What is William Blair’s Forecast for WCN Q3 Earnings?

Waste Connections, Inc. (NYSE:WCN) – Equities researchers at William Blair issued their Q3 2025 earnings per share (EPS) estimates for shares of Waste Connections in a report released on Thursday, April 24th. William Blair analyst T. Romeo anticipates that the business services provider will post earnings of $1.48 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share. William Blair also issued estimates for Waste Connections’ Q4 2025 earnings at $1.35 EPS, Q1 2026 earnings at $1.22 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.68 EPS and Q4 2026 earnings at $1.55 EPS.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. Waste Connections had a return on equity of 15.54% and a net margin of 6.92%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion.

Several other research firms have also weighed in on WCN. Morgan Stanley upped their price target on Waste Connections from $214.00 to $219.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Citigroup cut their price objective on Waste Connections from $218.00 to $209.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group decreased their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. StockNews.com downgraded Waste Connections from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Scotiabank increased their price objective on Waste Connections from $192.00 to $207.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and an average price target of $204.43.

Waste Connections Stock Up 0.5 %

WCN stock opened at $196.74 on Friday. Waste Connections has a 52 week low of $160.34 and a 52 week high of $201.66. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 82.32, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The firm’s 50-day moving average is $190.74 and its two-hundred day moving average is $184.85.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be given a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $1.26 dividend on an annualized basis and a yield of 0.64%. Waste Connections’s dividend payout ratio (DPR) is presently 51.85%.

Institutional Trading of Waste Connections

Several large investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new position in shares of Waste Connections in the 4th quarter worth approximately $26,000. Private Trust Co. NA grew its holdings in shares of Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider’s stock worth $26,000 after purchasing an additional 92 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Waste Connections in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd bought a new position in shares of Waste Connections in the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC grew its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

About Waste Connections

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.