FY2019 EPS Estimates for Waste Connections Inc Raised by Oppenheimer (TSE:WCN)

Waste Connections Inc (TSE:WCN) – Equities research analysts at Oppenheimer boosted their FY2019 earnings estimates for shares of Waste Connections in a research note issued on Wednesday, October 16th. Oppenheimer analyst N. Kaye now forecasts that the company will post earnings per share of $3.46 for the year, up from their prior forecast of $3.45. Oppenheimer also issued estimates for Waste Connections’ FY2020 earnings at $3.96 EPS.

WCN has been the topic of a number of other research reports. Royal Bank of Canada lowered their target price on shares of Waste Connections from C$102.00 to C$100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. KeyCorp upgraded shares of Waste Connections from a “sector perform” rating to an “overweight” rating in a report on Friday.

WCN opened at C$123.58 on Monday. The company has a debt-to-equity ratio of 64.74, a current ratio of 1.05 and a quick ratio of 0.93. Waste Connections has a fifty-two week low of C$93.51 and a fifty-two week high of C$128.98. The firm has a market capitalization of $32.59 billion and a PE ratio of 58.57. The company’s 50-day moving average is C$120.84 and its 200 day moving average is C$122.70.

Waste Connections (TSE:WCN) last posted its earnings results on Monday, July 29th. The company reported C$0.92 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.92. The business had revenue of C$1.83 billion during the quarter, compared to analyst estimates of C$1.80 billion.

In other Waste Connections news, Senior Officer Patrick J. Shea sold 11,610 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of C$121.91, for a total value of C$1,415,337.39. Following the completion of the sale, the insider now owns 26,269 shares in the company, valued at approximately C$3,202,368.47. Also, Director Edward E. Guillet sold 20,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$119.34, for a total transaction of C$2,386,890.00. Following the completion of the sale, the director now owns 41,193 shares of the company’s stock, valued at approximately C$4,916,157.99. Insiders sold a total of 37,610 shares of company stock worth $4,517,298 in the last 90 days.

Waste Connections Company Profile

Waste Connections, Inc 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, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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

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