Zacks Research Issues Positive Forecast for TSE:WCN Earnings

Waste Connections, Inc. (TSE:WCN) – Investment analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for Waste Connections in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $6.75 for the year, up from their prior forecast of $6.57. The consensus estimate for Waste Connections’ current full-year earnings is $9.98 per share. Zacks Research also issued estimates for Waste Connections’ Q4 2024 earnings at $1.68 EPS, Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.92 EPS, Q3 2025 earnings at $2.03 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $7.48 EPS, Q1 2026 earnings at $2.14 EPS, Q2 2026 earnings at $2.18 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $8.47 EPS.

A number of other analysts have also weighed in on the company. Eight Capital set a C$270.00 target price on Waste Connections and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Scotiabank upgraded Waste Connections to a “hold” rating in a research note on Friday, October 4th. Finally, ATB Capital increased their target price on Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$205.10.

Waste Connections Stock Performance

WCN stock opened at C$260.64 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The business’s fifty day simple moving average is C$248.80 and its two-hundred day simple moving average is C$241.97. Waste Connections has a twelve month low of C$178.43 and a twelve month high of C$263.78. The firm has a market cap of C$67.24 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 2.22 and a beta of 0.72.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.426 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 annualized dividend and a dividend yield of 0.65%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s dividend payout ratio (DPR) is currently 34.37%.

Insider Activity

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 571 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$252.28, for a total value of C$144,051.88. Also, Director Edward E. Guillet sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total value of C$1,996,164.00. Over the last 90 days, insiders have sold 9,571 shares of company stock worth $2,400,841. Company insiders own 0.21% of the company’s stock.

Waste Connections Company Profile

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.