Waste Connections (NYSE:WCN) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Waste Connections (NYSE:WCN) posted its earnings results on Wednesday. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04), Zacks reports. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. Waste Connections updated its FY 2025 guidance to EPS.

Waste Connections Stock Down 0.2 %

Shares of WCN traded down $0.39 during midday trading on Wednesday, hitting $189.54. The company had a trading volume of 1,217,472 shares, compared to its average volume of 931,911. The company’s 50 day moving average price is $179.45 and its 200 day moving average price is $181.43. The stock has a market cap of $48.91 billion, a price-to-earnings ratio of 52.07, a PEG ratio of 2.97 and a beta of 0.77. Waste Connections has a 52 week low of $153.07 and a 52 week high of $194.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.66%. Waste Connections’s payout ratio is currently 34.62%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James reduced their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer lifted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Scotiabank dropped their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $199.06.

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.