Waste Connections (NYSE:WCN – Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07, Briefing.com reports. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. Waste Connections updated its FY 2024 guidance to EPS.
Waste Connections Price Performance
WCN stock traded down $5.20 during mid-day trading on Thursday, hitting $174.51. The company had a trading volume of 1,404,147 shares, compared to its average volume of 902,923. The company has a 50-day moving average price of $172.25 and a 200 day moving average price of $166.40. Waste Connections has a 12-month low of $126.12 and a 12-month high of $182.99. The company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 57.26, a P/E/G ratio of 3.00 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.00.
Insider Activity
In related news, Director Michael W. Harlan sold 1,500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $167.59, for a total value of $251,385.00. Following the sale, the director now directly owns 8,004 shares in the company, valued at $1,341,390.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael W. Harlan sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $167.59, for a total value of $251,385.00. Following the completion of the transaction, the director now directly owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Nielsen III sold 2,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $166.00, for a total transaction of $332,000.00. Following the sale, the senior vice president now directly owns 6,321 shares in the company, valued at approximately $1,049,286. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock worth $752,385 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on Waste Connections
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.
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