Waste Connections Inc (TSE:WCN) – Stock analysts at Oppenheimer dropped their FY2017 earnings estimates for shares of Waste Connections in a research note issued on Wednesday, Zacks Investment Research reports. Oppenheimer analyst N. Kaye now expects that the company will post earnings of $2.67 per share for the year, down from their prior forecast of $2.68. Oppenheimer also issued estimates for Waste Connections’ Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $3.11 EPS and FY2019 earnings at $3.37 EPS.
Several other brokerages have also commented on WCN. TD Securities boosted their price target on Waste Connections to C$95.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Royal Bank of Canada boosted their price target on Waste Connections to C$102.50 and gave the company an “outperform” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Waste Connections currently has an average rating of “Buy” and a consensus target price of C$88.92.
Shares of Waste Connections (TSE:WCN) opened at C$89.23 on Friday. The company has a market capitalization of $22,710.00, a price-to-earnings ratio of 54.41 and a beta of -0.23. Waste Connections has a one year low of C$71.45 and a one year high of C$94.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be given a $0.172 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.69 annualized dividend and a yield of 0.77%. Waste Connections’s payout ratio is 29.27%.
Waste Connections Company Profile
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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