Waste Connections (WCN) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WCN shares.
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8 brokers have issued 1 year target prices for Waste Connections' stock. Their WCN share price forecasts range from $135.00 to $165.00. On average, they expect the company's share price to reach $156.22 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for WCN or view top-rated stocks among Wall Street analysts.

Waste Connections' stock was trading at $132.56 at the beginning of 2023. Since then, WCN shares have increased by 2.5% and is now trading at $135.83.
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Waste Connections saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,430,000 shares, a decline of 23.8% from the April 15th total of 3,190,000 shares. Based on an average trading volume of 928,600 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.0% of the shares of the stock are short sold.
View Waste Connections' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our WCN earnings forecast.

Waste Connections, Inc. (NYSE:WCN) issued its quarterly earnings data on Wednesday, April, 26th. The business services provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. The business services provider had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Waste Connections had a net margin of 11.43% and a trailing twelve-month return on equity of 14.22%. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS.

Waste Connections declared a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, May 10th will be paid a dividend of $0.255 per share on Wednesday, May 24th. This represents a $1.02 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, May 9th.
Read our dividend analysis for WCN.

ETFs with the largest weight of Waste Connections (NYSE:WCN) stock in their portfolio include iShares MSCI USA Min Vol Factor ETF (USMV), BlackRock Future U.S. Themes ETF (BTHM), Capital Group Core Equity ETF (CGUS), iShares Global Industrials ETF (EXI), Capital Group Growth ETF (CGGR), iShares MSCI Global Min Vol Factor ETF (ACWV), iShares ESG Advanced MSCI USA ETF (USXF) and iShares International Dividend Growth ETF (IGRO).

Waste Connections (NYSE:WCN) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.75%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 21.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

Waste Connections's stock split on the morning of Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were payable to shareholders after the market closes on Friday, June 16th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Waste Connections updated its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.00 billion-$2.00 billion, compared to the consensus revenue estimate of $2.04 billion.

92 employees have rated Waste Connections Chief Executive Officer Worthing Jackman on Glassdoor.com. Worthing Jackman has an approval rating of 95% among the company's employees. This puts Worthing Jackman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Waste Connections investors own include Hawkins (HWKN), Waste Management (WM), Ingersoll Rand (IR), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Visa (V), Home Depot (HD), Micron Technology (MU).

Waste Connections trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCN."

Waste Connections' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.51%), WCM Investment Management LLC (3.37%), Pictet Asset Management SA (2.44%), FMR LLC (2.06%), Price T Rowe Associates Inc. MD (2.03%) and 1832 Asset Management L.P. (1.44%). Insiders that own company stock include Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Matthew Stephen Black, Patrick James Shea, Robert Michael Cloninger, Ronald J Mittelstaedt, Susan Netherton and William J Razzouk.
View institutional ownership trends.

Shares of WCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WCN stock can currently be purchased for approximately $135.83.

Waste Connections (NYSE:WCN) has a market capitalization of $34.98 billion and generates $7.47 billion in revenue each year. The business services provider earns $835.66 million in net income (profit) each year or $3.31 on an earnings per share basis.

The company employs 22,109 workers across the globe.

Waste Connections' mailing address is 610 APPLEWOOD CRESCENT SUITE 200, VAUGHAN A6, L4K 0C3. The official website for the company is www.wasteconnections.com. The business services provider can be reached via phone at (905) 532-7510, via email at chaya.cooperberg@progressivewaste.com, or via fax at 905-532-7580.