Wall Street brokerages predict that Waste Connections Inc (NYSE:WCN) will post earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Waste Connections’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.72. Waste Connections reported earnings per share of $0.65 in the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is expected to issue its next quarterly earnings results on Tuesday, July 23rd.
On average, analysts expect that Waste Connections will report full year earnings of $2.77 per share for the current year, with EPS estimates ranging from $2.68 to $2.89. For the next financial year, analysts anticipate that the firm will post earnings of $3.11 per share, with EPS estimates ranging from $2.96 to $3.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Waste Connections.
Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Waste Connections had a return on equity of 10.58% and a net margin of 10.89%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Waste Connections’s quarterly revenue was up 9.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC bought a new stake in Waste Connections during the fourth quarter worth approximately $30,000. Resources Investment Advisors Inc. bought a new stake in Waste Connections during the fourth quarter worth approximately $32,000. Rehmann Capital Advisory Group raised its holdings in Waste Connections by 3,300.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 442 shares of the business services provider’s stock worth $33,000 after purchasing an additional 429 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Waste Connections by 49.0% during the fourth quarter. Proficio Capital Partners LLC now owns 465 shares of the business services provider’s stock worth $35,000 after purchasing an additional 153 shares in the last quarter. Finally, Cable Hill Partners LLC raised its holdings in Waste Connections by 325.6% during the first quarter. Cable Hill Partners LLC now owns 566 shares of the business services provider’s stock worth $50,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 83.20% of the company’s stock.
WCN stock traded down $0.71 during midday trading on Friday, reaching $94.86. The company had a trading volume of 17,619 shares, compared to its average volume of 831,691. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50 day moving average price is $94.08. Waste Connections has a fifty-two week low of $70.28 and a fifty-two week high of $96.14. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.72 and a beta of 0.23.
About Waste Connections
Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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