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

Waste Connections (NYSE:WCN) released its quarterly earnings data on Wednesday. The business services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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 Performance

Shares of WCN stock opened at $189.54 on Thursday. The stock’s 50-day moving average price is $179.42 and its 200 day moving average price is $181.49. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $48.91 billion, a PE ratio of 52.07, a price-to-earnings-growth 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.

Waste Connections Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James decreased their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced 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 report on Friday, October 25th. Citigroup lifted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Jefferies Financial Group reduced their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Connections has an average rating of “Moderate Buy” and an average price target of $199.06.

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.