The closing price of Waste Connections Inc (NYSE: WCN) was $165.40 for the day, down -0.62% from the previous closing price of $166.44. In other words, the price has decreased by -$1.04 from its previous closing price. On the day, 767694 shares were traded. WCN stock price reached its highest trading level at $166.89 during the session, while it also had its lowest trading level at $164.79.
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Ratios:
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 543.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.91.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on February 29, 2024, Downgraded its rating to Neutral and sets its target price to $181 from $170 previously.
Insider Transactions:
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 Feb 26 when RIVARD PHILIP sold 1,250 shares for $170.21 per share. The transaction valued at 212,764 led to the insider holds 3,526 shares of the business.
Cloninger Robert Michael sold 3,746 shares of WCN for $637,613 on Feb 23. The SR VP, Deputy General Counsel now owns 12,299 shares after completing the transaction at $170.21 per share. On Feb 22, another insider, Bertone Andrea E., who serves as the Director of the company, sold 902 shares for $169.17 each. As a result, the insider received 152,590 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WCN now has a Market Capitalization of 42.62B and an Enterprise Value of 49.56B. As of this moment, Waste’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.97, and their Forward P/E ratio for the next fiscal year is 30.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.31 while its Price-to-Book (P/B) ratio in mrq is 5.54. Its current Enterprise Value per Revenue stands at 6.18 whereas that against EBITDA is 21.92.
Stock Price History:
Over the past 52 weeks, WCN has reached a high of $171.49, while it has fallen to a 52-week low of $126.12. The 50-Day Moving Average of the stock is 155.25, while the 200-Day Moving Average is calculated to be 142.29.
Shares Statistics:
WCN traded an average of 1.04M shares per day over the past three months and 1.03M shares per day over the past ten days. A total of 257.60M shares are outstanding, with a floating share count of 256.73M. Insiders hold about 0.37% of the company’s shares, while institutions hold 94.47% stake in the company. Shares short for WCN as of Feb 15, 2024 were 1.62M with a Short Ratio of 1.55, compared to 1.11M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.63% and a Short% of Float of 0.71%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.05, WCN has a forward annual dividend rate of 1.08. Against a Trailing Annual Dividend Yield of 0.63%, 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 35.72% for WCN, which recently paid a dividend on Mar 13, 2024 with an ex-dividend date of Feb 27, 2024. Stock splits for the company last occurred on Jun 19, 2017 when the company split stock in a 3:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 18 analysts. On average, analysts expect EPS of $1.02 for the current quarter, with a high estimate of $1.1 and a low estimate of $0.98, while EPS last year was $0.89. The consensus estimate for the next quarter is $1.19, with high estimates of $1.27 and low estimates of $1.14.
Analysts are recommending an EPS of between $5.09 and $4.6 for the fiscal current year, implying an average EPS of $4.82. EPS for the following year is $5.5, with 20 analysts recommending between $5.8 and $5.16.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $2.1B to a low estimate of $2.05B. As of the current estimate, Waste Connections Inc’s year-ago sales were $1.9B, an estimated increase of 8.20% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.22B, an increase of 10.00% over than the figure of $8.20% in the same quarter last year. There is a high estimate of $2.25B for the next quarter, whereas the lowest estimate is $2.2B.
A total of 20 analysts have provided revenue estimates for WCN’s current fiscal year. The highest revenue estimate was $8.93B, while the lowest revenue estimate was $8.74B, resulting in an average revenue estimate of $8.78B. In the same quarter a year ago, actual revenue was $8.02B, up 9.40% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $9.38B in the next fiscal year. The high estimate is $9.68B and the low estimate is $9.18B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
