Waste Connections - WCN Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WCN shares.
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8 analysts have issued 1 year price objectives for Waste Connections' stock. Their WCN share price forecasts range from $135.00 to $165.00. On average, they predict the company's stock price to reach $151.63 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
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Waste Connections' stock was trading at $136.27 at the beginning of the year. Since then, WCN shares have increased by 6.7% and is now trading at $145.45.
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Waste Connections saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 4,010,000 shares, an increase of 19.3% from the October 31st total of 3,360,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is currently 3.4 days. Approximately 1.6% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Waste Connections, Inc. (NYSE:WCN) announced its earnings results on Wednesday, November, 2nd. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business services provider earned $1.88 billion during the quarter, compared to analysts' expectations of $1.87 billion. Waste Connections had a net margin of 11.59% and a trailing twelve-month return on equity of 14.10%.

Waste Connections announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Wednesday, November 16th will be paid a dividend of $0.255 per share on Thursday, December 1st. This represents a $1.02 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 15th. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for WCN.

Waste Connections (NYSE:WCN) pays an annual dividend of $1.02 per share and currently has a dividend yield of 0.70%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 23.94% 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 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.

Waste Connections issued an update on its fourth quarter 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.84 billion-$1.84 billion, compared to the consensus revenue estimate of $2.52 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.56%), Bank of Montreal Can (4.39%), BlackRock Inc. (3.88%), Royal Bank of Canada (3.61%), WCM Investment Management LLC (3.36%) and Price T Rowe Associates Inc. MD (3.19%). Insiders that own company stock include Brian Harris, Eric Hansen, James Little, Jason Craft, Matthew Stephen Black, Patrick James Shea, Ronald J Mittelstaedt, Susan Netherton, William J Razzouk and Worthing Jackman.
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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 $145.45.

Waste Connections (NYSE:WCN) has a market capitalization of $37.41 billion and generates $6.15 billion in revenue each year. The business services provider earns $618.05 million in net income (profit) each year or $3.12 on an earnings per share basis.

The company employs 19,998 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.