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Sunday, April 2, 2023

Is Waste Connections Inc. (NYSE: WCN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Waste Connections Inc. (WCN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -0.16%, to $132.40. The Waste Connections Inc. has recorded 4,635 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND.

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Stocks Info

WCN belongs to the Industrials sector of the NYSE while operating in the Waste Management industry. At the end of the last regular session, the stock closed at $132.61 and fluctuated between $133.92 as its day high and $130.70 as its day low. The current market capitalization of Waste Connections Inc. is $34.48B. A total of 0.8 million shares were traded on the day, compared to an average of 926.51K shares.

In the most recent transaction, LITTLE JAMES sold 4,500 shares of WCN for 135.87 per share on Mar 06. After the transaction, the Executive VP Engineering now owns 29,410 company shares. In a previous transaction on Mar 06, RAZZOUK WILLIAM J sold 2,000 shares at 135.57 per share. WCN shares that Director owns now total 3,584.

Among the insiders who sold shares, EDDIE DAVID disposed of 1,700 shares on Mar 06 at a per-share price of $135.65. This resulted in the Sr VP Performance Optimization holding 24,512 shares of WCN after the transaction. In another insider transaction, RAZZOUK WILLIAM J sold 1,000 shares at $135.61 per share on Mar 06. Company shares held by the Director now total 3,431.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Waste Connections Inc. pays an annual dividend of $1.02, resulting in a dividend yield of 0.77%, and it has a price to earnings (P/E) ratio of 40.98. WCN’s most recent ex-dividend date was 2/28/2023 when it declared a $0.2550 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 11/15/2022. The WCN stock dividend was $0.2550 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WCN in the last 3 months, the mean price target is $153.40 with high estimates of $170.00 and low estimates of $120.00. In terms of 52-week highs and lows, WCN has a high of $148.20 and a low of $113.50.

As of this writing, WCN has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.75. The company reported an EPS of $1 in the last quarter, which was 5.30% higher than expectations of $0.95.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WCN is Underweight with a score of 4.69. A total of 13 analysts rated the stock as Buy while 1 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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