Equities research analysts predict that Waste Connections Inc (NYSE:WCN) will post $1.28 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Waste Connections’ earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.31 billion. Waste Connections reported sales of $1.37 billion in the same quarter last year, which indicates a negative year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings results on Monday, August 3rd.

On average, analysts expect that Waste Connections will report full-year sales of $5.30 billion for the current year, with estimates ranging from $5.22 billion to $5.45 billion. For the next financial year, analysts forecast that the business will report sales of $5.71 billion, with estimates ranging from $5.43 billion to $5.97 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Waste Connections.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Waste Connections had a net margin of 10.63% and a return on equity of 10.71%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis.

WCN has been the subject of a number of research analyst reports. Goldman Sachs Group downgraded shares of Waste Connections from a “buy” rating to a “neutral” rating and set a $94.00 target price for the company. in a research report on Friday, March 13th. Raymond James reaffirmed a “strong-buy” rating and issued a $106.00 target price (up previously from $94.00) on shares of Waste Connections in a research report on Friday, May 8th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Waste Connections in a research report on Thursday, May 7th. BMO Capital Markets cut their target price on shares of Waste Connections from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Finally, Deutsche Bank lifted their target price on shares of Waste Connections from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Waste Connections presently has an average rating of “Buy” and a consensus target price of $106.07.

NYSE WCN traded up $1.36 during mid-day trading on Thursday, reaching $91.97. The stock had a trading volume of 642,500 shares, compared to its average volume of 1,188,487. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.98. Waste Connections has a 1 year low of $70.87 and a 1 year high of $105.17. The stock has a market cap of $24.19 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 5.87 and a beta of 0.48. The company has a fifty day moving average price of $92.30 and a 200 day moving average price of $91.62.

In related news, CEO Worthing Jackman sold 18,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $92.26, for a total value of $1,660,680.00. Following the completion of the transaction, the chief executive officer now owns 113,239 shares of the company’s stock, valued at approximately $10,447,430.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Capital International Investors lifted its stake in Waste Connections by 2.1% in the 4th quarter. Capital International Investors now owns 10,257,116 shares of the business services provider’s stock worth $931,244,000 after purchasing an additional 210,584 shares in the last quarter. BlackRock Inc. lifted its stake in Waste Connections by 2.0% in the 1st quarter. BlackRock Inc. now owns 8,806,311 shares of the business services provider’s stock worth $682,490,000 after purchasing an additional 174,565 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Waste Connections by 8.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,583,113 shares of the business services provider’s stock worth $428,339,000 after purchasing an additional 427,917 shares in the last quarter. Norges Bank purchased a new stake in Waste Connections in the 4th quarter worth $474,668,000. Finally, TD Asset Management Inc. lifted its stake in Waste Connections by 0.6% in the 4th quarter. TD Asset Management Inc. now owns 4,413,547 shares of the business services provider’s stock worth $401,323,000 after purchasing an additional 27,779 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

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

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