Waste Connections
WCN

$175.66

0.1%

Market Cap: 45.3B

About: Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.

Employees: 22,539

Utilities Refuse Systems

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 15 analysts

0

News positive %

of 12 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

83% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 48

63% more call options, than puts

Call options by funds: $62M | Put options by funds: $38.1M

12% more capital invested

Capital invested by funds: $33.2B [Q4 2023] → $37.2B (+$4.03B) [Q1 2024]

6% more funds holding

Funds holding: 617 [Q4 2023] → 657 (+40) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 17 [Q4 2023] → 17 (+0) [Q1 2024]

2.29% less ownership

Funds ownership: 86.17% [Q4 2023] → 83.88% (-2.29%) [Q1 2024]

13% less repeat investments, than reductions

Existing positions increased: 221 | Existing positions reduced: 255

See Fund Rankings

Research analyst outlook

15 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$175

0%

upside

Avg. target

$191

9%

upside

High target

$217

24%

upside

15 analyst ratings

14 positive

93%

1 neutral

7%

0 negative

0%

TD Cowen James Schumm	14%upside $200	Buy Maintained	26 Jul 2024
BMO Capital Devin Dodge	13%upside $198	Outperform Maintained	26 Jul 2024
CIBC	10%upside $193	Outperformer Maintained	26 Jul 2024
RBC Capital Sabahat Khan	13%upside $199	Outperform Maintained	26 Jul 2024
Oppenheimer Noah Kaye	9%upside $191	Outperform Maintained	15 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about WCN published over the past 30 days

Zacks Investment Research

Compared to Estimates, Waste Connections (WCN) Q2 Earnings: A Look at Key Metrics

While the top- and bottom-line numbers for Waste Connections (WCN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Waste Connections (WCN) Q2 Earnings: A Look at Key Metrics

Waste Connections, Inc. (WCN) Q2 2024 Earnings Call Transcript

Waste Connections, Inc. (NYSE:WCN ) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Ron Mittelstaedt - President & Chief Executive Officer Mary Anne Whitney - Executive Vice President & Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Kevin Chiang - CIBC Bryan Burgmeier - Citi Noah Kaye - Oppenheimer Toni Kaplan - Morgan Stanley Jerry Revich - Goldman Sachs Jack Wilson - Truist Securities James Schumm - TD Cowen Sabahat Khan - RBC Capital Markets Brian Butler - Stifel Timna Tanners - Wolfe Research Stephanie Moore - Jefferies Operator Good day, and welcome to the Waste Connections, Inc. Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Waste Connections, Inc. (WCN) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Waste Connections (WCN) Q2 Earnings and Revenues Beat Estimates

Waste Connections (WCN) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.02 per share a year ago.

Waste Connections (WCN) Q2 Earnings and Revenues Beat Estimates

WASTE CONNECTIONS REPORTS SECOND QUARTER 2024 RESULTS AND RAISES FULL YEAR OUTLOOK

Continued momentum from solid execution, along with outsized acquisition activity, drives quarterly beat and increase to full year outlook Revenue of $2.248 billion, above outlook and up 11.2% year over year Net income(a) of $275.5 million, and adjusted EBITDA(b) of $731.8 million, above outlook and up 16.4% Adjusted EBITDA(b) margin of 32.6% of revenue, above outlook and up 150 basis points Net income of $1.07 per share, and adjusted net income(b) of $1.24 per share Year to date net cash provided by operating activities of $1.102 billion and adjusted free cash flow(b) of $727.4 million, or 16.8% of revenue Year to date signed and closed acquisitions with over $650 million of total annualized revenue Updates full year 2024 outlook to net income of approximately $1.087 billion, increasing adjusted EBITDA(b) to approximately $2.900 billion or 32.8% on revenue of approximately $8.850 billion TORONTO , July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the second quarter of 2024 and increased its outlook for the full year. "Solid operational execution supplemented by incremental acquisitions and increased commodity values drove an across the board beat in the second quarter, positioning us for an increase to our full year outlook.

WASTE CONNECTIONS REPORTS SECOND QUARTER 2024 RESULTS AND RAISES FULL YEAR OUTLOOK

WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND

TORONTO , July 24, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.285 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on August 22, 2024 to shareholders of record at the close of business on August 7, 2024.

WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND

Montrose Environmental Group Partners with Waste Connections to Use Patented PFAS Treatment System to Address PFAS-Impacted Landfill Leachate

LITTLE ROCK, Ark. and TORONTO , July 23, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose") (NYSE: MEG), a high-growth global environmental solutions company, and Waste Connections (TSX/NYSE: WCN), today shared insight into the use of Montrose's patented per- and polyfluoroalkyl substances (PFAS) treatment system to address PFAS-impacted landfill leachate at Waste Connections' Champ Landfill.

Montrose Environmental Group Partners with Waste Connections to Use Patented PFAS Treatment System to Address PFAS-Impacted Landfill Leachate

Zacks Investment Research

Why Waste Connections (WCN) Could Beat Earnings Estimates Again

Waste Connections (WCN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Waste Connections (WCN) Could Beat Earnings Estimates Again

Waste Connections: Shares Have A Good Chance Of Beating Q2 Estimates

Waste Connections has a strong history of M&A and financial performance, with potential for margin improvement and ongoing growth opportunities. The company outperforms peers in the waste management industry, with consistent revenue and EBITDA growth, best-in-class EBITDA margins, and a strong return on equity. Q1'24 results showed revenue and adjusted EBITDA beats, with a focus on acquisitions, labor improvements, and the potential for increased M&A activity in 2024.

Waste Connections: Shares Have A Good Chance Of Beating Q2 Estimates

Zacks Investment Research

Waste Connections (WCN) Reports Next Week: Wall Street Expects Earnings Growth

Waste Connections (WCN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Waste Connections (WCN) Reports Next Week: Wall Street Expects Earnings Growth

Zacks Investment Research

Reasons Why Waste Connections (WCN) is an Attractive Pick Now

Waste Connections (WCN) gains from opportunities in solid waste across its regional footprint.

Reasons Why Waste Connections (WCN) is an Attractive Pick Now

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