Atb Cap Markets Has Bearish Estimate for WCN Q3 Earnings

Waste Connections, Inc. (NYSE:WCN) – Investment analysts at Atb Cap Markets cut their Q3 2025 earnings estimates for shares of Waste Connections in a report issued on Thursday, July 24th. Atb Cap Markets analyst C. Murray now expects that the business services provider will post earnings per share of $1.34 for the quarter, down from their prior forecast of $1.49. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share. Atb Cap Markets also issued estimates for Waste Connections’ FY2025 earnings at $5.01 EPS, Q2 2026 earnings at $1.44 EPS, Q3 2026 earnings at $1.55 EPS and Q4 2026 earnings at $1.41 EPS.

WCN has been the topic of several other research reports. Royal Bank Of Canada lowered their price target on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Waste Connections from $197.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, May 23rd. CIBC reissued an “outperform” rating on shares of Waste Connections in a research note on Friday. Citigroup reduced their price target on shares of Waste Connections from $208.00 to $204.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Scotiabank upped their price objective on Waste Connections from $202.00 to $208.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections presently has an average rating of “Buy” and a consensus target price of $215.00.

Waste Connections Stock Up 3.1%

Shares of NYSE:WCN opened at $191.87 on Monday. Waste Connections has a 52-week low of $169.36 and a 52-week high of $201.66. The stock has a market cap of $49.58 billion, a P/E ratio of 77.37, a PEG ratio of 3.35 and a beta of 0.60. The business has a fifty day moving average of $187.83 and a two-hundred day moving average of $188.84. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share.

Hedge Funds Weigh In On Waste Connections

Hedge funds and other institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC grew its stake in shares of Waste Connections by 4.6% in the first quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider’s stock worth $249,000 after acquiring an additional 56 shares in the last quarter. MWA Asset Management boosted its holdings in Waste Connections by 1.2% in the first quarter. MWA Asset Management now owns 4,783 shares of the business services provider’s stock valued at $934,000 after purchasing an additional 57 shares during the period. Tranquility Partners LLC boosted its holdings in Waste Connections by 1.4% in the first quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider’s stock valued at $850,000 after purchasing an additional 58 shares during the period. MAI Capital Management grew its stake in Waste Connections by 6.0% during the 1st quarter. MAI Capital Management now owns 1,116 shares of the business services provider’s stock worth $218,000 after purchasing an additional 63 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Waste Connections by 29.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after purchasing an additional 64 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Wednesday, August 6th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 0.66%. Waste Connections’s dividend payout ratio is presently 50.81%.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.