Waste Connections (WCN) Receives Media Sentiment Score of 0.14
Press coverage about Waste Connections (NYSE:WCN) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Connections earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.3216152538548 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Waste Connections (WCN) traded down $0.22 during trading on Wednesday, hitting $70.00. 715,700 shares of the stock were exchanged, compared to its average volume of 850,829. Waste Connections has a 1 year low of $52.29 and a 1 year high of $74.20. The company has a market cap of $18,480.00, a P/E ratio of 53.03, a P/E/G ratio of 3.71 and a beta of 0.18. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.66.
Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. Waste Connections had a net margin of 7.68% and a return on equity of 9.59%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.72 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. research analysts expect that Waste Connections will post 2.13 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group set a $82.00 price objective on shares of Waste Connections and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. KeyCorp upped their price objective on shares of Waste Connections from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Oppenheimer upped their price objective on shares of Waste Connections from $74.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada upped their price objective on shares of Waste Connections from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets assumed coverage on shares of Waste Connections in a research report on Monday, December 11th. They issued an “outperform” rating and a $79.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $78.47.
In related news, COO Darrell W. Chambliss sold 5,625 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $70.99, for a total transaction of $399,318.75. Following the sale, the chief operating officer now directly owns 101,292 shares in the company, valued at approximately $7,190,719.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Davis sold 700 shares of the company’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 transaction of $50,204.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
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Waste Connections Company Profile
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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