Headlines about Waste Connections (NYSE:WCN) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Connections earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 47.0536002297386 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Delving into Shares of Waste Connections, Inc. (NYSE:WCN) and SBA Communications Corporation (NASDAQ:SBAC … - FLBC News (flbcnews.com)
- Waste Connections, Inc. breached its 50 day moving average in a Bearish Manner : WCN-US : August 10, 2017 (finance.yahoo.com)
- Waste Connections, Inc. (WCN) – Barclays Maintains Rating And Updates Price Target - Modern Readers (modernreaders.com)
- ETFs with exposure to Waste Connections, Inc. : August 8, 2017 (finance.yahoo.com)
- Investor Watch: Checking on Shares of Waste Connections, Inc. (NYSE:WCN) - Jonesboro Recorder (jonesbororecorder.com)
Several equities analysts have recently weighed in on WCN shares. BidaskClub cut Waste Connections from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Barclays PLC set a $70.00 price objective on Waste Connections and gave the company a “buy” rating in a report on Wednesday, July 26th. Royal Bank Of Canada raised their price objective on Waste Connections from $68.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, June 23rd. Credit Suisse Group set a $75.00 price objective on Waste Connections and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research upgraded Waste Connections from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.47.
Waste Connections (NYSE WCN) traded down 1.10% during trading on Thursday, reaching $63.61. The company had a trading volume of 596,119 shares. The company has a 50-day moving average price of $64.76 and a 200 day moving average price of $60.61. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 54.09 and a beta of 0.23. Waste Connections has a one year low of $47.81 and a one year high of $67.14.
Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. Waste Connections had a net margin of 10.54% and a return on equity of 8.67%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 61.6% compared to the same quarter last year. Analysts expect that Waste Connections will post $2.13 earnings per share for the current year.
Waste Connections announced that its Board of Directors has initiated a share buyback program on Wednesday, August 2nd that permits the company to repurchase 13,180,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Tuesday, August 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, August 4th. Waste Connections’s payout ratio is 32.11%.
In other Waste Connections news, Director Edward E. Guillet sold 11,500 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $65.27, for a total value of $750,605.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Lee acquired 800 shares of Waste Connections stock in a transaction on Tuesday, June 6th. The stock was purchased at an average cost of $96.97 per share, with a total value of $77,576.00. Following the completion of the transaction, the director now directly owns 5,079 shares in the company, valued at approximately $492,510.63. The disclosure for this purchase can be found here. Insiders sold a total of 93,900 shares of company stock valued at $6,871,801 over the last ninety days. 0.68% of the stock is currently owned by insiders.
Waste Connections Company Profile
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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