Zacks: Brokerages Expect Waste Connections Inc (WCN) Will Announce Earnings of $0.54 Per Share
Analysts forecast that Waste Connections Inc (NYSE:WCN) will post earnings per share (EPS) of $0.54 for the current quarter, Zacks reports. Three analysts have made estimates for Waste Connections’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.58. Waste Connections posted earnings per share of $0.49 during the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that Waste Connections will report full-year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.17 to $2.59. For the next financial year, analysts forecast that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.75 to $2.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Waste Connections.
Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Waste Connections had a net margin of 12.46% and a return on equity of 9.63%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share.
Waste Connections (NYSE:WCN) traded up $1.93 during mid-day trading on Wednesday, reaching $70.93. 1,176,357 shares of the company traded hands, compared to its average volume of 998,531. The firm has a market capitalization of $18,192.93, a price-to-earnings ratio of 32.49, a PEG ratio of 3.59 and a beta of 0.16. The company has a current ratio of 1.47, a quick ratio of 1.46 and a debt-to-equity ratio of 0.63. Waste Connections has a 52 week low of $54.47 and a 52 week high of $74.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. Waste Connections’s dividend payout ratio (DPR) is 25.65%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. TD Asset Management Inc. grew its position in shares of Waste Connections by 0.8% in the third quarter. TD Asset Management Inc. now owns 4,852,132 shares of the business services provider’s stock valued at $338,619,000 after purchasing an additional 36,360 shares during the period. Findlay Park Partners LLP grew its position in shares of Waste Connections by 2.1% in the third quarter. Findlay Park Partners LLP now owns 4,606,589 shares of the business services provider’s stock valued at $322,277,000 after purchasing an additional 94,022 shares during the period. The Manufacturers Life Insurance Company boosted its position in Waste Connections by 28.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,856,170 shares of the business services provider’s stock worth $273,557,000 after acquiring an additional 864,008 shares during the last quarter. Capital International Investors boosted its position in Waste Connections by 9.6% during the third quarter. Capital International Investors now owns 3,288,000 shares of the business services provider’s stock worth $230,028,000 after acquiring an additional 288,900 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Waste Connections by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,875,819 shares of the business services provider’s stock worth $204,009,000 after acquiring an additional 47,052 shares during the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.
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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