability and creditworthiness of Waste Connections and adversely affect the level of investment and linear feet drilled in the basins where it operates. In addition, the industry is subject to regular enactment of new or amended federal, state and local statutes and regulations that further impose substantial capital and operational limitations." (10/16/2017)
- 2. Wedbush analysts commented, "We continue to view Waste Connections' (WCN) favorable franchise market structure as well as its focus on secondary markets as significant barriers to entry driving high cash flow conversion on an incremental ton of municipal solid waste. We look for WCN to benefit from core price-volume growth discipline and optimization of the Progressive Waste (Progressive) assets. We are comfortable with low-mid-single-digit top-line organic growth along with leading cash flow conversion as reasons for shares to remain a core holding in Small-Mid Cap growth portfolios. Furthermore, we remain confident in capital allocation decisions including further strategic acquisitions with net debt/EBITDA leverage ratio below 3.0x. 4Q revenue of $1.049 billion and AEBITDA of $325.4 million beat our estimates as top line exceeds internal budgets by ~3%. In part, revenue quality was better than management had feared while higher core price, volumes and recycling prices all beat our estimates' 2017 M&A environment should be favorable and WCN is likely to see additional transactions aggregating in excess of $125 million in revenue." (2/23/2017)
Who are some of Waste Connections' key competitors?
Some companies that are related to Waste Connections include Stericycle (SRCL), Advanced Disposal Services (ADSW), Covanta Holding Corporation (CVA), US Ecology (ECOL), Renewi PLC (RWI), Casella Waste Systems (CWST), Biffa PLC (BIFF), Heritage-Crystal Clean (HCCI), Sharps Compliance Corp (SMED), Perma-Fix Environmental Services (PESI), Augean plc (AUG), Vertex Energy (VTNR), Marathon Patent Group (MARA) and Renewi PLC (SKS).
Who are Waste Connections' key executives?
Waste Connections' management team includes the folowing people:
- Ronald James Mittelstaedt, Chairman of the Board, Chief Executive Officer
- Steven F. Bouck, President
- Worthing F. Jackman, Chief Financial Officer, Executive Vice President
- Darrell W. Chambliss, Chief Operating Officer, Executive Vice President
- David G. Eddie, Senior Vice President, Chief Accounting Officer
- Patrick J. Shea, Senior Vice President, General Counsel, Secretary
- David M. Hall, Senior Vice President - Sales and Marketing
- Matthew S. Black, Senior Vice President, Chief Tax Officer
- James Michael Little, Senior Vice President - Engineering and Disposal
- Eric O. Hansen, Vice President, Chief Information Officer
Who owns Waste Connections stock?
Waste Connections' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.13%), Nationwide Fund Advisors (0.12%), Barometer Capital Management Inc. (0.07%), Assenagon Asset Management S.A. (0.01%), Robeco Institutional Asset Management B.V. (0.00%) and Spirit of America Management Corp NY (0.00%). Company insiders that own Waste Connections stock include Darrell W Chambliss, David Eddie, David M Hall, Edward E Guillet, James Little, Matthew Stephen Black, Michael W Harlan, Patrick James Shea, Ronald J Mittelstaedt, Steven F Bouck, Susan Lee, William J Razzouk and Worthing Jackman. View Institutional Ownership Trends for Waste Connections.
Who sold Waste Connections stock? Who is selling Waste Connections stock?
Waste Connections' stock was sold by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc. and Nationwide Fund Advisors. Company insiders that have sold Waste Connections stock in the last year include Darrell W Chambliss, David Eddie, David M Hall, Edward E Guillet, James Little, Michael W Harlan, Patrick James Shea, Ronald J Mittelstaedt, Steven F Bouck and Worthing Jackman. View Insider Buying and Selling for Waste Connections.
Who bought Waste Connections stock? Who is buying Waste Connections stock?
Waste Connections' stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., APG Asset Management N.V. and Spirit of America Management Corp NY. View Insider Buying and Selling for Waste Connections.
How do I buy Waste Connections stock?
Shares of Waste Connections can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Waste Connections' stock price today?
MarketBeat Community Rating for Waste Connections (NYSE WCN)MarketBeat's community ratings are surveys of what our community members think about Waste Connections and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Waste Connections stock can currently be purchased for approximately $70.71.
Consensus Ratings for Waste Connections (NYSE:WCN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 8 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$73.67 (4.18% upside)|Consensus Price Target History for Waste Connections (NYSE:WCN)
Analysts' Ratings History for Waste Connections (NYSE:WCN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||KeyCorp||Boost Price Target||Overweight||$72.00 -> $75.00||N/A|
|10/4/2017||Stifel Nicolaus||Boost Price Target||Buy||$75.00 -> $80.00||High|
|8/7/2017||Barclays PLC||Boost Price Target||Overweight||$70.00 -> $76.00||Low|
|7/27/2017||Credit Suisse Group||Set Price Target||Buy||$75.00||Low|
|7/27/2017||Raymond James Financial, Inc.||Boost Price Target||Strong-Buy||$74.00 -> $75.00||Low|
|7/27/2017||TD Securities||Boost Price Target||Hold||$67.00 -> $73.00||Low|
|7/27/2017||Royal Bank Of Canada||Boost Price Target||Outperform||$74.00 -> $76.00||Low|
|6/23/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$64.00 -> $70.00||Low|
|4/28/2017||Wedbush||Reiterated Rating||Outperform -> Outperform||$62.00 -> $76.67||Low|
|11/1/2016||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy||$60.00||N/A|
|8/5/2016||Gabelli||Upgrade||Hold -> Buy||N/A|
|8/5/2016||Imperial Capital||Boost Price Target||Outperform||$53.33 -> $56.67||N/A|
|7/15/2016||BMO Capital Markets||Reiterated Rating||Outperform||$50.67||N/A|
|6/1/2016||CIBC||Initiated Coverage||Sector Outperform||N/A|
|5/2/2016||BB&T Corporation||Downgrade||Buy -> Hold||N/A|
|4/6/2016||National Bank Financial||Boost Price Target||$20.00||N/A|
|3/22/2016||Sterne Agee CRT||Initiated Coverage||Buy||N/A|
|12/17/2015||J P Morgan Chase & Co||Initiated Coverage||Overweight||$40.67||N/A|
Earnings History for Waste Connections (NYSE:WCN)Earnings History by Quarter for Waste Connections (NYSE WCN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||6/30/2017||$0.53||$0.55||$1.15 billion||$1.18 billion||View||N/A|
|4/26/2017||Q1 17||$0.46||$0.49||$1.08 billion||$1.09 billion||View||N/A|
|2/21/2017||Q416||$0.43||$0.45||$1.02 billion||$1.05 billion||View||N/A|
|10/26/2016||Q316||$0.47||$0.48||$1.07 billion||$1.08 billion||View||N/A|
|8/3/2016||Q216||$0.36||$0.44||$713.58 million||$727.60 million||View||N/A|
|4/27/2016||$0.13||$0.17||$459.16 million||$471.40 million||View||N/A|
|4/27/2016||Q116||$0.31||$0.30||$515.19 million||$514.68 million||View||N/A|
|2/24/2016||Q415||$0.21||$0.24||$483.74 million||$483.90 million||View||N/A|
|2/8/2016||Q415||$0.31||$0.33||$520.98 million||$531.90 million||View||N/A|
|10/30/2015||Q315||$0.19||$0.23||$489.30 million||$488.50 million||View||N/A|
|10/26/2015||Q315||$0.35||$0.36||$548.22 million||$547.90 million||View||Listen|
|7/30/2015||Q215||$0.19||$0.19||$488.50 million||$493.00 million||View||N/A|
|7/27/2015||Q215||$0.33||$0.33||$529.14 million||$531.31 million||View||Listen|
|4/30/2015||Q115||$0.16||$0.17||$457.70 million||$460.21 million||View||N/A|
|4/27/2015||Q115||$0.31||$0.31||$509.60 million||$506.10 million||View||N/A|
|2/26/2015||Q414||$0.23||$0.23||$503.99 million||$504.60 million||View||N/A|
|2/9/2015||Q414||$0.33||$0.34||$517.60 million||$526.20 million||View||N/A|
|10/30/2014||$0.19||$0.24||$575.25 million||$521.20 million||View||N/A|
|10/30/2014||Q314||$0.19||$0.24||$522.60 million||$521.20 million||View||N/A|
|10/21/2014||Q314||$0.36||$0.37||$533.96 million||$546.60 million||View||N/A|
|7/25/2014||Q214||$0.17||$0.24||$511.68 million||$513.50 million||View||N/A|
|7/21/2014||Q214||$0.35||$0.35||$519.28 million||$524.70 million||View||N/A|
|4/21/2014||Q114||$0.27||$0.29||$473.71 million||$481.70 million||View||Listen|
|2/13/2014||Q413||$0.17||$0.19||$500.61 million||$502.00 million||View||N/A|
|2/11/2014||Q413||$0.29||$0.29||$479.59 million||$485.90 million||View||Listen|
|10/24/2013||Q313||$0.20||$0.18||$511.90 million||$520.70 million||View||N/A|
|10/23/2013||Q313||$0.34||$0.34||$501.95 million||$503.60 million||View||Listen|
|7/30/2013||Q213||$0.17||$0.19||$502.63 million||$516.80 million||View||N/A|
|7/23/2013||Q2 2013||$0.29||$0.31||$481.88 million||$489.38 million||View||Listen|
|5/1/2013||Q113||$0.13||$0.17||$466.73 million||$486.60 million||View||N/A|
|4/24/2013||Q1 2013||$0.22||$0.25||$449.45 million||$449.90 million||View||Listen|
|2/14/2013||Q412||$0.17||$0.16||$472.84 million||$495.82 million||View||N/A|
|2/20/2013||Q4 2012||$0.25||$0.25||$445.70 million||$448.80 million||View||Listen|
|10/26/2012||Q312||$0.21||$0.19||$496.16 million||$487.20 million||View||N/A|
Earnings Estimates for Waste Connections (NYSE:WCN)
2017 EPS Consensus Estimate: $2.62
2018 EPS Consensus Estimate: $2.90
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Waste Connections (NYSE:WCN)
|Most Recent Dividend:||8/22/2017|
|Dividend Growth:||14.00% (3 Year Average)|
|Payout Ratio:||40.56% (Trailing 12 Months of Earnings) |
22.64% (Based on This Year's Estimates)
19.92% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Waste Connections (NYSE WCN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Waste Connections (NYSE:WCN)
Insider Ownership Percentage: 0.68%Insider Trades by Quarter for Waste Connections (NYSE:WCN)
Institutional Ownership Percentage: 82.57%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/2/2017||Edward E. Guillet||Director||Sell||11,500||$65.27||$750,605.00|| |
|8/1/2017||Darrell W. Chambliss||COO||Sell||25,000||$65.05||$1,626,250.00|| |
|7/31/2017||James Little||Insider||Sell||3,000||$64.81||$194,430.00|| |
|7/28/2017||Worthing Jackman||CFO||Sell||30,000||$65.00||$1,950,000.00|| |
|6/7/2017||Steven F. Bouck||President||Sell||15,000||$96.05||$1,440,750.00|| |
|6/6/2017||Susan Lee||Director||Buy||800||$96.97||$77,576.00|| |
|6/5/2017||Michael W. Harlan||Director||Sell||3,400||$96.49||$328,066.00|| |
|6/2/2017||Patrick James Shea||VP||Sell||6,000||$96.95||$581,700.00|| |
|5/16/2017||Susan Lee||Director||Buy||1,200||$92.05||$110,460.00|| |
|2/13/2017||Darrell W Chambliss||COO||Sell||4,773||$80.24||$382,985.52|| |
|2/13/2017||David Eddie||VP||Sell||2,962||$80.24||$237,670.88|| |
|2/13/2017||David M Hall||Insider||Sell||1,748||$80.25||$140,277.00|| |
|2/13/2017||Ronald J Mittelstaedt||CEO||Sell||9,744||$80.22||$781,663.68|| |
|2/13/2017||Steven F Bouck||President||Sell||4,212||$80.24||$337,970.88|| |
|2/13/2017||Worthing Jackman||CFO||Sell||5,319||$80.24||$426,796.56|| |
|11/4/2016||James Little||Insider||Sell||2,000||$74.15||$148,300.00|| |
|8/17/2016||Darrell W Chambliss||COO||Sell||2,000||$77.42||$154,840.00|| |
|8/10/2016||William J Razzouk||Director||Sell||4,400||$78.69||$346,236.00|| |
|6/10/2016||Patrick James Shea||VP||Sell||5,000||$73.05||$365,250.00|| |
|6/6/2016||James Little||VP||Sell||3,000||$70.60||$211,800.00|| |
|12/2/2015||Matthew Stephen Black||VP||Sell||2,300||$55.31||$127,213.00|| |
|11/11/2015||David M Hall||VP||Sell||12,030||$55.29||$665,138.70|| |
|11/11/2015||Steven F Bouck||President||Sell||10,000||$55.41||$554,100.00|| |
|11/10/2015||Darrell W. Chambliss||COO||Sell||13,700||$55.04||$754,048.00|| |
|11/10/2015||Worthing Jackman||CFO||Sell||19,375||$54.98||$1,065,237.50|| |
|9/10/2015||Michael W Harlan||Director||Sell||4,100||$48.33||$198,153.00|| |
|5/1/2015||Eric Hansen||VP||Sell||1,418||$47.26||$67,014.68|| |
|3/10/2015||Richard Keith Wojahn||VP||Sell||2,000||$47.04||$94,080.00|| |
|3/9/2015||Matthew Stephen Black||VP||Sell||2,000||$46.94||$93,880.00|| |
|3/4/2015||James Little||VP||Sell||7,500||$46.97||$352,275.00|| |
|3/3/2015||Scott Irving Schreiber||VP||Sell||4,482||$47.50||$212,895.00|| |
|2/19/2015||Eric Hansen||VP||Sell||3,884||$46.58||$180,916.72|| |
|11/18/2014||Steven F Bouck||President||Sell||5,000||$50.74||$253,700.00|| |
|8/25/2014||Gregory Thibodeaux||VP||Sell||1,113||$48.61||$54,102.93|| |
|7/29/2014||Richard Keith Wojahn||VP||Sell||1,000||$48.53||$48,530.00|| |
|7/28/2014||David M Hall||VP||Sell||9,161||$48.13||$440,918.93|| |
|7/25/2014||James Little||VP||Sell||5,000||$48.64||$243,200.00|| |
|6/10/2014||Mary Anne Whitney||VP||Sell||2,000||$47.01||$94,020.00|| |
|6/5/2014||Darrell W Chambliss||COO||Sell||20,000||$46.29||$925,800.00|| |
|4/29/2014||Scott Irving Schreiber||VP||Sell||3,036||$45.14||$137,045.04|| |
|4/24/2014||Patrick James Shea||VP||Sell||4,000||$44.79||$179,160.00|| |
|3/4/2014||Eric Hansen||VP||Sell||4,965||$43.74||$217,169.10|| |
|3/3/2014||James Little||VP||Sell||4,898||$43.12||$211,201.76|| |
|2/18/2014||Richard Keith Wojahn||VP||Sell||3,000||$44.10||$132,300.00|| |
|2/14/2014||Eric Hansen||VP||Sell||2,122||$44.23||$93,856.06|| |
|12/9/2013||James Little||VP||Sell||2,905||$44.22||$128,459.10|| |
|12/9/2013||Steven Bouck||President||Sell||8,401||$44.39||$372,920.39|| |
|11/18/2013||David Hall||VP||Sell||29,650||$43.75||$1,297,187.50|| |
|10/28/2013||Worthing Jackman||CFO||Sell||17,250||$44.05||$759,862.50|| |
|10/25/2013||Robert Davis||Director||Sell||1,000||$44.21||$44,210.00|| |
|9/6/2013||Michael W Harlan||Director||Sell||15,000||$42.41||$636,150.00|| |
|8/12/2013||Richard Keith Wojahn||VP||Sell||2,179||$43.69||$95,200.51|| |
|8/6/2013||Robert Davis||Director||Sell||1,000||$43.67||$43,670.00|| |
|5/14/2013||Gregory Thibodeaux||VP||Sell||2,500||$38.84||$97,100.00|| |
|5/7/2013||Darrell W Chambliss||COO||Sell||18,853||$38.04||$717,168.12|| |
|2/27/2013||Scott Irving Schreiber||VP||Sell||3,000||$34.28||$102,840.00|| |
|2/26/2013||Richard Keith Wojahn||VP||Sell||3,000||$34.15||$102,450.00|| |
Headline Trends for Waste Connections (NYSE:WCN)
Latest Headlines for Waste Connections (NYSE:WCN)
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Waste Connections (WCN) Chart for Monday, October, 23, 2017