News headlines about Waste Connections (NYSE:WCN) have been trending somewhat positive on Saturday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Connections earned a media sentiment score of 0.10 on Alpha One’s scale. Alpha One also assigned media coverage about the business services provider an impact score of 66 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:
- Could Waste Connections Inc (WCN) be actually undervalued when we account for its future growth? (simplywall.st)
- Seasonal Driver (environmentguru.com)
- Brokerages Anticipate Waste Connections Inc (WCN) Will Announce Quarterly Sales of $1.15 Billion (americanbankingnews.com)
- Equity in Focus: Waste Connections, Inc. (NYSE:WCN) – Business Daily (oxfordbusinessdaily.com)
- Waste Connections Has Returned 22.8% Since SmarTrend Recommendation (WCN) (mysmartrend.com)
Waste Connections (NYSE:WCN) traded up 0.20% during mid-day trading on Friday, reaching $91.90. 469,940 shares of the company traded hands. Waste Connections has a 52-week low of $65.44 and a 52-week high of $93.81. The stock has a 50-day moving average of $90.35 and a 200 day moving average of $83.16. The stock has a market capitalization of $16.13 billion, a PE ratio of 71.08 and a beta of 0.26. Waste Connections’s stock is scheduled to split before the market opens on Monday, June 19th. The 3-2 split was announced on Wednesday, April 26th. The newly minted shares will be issued to shareholders after the market closes on Friday, June 16th.
Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Waste Connections had a net margin of 5.77% and a return on equity of 8.53%. The company’s quarterly revenue was up 112.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Equities research analysts expect that Waste Connections will post $3.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, May 8th. Waste Connections’s payout ratio is 47.04%.
A number of research analysts have weighed in on WCN shares. Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Tuesday, February 14th. Barclays PLC reissued a “buy” rating on shares of Waste Connections in a research note on Friday, April 28th. TD Securities decreased their target price on shares of Waste Connections from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Wedbush reissued an “outperform” rating and issued a $93.00 target price (up from $85.00) on shares of Waste Connections in a research note on Wednesday, February 22nd. Finally, Royal Bank of Canada decreased their target price on shares of Waste Connections from $102.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, April 28th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.58.
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In related news, Director Susan Lee purchased 1,200 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $92.05 per share, with a total value of $110,460.00. Following the completion of the purchase, the director now directly owns 3,679 shares in the company, valued at approximately $338,651.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company’s stock.
About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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