Waste Connections Inc (WCN) to Post FY2022 Earnings of $5.13 Per Share, Gabelli Forecasts

Waste Connections Inc (TSE:WCN) – Analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for Waste Connections in a note issued to investors on Friday. Gabelli analyst T. Bancroft expects that the company will post earnings per share of $5.13 for the year.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.62 by C$0.04. Waste Connections had a return on equity of 8.39% and a net margin of 10.23%. The business had revenue of C$1.47 billion during the quarter, compared to analysts’ expectations of C$1.42 billion.

WCN has been the subject of a number of other reports. TD Securities lifted their price objective on Waste Connections to C$95.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Royal Bank of Canada lifted their price objective on Waste Connections to C$102.50 and gave the stock an “outperform” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$88.92.

Waste Connections (WCN) traded up C$0.10 during trading on Monday, hitting C$89.22. The company had a trading volume of 355,113 shares, compared to its average volume of 390,546. The company has a market capitalization of $23,500.00, a PE ratio of 32.76 and a beta of -0.23. Waste Connections has a fifty-two week low of C$74.86 and a fifty-two week high of C$94.86.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a $0.172 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.69 dividend on an annualized basis and a yield of 0.77%. Waste Connections’s payout ratio is 18.38%.

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About Waste Connections

Waste Connections, Inc, a solid waste services company, 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, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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

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