Equities research analysts expect Waste Connections, Inc. (NYSE:WCN) to post sales of $1.57 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Waste Connections’ earnings. The lowest sales estimate is $1.56 billion and the highest is $1.58 billion. Waste Connections reported sales of $1.39 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The business is scheduled to report its next earnings report on Wednesday, October 27th.
On average, analysts expect that Waste Connections will report full-year sales of $6.03 billion for the current year, with estimates ranging from $5.99 billion to $6.10 billion. For the next financial year, analysts forecast that the company will post sales of $6.50 billion, with estimates ranging from $6.34 billion to $6.63 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Waste Connections.
Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, August 4th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Waste Connections had a return on equity of 11.17% and a net margin of 10.95%. Waste Connections’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the company. Trustcore Financial Services LLC lifted its stake in shares of Waste Connections by 239.4% during the second quarter. Trustcore Financial Services LLC now owns 241 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Waste Connections during the first quarter valued at $32,000. Ameritas Investment Company LLC acquired a new position in shares of Waste Connections during the first quarter valued at $51,000. HM Payson & Co. lifted its stake in shares of Waste Connections by 62.5% during the first quarter. HM Payson & Co. now owns 486 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 187 shares during the period. Finally, Fifth Third Bancorp lifted its stake in Waste Connections by 1,637.9% in the first quarter. Fifth Third Bancorp now owns 504 shares of the business services provider’s stock valued at $54,000 after buying an additional 475 shares during the period. 79.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:WCN opened at $127.80 on Tuesday. The business’s fifty day moving average price is $126.91 and its two-hundred day moving average price is $119.87. Waste Connections has a fifty-two week low of $97.02 and a fifty-two week high of $133.48. The stock has a market capitalization of $33.29 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 1.38.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Wednesday, August 18th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, August 17th. Waste Connections’s dividend payout ratio (DPR) is presently 31.06%.
About Waste Connections
Waste Connections, Inc engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J.
Recommended Story: What is Forex?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.