Atb Cap Markets Brokers Boost Earnings Estimates for TSE:WCN

Waste Connections, Inc. (TSE:WCNFree Report) – Analysts at Atb Cap Markets increased their FY2024 earnings per share estimates for Waste Connections in a research report issued on Thursday, October 24th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $6.65 for the year, up from their prior forecast of $6.62. The consensus estimate for Waste Connections’ current full-year earnings is $9.98 per share. Atb Cap Markets also issued estimates for Waste Connections’ Q2 2026 earnings at $2.14 EPS, Q3 2026 earnings at $2.19 EPS and FY2026 earnings at $8.13 EPS.

A number of other research firms have also weighed in on WCN. ATB Capital raised their target price on Waste Connections from C$255.00 to C$260.00 in a report on Friday, October 25th. Eight Capital set a C$270.00 target price on Waste Connections and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Scotiabank upgraded Waste Connections to a “hold” rating in a report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of “Hold” and an average target price of C$205.10.

Read Our Latest Stock Analysis on Waste Connections

Waste Connections Stock Up 2.2 %

WCN stock opened at C$251.27 on Monday. Waste Connections has a twelve month low of C$177.90 and a twelve month high of C$253.95. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The stock’s 50 day moving average is C$247.83 and its 200-day moving average is C$239.59. The firm has a market capitalization of C$64.82 billion, a PE ratio of 55.71, a P/E/G ratio of 2.22 and a beta of 0.72.

Insider Buying and Selling

In related news, Director Edward E. Guillet sold 8,000 shares of Waste Connections stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. In other Waste Connections news, Director Edward E. Guillet sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total value of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 571 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total value of C$144,051.88. Over the last three months, insiders have sold 14,371 shares of company stock worth $3,171,428. 0.21% of the stock is owned by company insiders.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a dividend of $0.426 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is 34.37%.

About Waste Connections

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Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.

See Also

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

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