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. Most recently, Yahoo Finance reported about the stock as it publicized that WASTE CONNECTIONS ANNOUNCES DATES FOR FOURTH QUARTER 2023 EARNINGS RELEASE AND 2024 OUTLOOK.

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Stocks Info

WCN belongs to the Industrials sector of the NYSE while operating in the Waste Management industry. The current market capitalization of Waste Connections Inc is $39.32B. A total of 0.84 million shares were traded on the day, compared to an average of 1.14M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Waste Connections Inc pays an annual dividend of $1.05, resulting in a dividend yield of 0.69%, and it has a price to earnings (P/E) ratio of 47.43. 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.

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 $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 $152.66 and a low of $125.83.

As of this writing, WCN has an earnings estimate of $Tricon Residential Inc. per share for the current quarter. EPS was calculated based on a consensus of Accenture plc estimates, with a high estimate of $Waste Connections, Inc. per share and a lower estimate of $Wendy’s Company (The).

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. 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

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, 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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