Waste Connections - WCN Stock Forecast, Price & News

8 Wall Street 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 analysts is that investors should "buy" WCN shares.
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8 brokers have issued 12-month price targets for Waste Connections' stock. Their WCN share price forecasts range from $135.00 to $165.00. On average, they anticipate the company's share price to reach $152.67 in the next year. This suggests a possible upside of 9.8% from the stock's current price.
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Waste Connections' stock was trading at $132.56 on January 1st, 2023. Since then, WCN shares have increased by 4.9% and is now trading at $139.07.
View the best growth stocks for 2023 here.

Waste Connections saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,170,000 shares, an increase of 20.5% from the February 28th total of 2,630,000 shares. Based on an average daily volume of 904,200 shares, the short-interest ratio is currently 3.5 days. Currently, 1.2% 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 Wednesday, April 26th 2023.
View our WCN earnings forecast.

Waste Connections will be holding an earnings conference call on Thursday, April 27th 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 "6074895".

Waste Connections, Inc. (NYSE:WCN) issued its quarterly earnings data on Wednesday, February, 15th. The business services provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. The business services provider earned $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Waste Connections had a trailing twelve-month return on equity of 14.23% and a net margin of 11.59%. Waste Connections's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS.

Waste Connections declared a quarterly dividend on Wednesday, February 15th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.255 per share on Wednesday, March 15th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, February 28th.
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) and iShares ESG Advanced MSCI USA ETF (USXF).

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 31.58%. 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.

Waste Connections shares 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 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 issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.90 billion-$1.90 billion, compared to the consensus revenue estimate of $1.86 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), Honeywell International (HON) and Micron Technology (MU).

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

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 $139.07.

Waste Connections (NYSE:WCN) has a market capitalization of $35.82 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 $3.23 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.