The closing price of Waste Connections Inc. (NYSE: WCN) was 142.76 for the day, down -0.87% from the previous closing price of $144.01. In other words, the price has decreased by $-1.25 from its previous closing price. On the day, 1023853 shares were traded. WCN reached its highest trading level at $145.51 during the session, while it also had its lowest trading level at $142.68.
Our analysis of WCN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 169.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.82.
Upgrades & Downgrades
On April 07, 2021, Goldman started tracking the stock assigning a Buy rating and target price of $124.Goldman initiated its Buy rating on April 07, 2021, with a $124 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 08 when Shea Patrick James sold 7,000 shares for $145.26 per share. The transaction valued at 1,016,806 led to the insider holds 12,813 shares of the business.
RAZZOUK WILLIAM J sold 2,000 shares of WCN for $280,320 on Aug 08. The Director now owns 5,584 shares after completing the transaction at $140.16 per share. On Aug 08, another insider, RAZZOUK WILLIAM J, who serves as the Director of the company, sold 4,073 shares for $140.03 each. As a result, the insider received 570,337 and left with 4,016 shares of the company.
As of this moment, Waste’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.10, and their Forward P/E ratio for the next fiscal year is 24.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.53 while its Price-to-Book (P/B) ratio in mrq is 5.35.
Stock Price History:
Over the past 52 weeks, WCN has reached a high of $148.20, while it has fallen to a 52-week low of $113.50. The 50-Day Moving Average of the stock is 137.24, while the 200-Day Moving Average is calculated to be 131.28.
WCN traded an average of 856.51K shares per day over the past three months and 1.15M shares per day over the past ten days. A total of 257.18M shares are outstanding, with a floating share count of 256.50M. Insiders hold about 1.00% of the company’s shares, while institutions hold 70.30% stake in the company. Shares short for WCN as of Jul 14, 2022 were 2.6M with a Short Ratio of 3.58, compared to 2.06M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.01% and a Short% of Float of 1.28%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.78, WCN has a forward annual dividend rate of 0.92. Against a Trailing Annual Dividend Yield of 0.54%, it implies a Forward Annual Dividend Yield of 0.69%. The stock’s 5-year Average Dividend Yield is 0.70. The current Payout Ratio is 32.90% for WCN, which recently paid a dividend on Aug 31, 2022 with an ex-dividend date of May 16, 2022. Stock splits for the company last occurred on Jun 18, 2017 when the company split stock in a 3:2 ratio.
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $1.22 for the current quarter, with a high estimate of $1.23 and a low estimate of $1.2, while EPS last year was $1.02. The consensus estimate for the next quarter is $1.29, with high estimates of $1.32 and low estimates of $1.27.
Analysts are recommending an EPS of between $4.92 and $4.72 for the fiscal current year, implying an average EPS of $4.8. EPS for the following year is $5.53, with 9 analysts recommending between $6.19 and $5.26.
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $2.31B to a low estimate of $2.29B. As of the current estimate, Waste Connections Inc.’s year-ago sales were $1.89B, an estimated increase of 21.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $2.32B, an increase of 14.90% less than the figure of $21.40% in the same quarter last year. There is a high estimate of $2.34B for the next quarter, whereas the lowest estimate is $2.3B.
A total of 9 analysts have provided revenue estimates for WCN’s current fiscal year. The highest revenue estimate was $9.1B, while the lowest revenue estimate was $8.88B, resulting in an average revenue estimate of $9.01B. In the same quarter a year ago, actual revenue was $7.76B, up 16.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $9.76B in the next fiscal year. The high estimate is $9.88B and the low estimate is $9.54B. The average revenue growth estimate for next year is up 8.40% from the average revenue estimate for this year.