Waste Connections Inc Forecasted to Earn Q1 2018 Earnings of $0.54 Per Share (WCN)

Waste Connections Inc (NYSE:WCN) – Equities researchers at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of Waste Connections in a research note issued on Wednesday. Oppenheimer analyst N. Kaye forecasts that the business services provider will post earnings per share of $0.54 for the quarter. Oppenheimer has a “Outperform” rating and a $78.00 price target on the stock. Oppenheimer also issued estimates for Waste Connections’ Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.48 EPS and FY2019 earnings at $2.69 EPS.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group set a $82.00 price target on Waste Connections and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut Waste Connections from a “buy” rating to a “hold” rating in a report on Monday, October 16th. BMO Capital Markets started coverage on Waste Connections in a report on Monday, December 11th. They set an “outperform” rating and a $79.00 target price for the company. KeyCorp increased their target price on Waste Connections from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, TD Securities increased their target price on Waste Connections from $73.00 to $74.00 and gave the company a “hold” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.56.

Waste Connections (NYSE WCN) opened at $65.60 on Friday. The stock has a market capitalization of $17,859.04, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 3.59 and a beta of 0.16. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. Waste Connections has a 1 year low of $53.25 and a 1 year high of $74.20.

Several large investors have recently bought and sold shares of WCN. Picton Mahoney Asset Management increased its holdings in shares of Waste Connections by 1,175.8% in the fourth quarter. Picton Mahoney Asset Management now owns 1,286,014 shares of the business services provider’s stock valued at $112,875,000 after purchasing an additional 1,185,214 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Waste Connections by 1,313.9% in the second quarter. Toronto Dominion Bank now owns 1,123,159 shares of the business services provider’s stock valued at $72,345,000 after purchasing an additional 1,043,724 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Waste Connections by 51.9% in the second quarter. BlackRock Inc. now owns 2,696,659 shares of the business services provider’s stock valued at $173,721,000 after purchasing an additional 921,694 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Waste Connections by 49.7% in the third quarter. Pictet Asset Management Ltd. now owns 2,766,138 shares of the business services provider’s stock valued at $193,519,000 after purchasing an additional 918,695 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Waste Connections by 28.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,856,170 shares of the business services provider’s stock valued at $273,557,000 after purchasing an additional 864,008 shares during the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.

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Waste Connections Company Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

Earnings History and Estimates for Waste Connections (NYSE:WCN)

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