The Street Is Finally Waking Up To Waste Connections Inc (NYSE: WCN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed WASTE CONNECTIONS ANNOUNCES DATES FOR FOURTH QUARTER 2023 EARNINGS RELEASE AND 2024 OUTLOOK.

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Stocks Info

Waste Connections Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Waste Management industry. At the end of the last regular session, the stock closed at $146.83 and fluctuated between $148.12 as its day high and $146.16 as its day low. The current market capitalization of Waste Connections Inc is $37.83B. A total of 0.79 million shares were traded on the day, compared to an average of 1.12M shares.

In the most recent transaction, RIVARD PHILIP sold 5,097 shares of WCN for 146.26 per share on Dec 21. After the transaction, the SR VP Business Development now owns 0 company shares. In a previous transaction on Dec 06, NIELSEN III ROBERT sold 500 shares at 140.50 per share. WCN shares that SR VP Operations owns now total 2,550.

Among the insiders who sold shares, Cloninger Robert Michael disposed of 2,945 shares on Nov 01 at a per-share price of $129.89. This resulted in the SR VP, Deputy General Counsel holding 12,299 shares of WCN after the transaction. In another insider transaction, RAZZOUK WILLIAM J sold 1,000 shares at $139.24 per share on Sep 05. Company shares held by the Director now total 2,584.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Waste Connections Inc pays an annual dividend of $1.05, resulting in a dividend yield of 0.71%, and it has a price to earnings (P/E) ratio of 45.63. WCN’s most recent ex-dividend date was 11/7/2023 when it declared a $0.2850 quarterly dividend that was paid in cash on 11/28/2023. Previously, the company paid the dividend on 8/30/2023 with an ex-dividend date of 8/15/2023. The WCN stock dividend was $0.2550 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WCN in the last 3 months, the mean price target is $151.87 with high estimates of $166.34 and low estimates of $119.42. In terms of 52-week highs and lows, WCN has a high of $149.88 and a low of $125.83.

As of this writing, WCN has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.15 per share and a lower estimate of $1. The company reported an EPS of $1.02 in the last quarter, which was 1.00% higher than expectations of $1.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WCN’s latest balance sheet shows that the firm has $147.44M in Cash & Short Term Investments as of fiscal 2021. There were $5.21B in debt and $1.23B in liabilities at the time. Its Book Value Per Share was $29.45, while its Total Shareholder’s Equity was $6.99B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.56.

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