FY2025 EPS Estimate for Waste Connections Lifted by Analyst

Waste Connections, Inc. (NYSE:WCN) – Stock analysts at Atb Cap Markets lifted their FY2025 earnings per share estimates for shares of Waste Connections in a research report issued to clients and investors on Wednesday, October 22nd. Atb Cap Markets analyst C. Murray now expects that the business services provider will post earnings of $5.11 per share for the year, up from their previous estimate of $5.01. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share. Atb Cap Markets also issued estimates for Waste Connections’ Q3 2026 earnings at $1.59 EPS and Q4 2026 earnings at $1.42 EPS.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS.

WCN has been the subject of a number of other research reports. National Bankshares dropped their target price on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. Oppenheimer boosted their target price on Waste Connections from $205.00 to $206.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Stifel Nicolaus dropped their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Barclays restated a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. Finally, UBS Group set a $195.00 target price on Waste Connections and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and a consensus target price of $210.63.

Waste Connections Trading Down 0.3%

WCN stock opened at $174.23 on Monday. The company has a market cap of $44.70 billion, a P/E ratio of 72.59, a PEG ratio of 3.29 and a beta of 0.62. Waste Connections has a twelve month low of $169.36 and a twelve month high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $176.51 and a 200-day moving average of $185.15.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be issued a $0.35 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio is currently 52.50%.

Institutional Investors Weigh In On Waste Connections

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Waste Connections by 2.1% in the second quarter. Vanguard Group Inc. now owns 30,867,844 shares of the business services provider’s stock valued at $5,764,546,000 after purchasing an additional 620,600 shares during the last quarter. WCM Investment Management LLC increased its holdings in Waste Connections by 1.8% in the second quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock valued at $1,208,669,000 after purchasing an additional 117,939 shares during the last quarter. Mackenzie Financial Corp grew its stake in Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock valued at $975,190,000 after acquiring an additional 642,426 shares during the period. Norges Bank acquired a new position in Waste Connections in the second quarter valued at about $755,938,000. Finally, 1832 Asset Management L.P. grew its stake in Waste Connections by 3.4% in the second quarter. 1832 Asset Management L.P. now owns 3,995,575 shares of the business services provider’s stock valued at $746,054,000 after acquiring an additional 132,455 shares during the period. Institutional investors own 86.09% 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.