Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Waste Connections (WCN) Stock Price
News headlines about Waste Connections (NYSE:WCN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Waste Connections earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.558170043062 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Head to Head Comparison: Waste Connections (WCN) vs. Its Rivals (americanbankingnews.com)
- Head-To-Head Comparison: Waste Connections (WCN) vs. Its Peers (americanbankingnews.com)
- Waste Connections, Inc. : WCN-US: Dividend Analysis : November 08th, 2017 (record date) : By the numbers : November 10, 2017 (finance.yahoo.com)
- Waste Connections, Inc. (WCN) Ex-Dividend Date Scheduled for November 07, 2017 – Nasdaq (nasdaq.com)
A number of equities research analysts have recently commented on WCN shares. Stifel Nicolaus raised their target price on Waste Connections from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. TD Securities raised their target price on Waste Connections from $67.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, July 27th. Barclays PLC raised their target price on Waste Connections from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded Waste Connections from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada raised their target price on Waste Connections from $74.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.87.
Waste Connections (WCN) traded up $0.86 during mid-day trading on Tuesday, reaching $70.15. The company had a trading volume of 1,008,600 shares, compared to its average volume of 790,357. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. Waste Connections has a 12 month low of $48.78 and a 12 month high of $74.20. The firm has a market cap of $18,267.68, a PE ratio of 33.05, a price-to-earnings-growth ratio of 4.12 and a beta of 0.18.
Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Waste Connections had a return on equity of 9.59% and a net margin of 7.68%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the firm posted $0.72 EPS. Waste Connections’s revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that Waste Connections will post 2.13 earnings per share for the current fiscal year.
Waste Connections declared that its board has authorized a share buyback program on Wednesday, August 2nd that allows the company to repurchase 13,180,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.80%. This is a boost from Waste Connections’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, November 7th. Waste Connections’s payout ratio is presently 42.42%.
In other Waste Connections news, Director Robert Davis sold 700 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $71.72, for a total value of $50,204.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Darrell W. Chambliss sold 5,625 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $70.99, for a total transaction of $399,318.75. Following the completion of the transaction, the chief operating officer now directly owns 101,292 shares in the company, valued at $7,190,719.08. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
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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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