Analysts predict that Waste Connections Inc (NYSE:WCN) will post $1.15 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Waste Connections’ earnings, with estimates ranging from $1.12 billion to $1.17 billion. Waste Connections posted sales of $1.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is expected to report its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Waste Connections will report full-year sales of $1.15 billion for the current year, with estimates ranging from $4.78 billion to $4.86 billion. For the next financial year, analysts expect that the firm will post sales of $5.07 billion per share, with estimates ranging from $5.00 billion to $5.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Waste Connections.
Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Waste Connections had a net margin of 12.46% and a return on equity of 9.63%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Waste Connections’s revenue for the quarter was up 10.4% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new position in shares of Waste Connections during the third quarter valued at about $103,000. Cerebellum GP LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $125,000. SG Americas Securities LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $194,000. Timber Hill LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $206,000. Finally, Advisor Partners LLC acquired a new position in shares of Waste Connections during the fourth quarter valued at about $216,000. 80.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Waste Connections (NYSE WCN) traded up $1.93 during trading on Friday, hitting $70.93. 1,176,300 shares of the company traded hands, compared to its average volume of 937,000. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. Waste Connections has a one year low of $54.62 and a one year high of $74.20. The company has a market capitalization of $18,701.80, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.62 and a beta of 0.16.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.79%. Waste Connections’s dividend payout ratio (DPR) is currently 25.65%.
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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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