Analysts Point To Waste Connections Inc (NYSE: WCN) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that WASTE CONNECTIONS APPOINTS CARL D. SPARKS TO ITS BOARD OF DIRECTORS.

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Stocks Info

As a NYSE listed company, WCN falls under the Industrials sector while operating within the Waste Management industry segment. At the end of the last regular session, the stock closed at $170.15 and fluctuated between $171.00 as its day high and $169.31 as its day low. The current market capitalization of Waste Connections Inc is $43.84B. A total of 0.83 million shares were traded on the day, compared to an average of 1.03M shares.

In the most recent transaction, Shea Patrick James sold 9,000 shares of WCN for 167.97 per share on Feb 20. After the transaction, the Exec VP, General Counsel & Sec now owns 19,075 company shares. In a previous transaction on Feb 20, Black Matthew Stephen sold 4,128 shares at 167.34 per share. WCN shares that Sr VP Chief Accounting Officer owns now total 33,406.

Among the insiders who sold shares, HANSEN ERIC disposed of 3,523 shares on Feb 20 at a per-share price of $168.04. This resulted in the Senior Vice President and CIO holding 11,805 shares of WCN after the transaction. In another insider transaction, RIVARD PHILIP sold 5,097 shares at $146.26 per share on Dec 21. Company shares held by the SR VP Business Development now total 0.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Waste Connections Inc pays an annual dividend of $1.05, resulting in a dividend yield of 0.62%, and it has a price to earnings (P/E) ratio of 57.58. WCN’s most recent ex-dividend date was 2/27/2024 when it declared a $0.2850 quarterly dividend that was paid in cash on 3/13/2024. Previously, the company paid the dividend on 11/28/2023 with an ex-dividend date of 11/7/2023. The WCN stock dividend was $0.2850 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for WCN in the last 3 months, the mean price target is $177.82 with high estimates of $195.00 and low estimates of $135.00. In terms of 52-week highs and lows, WCN has a high of $170.93 and a low of $126.12.

As of this writing, WCN has an earnings estimate of $1.02 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.1 per share and a lower estimate of $0.98. The company reported an EPS of $1.17 in the last quarter, which was 2.60% higher than expectations of $1.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $29.86, while its Total Shareholder’s Equity was $6.99B.

Analysts Opinion

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. 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 4.44.

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