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NYSE:WCN

Waste Connections (WCN) Stock Price, News & Analysis

$164.93
-0.84 (-0.51%)
(As of 11:21 AM ET)
Today's Range
$164.59
$166.29
50-Day Range
$154.34
$172.12
52-Week Range
$126.12
$173.02
Volume
124,006 shs
Average Volume
877,079 shs
Market Capitalization
$42.56 billion
P/E Ratio
55.72
Dividend Yield
0.69%
Price Target
$177.69

Waste Connections MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
7.2% Upside
$177.69 Price Target
Short Interest
Healthy
0.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.10
Upright™ Environmental Score
News Sentiment
0.78mentions of Waste Connections in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$152,591 Sold Last Quarter
Proj. Earnings Growth
13.61%
From $4.85 to $5.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Business Services Sector

16th out of 321 stocks

Refuse Systems Industry

3rd out of 6 stocks

WCN stock logo

About Waste Connections Stock (NYSE:WCN)

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. The company owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

WCN Stock Price History

WCN Stock News Headlines

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WCN Mar 2024 130.000 call
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I recently shot this video outside what could be Elon Musk’s biggest secret. What’s happening inside these walls is so important that our government has declared it a matter of national security.
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Waste Connections Announces Senior Notes Offering
Waste Connections Announces Senior Notes Offering
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/13 Dividend
2/27/2024
Dividend Payable
3/13/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
N/A
Employees
22,539
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$177.69
High Stock Price Target
$217.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+7.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$762.80 million
Pretax Margin
12.26%

Debt

Sales & Book Value

Annual Sales
$8.02 billion
Cash Flow
$8.05 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
257,219,000
Market Cap
$42.78 billion
Optionable
Optionable
Beta
0.66

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Should I Buy Waste Connections Stock? WCN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Waste Connections, Inc.:

  • Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada, offering a stable and essential service with consistent demand.
  • The company offers recycling services for various recyclable materials, aligning with the growing focus on sustainability and environmental responsibility, which can attract socially conscious investors.
  • With a diversified customer base including residential, commercial, municipal, industrial, and exploration and production customers, Waste Connections, Inc. has multiple revenue streams that can help mitigate risks associated with dependency on a single market segment.
  • Recent developments in waste management regulations and increased awareness of environmental issues have created opportunities for Waste Connections, Inc. to expand its services and potentially increase profitability.
  • Investors may find the current stock price of Waste Connections, Inc. attractive, considering the company's strong market position and growth potential in the waste management industry.

Cons

Investors should be bearish about investing in Waste Connections, Inc. for these reasons:

  • As with any company operating in the waste management sector, Waste Connections, Inc. may face regulatory challenges and compliance costs that could impact its profitability.
  • Fluctuations in commodity prices, especially for recyclable materials like cardboard and metals, can affect the company's revenue and margins, posing a risk to investors.
  • Competition in the waste management industry is intense, with both established players and new entrants vying for market share, potentially leading to pricing pressures and reduced profitability for Waste Connections, Inc.
  • Macroeconomic factors such as economic downturns or changes in consumer behavior can influence the demand for waste management services, affecting Waste Connections, Inc.'s financial performance.
  • Investors should carefully consider the potential impact of any future environmental regulations or shifts in waste management practices on Waste Connections, Inc.'s operations and bottom line.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Waste Connections pros and cons to contact@marketbeat.com.

WCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Waste Connections stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WCN shares.
View WCN analyst ratings
or view top-rated stocks.

What is Waste Connections' stock price target for 2024?

17 brokerages have issued 12-month price targets for Waste Connections' stock. Their WCN share price targets range from $152.00 to $217.00. On average, they anticipate the company's stock price to reach $177.69 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for WCN
or view top-rated stocks among Wall Street analysts.

How have WCN shares performed in 2024?

Waste Connections' stock was trading at $149.27 at the start of the year. Since then, WCN stock has increased by 11.1% and is now trading at $165.79.
View the best growth stocks for 2024 here
.

Are investors shorting Waste Connections?

Waste Connections saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 1,270,000 shares, a drop of 24.4% from the February 29th total of 1,680,000 shares. Based on an average daily volume of 920,900 shares, the short-interest ratio is currently 1.4 days. Currently, 0.5% of the company's shares are sold short.
View Waste Connections' Short Interest
.

When is Waste Connections' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our WCN earnings forecast
.

How can I listen to Waste Connections' earnings call?

Waste Connections will be holding an earnings conference call on Thursday, April 25th 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 "4074999".

How were Waste Connections' earnings last quarter?

Waste Connections, Inc. (NYSE:WCN) announced its quarterly earnings data on Tuesday, February, 13th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.08 by $0.03. The business services provider earned $2.04 billion during the quarter, compared to analyst estimates of $2.04 billion. Waste Connections had a trailing twelve-month return on equity of 14.42% and a net margin of 9.51%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS.

How often does Waste Connections pay dividends? What is the dividend yield for Waste Connections?

Waste Connections declared a quarterly dividend on Tuesday, February 13th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.285 per share on Wednesday, March 13th. This represents a $1.14 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, February 27th.
Read our dividend analysis for WCN
.

Is Waste Connections a good dividend stock?

Waste Connections (NYSE:WCN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 0.68%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 20.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

When did Waste Connections' stock split?

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 created shares were distributed to shareholders after the closing bell on Friday, June 16th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What guidance has Waste Connections issued on next quarter's earnings?

Waste Connections issued an update on its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Worthing Jackman's approval rating as Waste Connections' CEO?

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.

What other stocks do shareholders of Waste Connections own?

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), Xtrackers California Municipal Bond ETF (CA), Alibaba Group (BABA), BlackRock (BLK), Visa (V), Home Depot (HD), Micron Technology (MU).

Who are Waste Connections' major shareholders?

Waste Connections' stock is owned by a variety of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.03%), Perpetual Ltd (0.02%), Massmutual Trust Co. FSB ADV (0.02%), Contravisory Investment Management Inc. (0.02%), Appleton Partners Inc. MA (0.02%) and Wealthcare Advisory Partners LLC (0.01%). Insiders that own company stock include Andrea E Bertone, Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Patrick James Shea, Philip Rivard, Robert Michael Cloninger, Susan Netherton and William J Razzouk.
View institutional ownership trends
.

How do I buy shares of Waste Connections?

Shares of WCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WCN) was last updated on 4/16/2024 by MarketBeat.com Staff

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