Equities research analysts expect Waste Connections Inc (NYSE:WCN) to report sales of $1.41 billion for the current quarter, Zacks reports. Six analysts have made estimates for Waste Connections’ earnings. The lowest sales estimate is $1.40 billion and the highest is $1.41 billion. Waste Connections reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The business is expected to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Waste Connections will report full-year sales of $5.38 billion for the current year, with estimates ranging from $5.37 billion to $5.38 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.75 billion, with estimates ranging from $5.68 billion to $5.88 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Waste Connections.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Waste Connections had a return on equity of 10.57% and a net margin of 10.82%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share.

WCN has been the topic of several research reports. ValuEngine lowered Waste Connections from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Waste Connections in a report on Thursday, July 18th. AltaCorp Capital lowered Waste Connections from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. started coverage on Waste Connections in a report on Wednesday, August 7th. They issued an “overweight” rating and a $98.00 price objective on the stock. Finally, Zacks Investment Research lowered Waste Connections from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Waste Connections currently has an average rating of “Buy” and a consensus target price of $96.40.

Shares of WCN stock traded up $0.89 during mid-day trading on Friday, hitting $91.27. 765,700 shares of the stock were exchanged, compared to its average volume of 790,360. The firm’s fifty day moving average price is $94.30. The company has a market capitalization of $23.83 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.97 and a beta of 0.20. Waste Connections has a 12-month low of $70.28 and a 12-month high of $97.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.70%. Waste Connections’s dividend payout ratio (DPR) is 25.40%.

In other news, COO Darrell W. Chambliss sold 14,100 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $89.55, for a total value of $1,262,655.00. Following the completion of the transaction, the chief operating officer now directly owns 104,100 shares in the company, valued at $9,322,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Patrick James Shea sold 17,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.35, for a total transaction of $1,569,950.00. Following the completion of the transaction, the vice president now owns 26,269 shares of the company’s stock, valued at $2,425,942.15. The disclosure for this sale can be found here. Insiders sold a total of 52,600 shares of company stock worth $4,766,745 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of WCN. Steward Partners Investment Advisory LLC purchased a new stake in Waste Connections in the 2nd quarter worth approximately $39,000. Cable Hill Partners LLC raised its holdings in shares of Waste Connections by 325.6% during the 1st quarter. Cable Hill Partners LLC now owns 566 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 433 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Waste Connections by 47.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 551 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 178 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Waste Connections by 44.7% during the 1st quarter. Parallel Advisors LLC now owns 622 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 192 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Waste Connections by 77.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 742 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 83.03% of the company’s stock.

Waste Connections Company Profile

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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Earnings History and Estimates for Waste Connections (NYSE:WCN)

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