KeyCorp Comments on Waste Connections Inc’s Q1 2019 Earnings (WCN)

Waste Connections Inc (TSE:WCN) – Stock analysts at KeyCorp lowered their Q1 2019 earnings per share (EPS) estimates for shares of Waste Connections in a research note issued to investors on Monday, February 18th. KeyCorp analyst S. Eastman now anticipates that the company will earn $0.81 per share for the quarter, down from their prior estimate of $0.84. KeyCorp also issued estimates for Waste Connections’ Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $0.91 EPS, FY2019 earnings at $3.63 EPS, Q1 2020 earnings at $0.82 EPS, Q2 2020 earnings at $0.98 EPS, Q3 2020 earnings at $1.07 EPS, Q4 2020 earnings at $0.97 EPS and FY2020 earnings at $3.84 EPS.

Separately, BMO Capital Markets upped their target price on shares of Waste Connections from C$86.00 to C$88.00 in a research note on Wednesday, October 31st.

Shares of Waste Connections stock opened at C$109.82 on Wednesday. The stock has a market capitalization of $28.34 billion and a P/E ratio of 53.05. Waste Connections has a 1 year low of C$89.12 and a 1 year high of C$112.77. The company has a current ratio of 1.27, a quick ratio of 1.09 and a debt-to-equity ratio of 64.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.76%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, February 28th. Waste Connections’s dividend payout ratio is currently 28.02%.

About Waste Connections

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.

Read More: How a Strangle Strategy is different from a Straddle Strategy

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

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with's FREE daily email newsletter.