Waste Connections (NYSE:WCN – Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15, FiscalAI reports. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis.
Waste Connections Stock Down 0.3%
Shares of Waste Connections stock opened at $167.91 on Thursday. Waste Connections has a 1 year low of $146.89 and a 1 year high of $191.91. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.95 and a beta of 0.49. The company has a 50-day moving average of $160.84 and a 200 day moving average of $163.28. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69.
Waste Connections Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s dividend payout ratio (DPR) is currently 34.15%.
More Waste Connections News
- Positive Sentiment: Waste Connections beat Q2 earnings and revenue estimates, with EPS of $1.50 versus $1.35 expected and revenue of $2.56 billion versus $2.51 billion expected, signaling solid demand and operational execution. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
- Positive Sentiment: The company raised its full-year outlook after the quarter, which tends to support investor confidence that results can stay strong for the rest of 2026. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
- Positive Sentiment: Margin expansion was a key highlight, with adjusted EBITDA margin improving to 32.8%, helping offset cost pressure and suggesting better profitability. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
- Positive Sentiment: Waste Connections also declared a regular quarterly cash dividend of $0.35 per share, reinforcing its appeal to income-focused investors. Waste Connections Announces Regular Quarterly Cash Dividend
- Neutral Sentiment: Reported revenue growth remained steady at 6.4% year over year, consistent with the company’s defensive, recurring-revenue business model. Waste Connections (WCN) Surpasses Q2 Earnings and Revenue Estimates
Wall Street Analyst Weigh In
A number of equities analysts recently commented on WCN shares. Weiss Ratings cut shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $218.00 price objective (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Barclays set a $180.00 price objective on Waste Connections and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Citigroup increased their target price on Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $211.00 price target on shares of Waste Connections in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Waste Connections has an average rating of “Moderate Buy” and a consensus target price of $202.00.
Check Out Our Latest Stock Report on Waste Connections
Insider Transactions at Waste Connections
In other news, CEO Ronald J. Mittelstaedt purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $152.24 per share, for a total transaction of $7,612,000.00. Following the completion of the acquisition, the chief executive officer directly owned 301,017 shares in the company, valued at $45,826,828.08. This represents a 19.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Patrick James Shea sold 7,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.26, for a total value of $1,171,950.00. Following the sale, the vice president owned 19,737 shares in the company, valued at approximately $3,084,103.62. This represents a 27.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 17,605 shares of company stock worth $2,822,923. Company insiders own 0.27% of the company’s stock.
Hedge Funds Weigh In On Waste Connections
Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Waste Connections during the first quarter valued at $577,000. Invesco Ltd. increased its holdings in Waste Connections by 12.8% in the 2nd quarter. Invesco Ltd. now owns 219,290 shares of the business services provider’s stock valued at $40,946,000 after acquiring an additional 24,948 shares during the last quarter. First Trust Advisors LP grew its position in shares of Waste Connections by 2.9% during the second quarter. First Trust Advisors LP now owns 24,463 shares of the business services provider’s stock valued at $4,572,000 after purchasing an additional 688 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Waste Connections in the second quarter worth about $2,714,000. Finally, State Street Corp increased its holdings in shares of Waste Connections by 1.0% in the second quarter. State Street Corp now owns 1,808,631 shares of the business services provider’s stock worth $337,708,000 after purchasing an additional 17,197 shares during the last quarter. 86.09% of the stock is owned by institutional investors.
About Waste Connections
Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.
The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.
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