Waste Connections (WCN) Scheduled to Post Quarterly Earnings on Wednesday

Waste Connections (TSE:WCN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of C$1.62 per share for the quarter.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, topping the consensus estimate of C$1.38 by C$0.02. Waste Connections had a return on equity of 10.57% and a net margin of 9.70%. The company had revenue of C$2.79 billion for the quarter, compared to analysts’ expectations of C$2.78 billion.

Waste Connections Stock Performance

Shares of WCN stock opened at C$249.78 on Tuesday. The business’s 50 day simple moving average is C$234.92 and its 200 day simple moving average is C$225.90. Waste Connections has a one year low of C$174.74 and a one year high of C$250.31. The stock has a market capitalization of C$64.43 billion, a PE ratio of 60.77, a PEG ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 104.12, a current ratio of 0.75 and a quick ratio of 0.74.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were issued a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a boost from Waste Connections’s previous quarterly dividend of $0.38. This represents a $1.54 annualized dividend and a yield of 0.62%. Waste Connections’s dividend payout ratio is presently 37.96%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$166.00, for a total value of C$332,000.00. In other news, Senior Officer Robert Andres Nielsen sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$166.00, for a total transaction of C$332,000.00. Also, Director Michael W. Harlan sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$167.59, for a total value of C$251,387.85. Over the last three months, insiders have sold 4,500 shares of company stock valued at $752,388. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, ATB Capital upped their target price on Waste Connections from C$235.00 to C$240.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$193.10.

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.