Waste Connections (WCN) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 2 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WCN shares.
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12 analysts have issued 1-year price targets for Waste Connections' shares. Their WCN share price forecasts range from $155.00 to $171.00. On average, they predict the company's stock price to reach $160.08 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
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Waste Connections' stock was trading at $132.56 at the beginning of 2023. Since then, WCN stock has increased by 3.8% and is now trading at $137.57.
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Waste Connections saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,890,000 shares, an increase of 25.1% from the July 31st total of 2,310,000 shares. Based on an average trading volume of 864,200 shares, the short-interest ratio is presently 3.3 days. Currently, 1.1% of the company's stock are sold short.
View Waste Connections' Short Interest.

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

Waste Connections, Inc. (NYSE:WCN) posted its quarterly earnings data on Wednesday, August, 2nd. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The business services provider earned $2.02 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS.

Waste Connections declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.255 per share on Wednesday, August 30th. This represents a $1.02 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend 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 0.74%. 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 21.21% 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 on the morning of Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly minted 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 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 many different retail and institutional investors. Top institutional investors 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.
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 $137.57.

Waste Connections (NYSE:WCN) has a market capitalization of $35.44 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.