Waste Connections (WCN) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WCN shares.
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12 analysts have issued twelve-month price targets for Waste Connections' shares. Their WCN share price forecasts range from $155.00 to $171.00. On average, they anticipate the company's stock price to reach $160.08 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
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Waste Connections' stock was trading at $132.56 at the start of the year. Since then, WCN shares have increased by 2.8% and is now trading at $136.30.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Waste Connections will be holding an earnings conference call on Thursday, October 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5793196".

Waste Connections, Inc. (NYSE:WCN) issued its quarterly earnings data on Wednesday, August, 2nd. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.01. The business services provider had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. Waste Connections had a trailing twelve-month return on equity of 14.01% and a net margin of 10.93%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS.

Waste Connections announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.255 per share on Wednesday, August 30th. This represents a $1.02 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, August 15th.
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) and BlackRock Future U.S. Themes ETF (BTHM).iShares Global Industrials ETF (EXI).

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 31.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 21.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

Shares of Waste Connections split before market open on Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were issued 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 third quarter 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.06 billion-$2.06 billion, compared to the consensus revenue estimate of $2.09 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 Capital International Investors (3.76%), Royal Bank of Canada (3.64%), WCM Investment Management LLC (3.52%), BlackRock Inc. (3.49%), Bank of Montreal Can (3.21%) and Capital World Investors (2.04%). 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, Susan Netherton and William J Razzouk.
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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 $136.30.

Waste Connections (NYSE:WCN) has a market capitalization of $35.11 billion and generates $7.21 billion in revenue each year. The business services provider earns $835.66 million in net income (profit) each year or $3.25 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.