Waste Connections Stock (NYSE:WCN), Trade Ideas

Waste Connections

Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.

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Waste Connections, Inc.  (NYSE: WCN) reported upbeat fourth-quarter financial results on Tuesday.

Waste Connections Analysts Increase Their Forecasts After Q4 Results

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	Canaccord Genuity cut the price target for  BCE Inc.  (NYSE: BCE) from $63 to $61. Canaccord Genuity analyst Aravinda Galappatthige maintained a Hold rating. BCE shares rose 0.6% to close at $44.16 on Thursday.


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Waste Connections Inc

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 16.85 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $2.073 billion which beat the analyst consensus estimate of $2.053 billion by 1.00 percent. This is a 9.05 percent increase over sales of $1.901 billion the same period last year.

Earnings Beats

Waste Connections Q1 2024 Adj EPS $1.04 Beats $1.00 Estimate, Sales $2.073B Beat $2.053B Estimate

RBC Capital analyst Sabahat Khan assumes Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform rating and raises Price Target to $196.

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TSX:WCN

RBC Capital Assumes Waste Connections at Outperform, Raises Price Target to $196

Jefferies analyst Stephanie Moore maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Buy and raises the price target from $195 to $217.

Jefferies Maintains Buy on Waste Connections, Raises Price Target to $217

Oppenheimer analyst Noah Kaye maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $170 to $180.

Oppenheimer Maintains Outperform on Waste Connections, Raises Price Target to $180

UBS analyst Jon Windham downgrades Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) from Buy to Neutral and raises the price target from $170 to $181.

Downgrades

UBS Downgrades Waste Connections to Neutral, Raises Price Target to $181

Monday marks the last chance for investors to receive the next dividend payout from Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 28.5 cents per share. On Tuesday, Waste Connections will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 28.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own WCN as of the end of Monday's session are eligible to receive the 28.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 13, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Waste Connections: Dividend Insights

Waste Connections Prices $750M 5.000% Senior Notes Due 2034 At A Price Of 98.835% Of Their Face Value

Waste Connections, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcn#NYSE">WCN</a>) reported upbeat fourth-quarter financial results on Tuesday.
Waste Connections posted adjusted earnings of $1.11 per share, beating market estimates of $1.09 per share. The company&rsquo;s quarterly sales came in at $2.04 billion versus expectations of $2.03 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Ronald J. Mittelstaedt, President and Chief Executive Officer said, &quot;We are extremely pleased by our 2023 results and our positioning for outsized growth in 2024. We applaud the resilience of our 23,000 dedicated employees who enabled us to deliver on our commitments and once again drive industry-leading results. Their efforts have already positioned us for 120 basis points adjusted EBITDA(b) margin expansion in 2024 on approaching double-digit revenue growth, with upside from continued improvement in recovered commodity values or inflationary pressures, as well as any additional acquisition activity.&quot;
On Thursday, Waste Connections said it plans to proceed, subject to market and other conditions, to offer senior notes in an underwritten public offering.
Waste Connections shares gained 0.3% to trade at $164.63 on Thursday.
These analysts made changes to their price targets on Waste Connections after the company reported quarterly results.
<ul>
<li>RBC Capital boosted the price target on Waste Connections from $169 to $182. RBC Capital analyst Walter Spracklin maintained an Outperform rating.</li>
<li>BMO Capital increased the price target on Waste Connections from $166 to $178. BMO Capital analyst Devin Dodge maintained an Outperform rating.</li>
</ul>
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BMO Capital analyst Devin Dodge maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $166 to $178.

BMO Capital Maintains Outperform on Waste Connections, Raises Price Target to $178

RBC Capital analyst Walter Spracklin maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $169 to $182.

RBC Capital Maintains Outperform on Waste Connections, Raises Price Target to $182

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Shares of several companies in the broader industrial sector are trading higher amid a rebound. The sector fell yesterday after worse-than-expected January CPI data showed a greater-than-expected rise in inflation.

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported its Q4 earnings results on Tuesday, February 13, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Waste Connections beat estimated earnings by 2.78%, reporting an EPS of $1.11 versus an estimate of $1.08.
Revenue was up $167.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.03 which was followed by a 6.94% drop in the share price the next day.
Here's a look at Waste Connections's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.14</td>
<td>1.01</td>
<td>0.88</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.17</td>
<td>1.02</td>
<td>0.89</td>
<td>0.89</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>2.07B</td>
<td>2.01B</td>
<td>1.89B</td>
<td>1.85B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>2.06B</td>
<td>2.02B</td>
<td>1.90B</td>
<td>1.87B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Waste Connections <a href="https://www.benzinga.com/quote/WCN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Waste Connections Q4 Earnings

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.09 by 1.83 percent. The company reported quarterly sales of $2.04 billion which beat the analyst consensus estimate of $2.03 billion by 0.39 percent. This is a 8.94 percent increase over sales of $1.87 billion the same period last year.

Waste Connections Q4 2023 Adj EPS $1.11 Beats $1.09 Estimate, Sales $2.04B Beat $2.03B Estimate

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Earnings Scheduled For February 13, 2024

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-13. Here's what investors need to know before the announcement.
Analysts estimate that Waste Connections will report an earnings per share (EPS) of $1.08. 
Waste Connections bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 6.94% drop in the share price the next day.
Here's a look at Waste Connections's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.14</td>
<td>1.01</td>
<td>0.88</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.17</td>
<td>1.02</td>
<td>0.89</td>
<td>0.89</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.94%</td>
<td>-0.63%</td>
<td>-2.34%</td>
<td>0.61%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707746474_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Waste Connections were trading at $212.69 as of February 08. Over the last 52-week period, shares are up 16.36%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/WCN/earnings">To track all earnings releases for Waste Connections visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Waste Connections's Earnings

Citigroup has decided to maintain its Neutral rating of Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) and raise its price target from $136.00 to $163.00.
Shares of Waste Connections are trading up 0.0% over the last 24 hours, at $146.72 per share.
A move to $163.00 would account for a 11.1% increase from the current share price.
<h3>About Waste Connections</h3>
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 100 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 79 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2022, 13% of consolidated revenue was generated from the firm's Canadian segment.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigroup Maintains Neutral Rating for Waste Connections: Here's What You Need To Know

Citigroup analyst Bryan Burgmeier maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Neutral and raises the price target from $136 to $163.

Citigroup Maintains Neutral on Waste Connections, Raises Price Target to $163

Oppenheimer analyst Colin Rusch maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $154 to $155.

Oppenheimer Maintains Outperform on Waste Connections, Raises Price Target to $155

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) has outperformed the market over the past 15 years by 5.68% on an annualized basis producing an average annual return of 17.64%. Currently, Waste Connections has a market capitalization of $37.86 billion. 
Buying $100 In WCN: If an investor had bought $100 of WCN stock 15 years ago, it would be worth $1,119.81 today based on a price of $146.96 for WCN at the time of writing.
<h3>Waste Connections's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704747621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Waste Connections 15 Years Ago Would Be Worth Today

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2024/01/04/final-trades-netflix-qualcomm-waste-connections-and-small-caps.html">Halftime Report Final Trades</a>,&quot; Shannon Saccocia of Boston Private named iShares Core S&amp;P Small-Cap ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ijr#NYSE">IJR</a>) <a href="https://www.benzinga.com/quote/IJR"> as her final trade. </a>
Joshua Brown of Ritholtz Wealth Management picked Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>).
The Los Gatos, California-based entertainment company closed higher on Thursday, Jan. 4 at $474.67, with a change of 0.94% from the previous day&#39;s close. Tech shares, in general, saw a pullback.
Keybanc analyst Justin Patterson, last month, maintained Netflix with an Overweight and raised the price target from $510 to $525.
The streaming platform, during October, reported better-than-expected results for its third quarter. The company said third-quarter revenue increased 7.8% year-over-year to $8.54 billion, which beat the consensus estimate of $8.53 billion.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Jim Lebenthal of Cerity Partners named QUALCOMM Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) as his final trade.
Qualcomm&rsquo;s Qualcomm Technologies announced the Snapdragon XR2+ Gen 2 Platform, a single-chip architecture that unlocks 4.3K spatial computing at 90 frames per second for to achieve improved <a href="https://www.benzinga.com/news/24/01/36486141/next-gen-ar-and-vr-experiences-qualcomms-latest-snapdragon-xr2-promises-unmatched-visual-fidelity">visual clarity for work and play</a>.
Karen Firestone of Aureus Asset Management picked Waste Connections, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcn#NYSE">WCN</a>).
Stifel analyst Michael Hoffman, last month, maintained Waste Connections with a Buy and raised the price target from $168 to $175.
Price Action: iShares Core S&amp;P Small-Cap ETF fell 0.2%, while Netflix shares gained 0.9% to settle at $474.67 on Thursday. QUALCOMM lost 1% to $136.17, while Waste Connections rose slightly by 0.01% to $147.48 during Thursday&rsquo;s session. 
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Image: Unsplash

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Waste Connections Posts Strong Q1 Earnings

Waste Connections Non-GAAP EPS of $1.04 beats by $0.04, revenue of $2.07B beats by $10M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Waste Connections (NYSE:<a href="https://investorplace.com/stock-quotes/wcn-stock-quote/">WCN</a>) just reported results for the first quarter of 2024.<ul><li>Waste Connections reported earnings per share of $1.04. This was above the analyst estimate for EPS of $1.00.</li><li>The company reported revenue of $2.07 billion.</li><li>This was 1.12% better than the analyst estimate for revenue of $2.05 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/wcn-stock-earnings-waste-connections-for-q1-of-2024/">WCN Stock Earnings: Waste Connections Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

WCN Stock Earnings: Waste Connections Beats EPS, Beats Revenue for Q1 2024

In a report released today, Michael Doumet from Scotiabank maintained a Hold rating on Waste Connections (WCN – Research Report), with a price targ...

Waste Connections (WCN) Receives a Hold from Scotiabank

Oppenheimer analyst Noah Kaye maintained a Buy rating on Waste Connections (WCN – Research Report) today and set a price target of $181.00. The com...

Waste Connections (WCN) Receives a Buy from Oppenheimer

The latest announcement is out from Waste Connections (WCN). Waste Connections forecasts a solid second quarter in 2024 with expected revenues betw...

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Waste Connections, Inc. (WCN) Q1 2024 Earnings Call Transcript

Commodities

Press Releases

WASTE CONNECTIONS APPOINTS CARL D. SPARKS TO ITS BOARD OF DIRECTORS

Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024

WASTE CONNECTIONS ANNOUNCES DATES FOR FIRST QUARTER 2024 EARNINGS RELEASE AND UPCOMING MANAGEMENT PRESENTATIONS

Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024