Waste Connections Inc (TSE:WCN) – Research analysts at KeyCorp cut their Q3 2017 EPS estimates for shares of Waste Connections in a note issued to investors on Wednesday. KeyCorp analyst J. Box now forecasts that the company will post earnings of $0.71 per share for the quarter, down from their previous forecast of $0.77. KeyCorp also issued estimates for Waste Connections’ Q4 2017 earnings at $0.65 EPS, FY2017 earnings at $2.66 EPS, Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.95 EPS and FY2019 earnings at $3.26 EPS.
Several other research analysts have also recently issued reports on the stock. Raymond James Financial, Inc. increased their price objective on shares of Waste Connections from C$72.00 to C$76.00 and gave the company an “outperform” rating in a report on Thursday. TD Securities increased their price objective on shares of Waste Connections to C$91.00 and gave the company a “hold” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on shares of Waste Connections to C$95.00 and gave the company an “outperform” rating in a report on Thursday. Barclays PLC decreased their price objective on shares of Waste Connections from C$96.00 to C$90.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Credit Suisse Group increased their price objective on shares of Waste Connections to C$75.00 and gave the company an “outperform” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$87.00.
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Waste Connections (TSE WCN) opened at 80.87 on Friday. The stock has a market cap of $21.30 billion and a price-to-earnings ratio of 93.82. The company’s 50 day moving average price is $83.91 and its 200-day moving average price is $79.34. Waste Connections has a 12-month low of $63.11 and a 12-month high of $88.94.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Tuesday, August 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 4th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%.
In other Waste Connections news, Director Michael W. Harlan sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of C$96.49, for a total value of C$328,066.00. Also, Director Susan Lee acquired 600 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of C$124.78 per share, for a total transaction of C$74,868.00. In the last 90 days, insiders sold 20,400 shares of company stock valued at $1,962,636.
About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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