Atb Cap Markets Issues Positive Forecast for WCN Earnings

Waste Connections, Inc. (NYSE:WCN) – Atb Cap Markets increased their Q1 2026 earnings per share (EPS) estimates for Waste Connections in a report released on Tuesday, July 1st. Atb Cap Markets analyst C. Murray now anticipates that the business services provider will post earnings of $1.26 per share for the quarter, up from their previous forecast of $1.19. The consensus estimate for Waste Connections’ current full-year earnings is $5.28 per share. Atb Cap Markets also issued estimates for Waste Connections’ Q4 2026 earnings at $1.52 EPS and FY2026 earnings at $5.94 EPS.

WCN has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price target on Waste Connections from $197.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, May 23rd. National Bank Financial raised Waste Connections to a “strong-buy” rating in a report on Monday, May 26th. Melius Research raised Waste Connections to a “strong-buy” rating and set a $213.00 price target for the company in a report on Monday, June 9th. William Blair started coverage on Waste Connections in a research note on Thursday, April 3rd. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $221.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and an average price target of $212.29.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $179.85 on Friday. The company has a market capitalization of $46.47 billion, a PE ratio of 74.01, a P/E/G ratio of 3.14 and a beta of 0.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50-day simple moving average of $191.12 and a two-hundred day simple moving average of $187.38. Waste Connections has a one year low of $169.36 and a one year high of $201.66.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a return on equity of 15.74% and a net margin of 6.93%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Waste Connections by 19.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,069 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 1,137 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Waste Connections by 41.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,710 shares of the business services provider’s stock worth $3,843,000 after purchasing an additional 5,733 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Waste Connections by 30.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,521 shares of the business services provider’s stock worth $604,000 after purchasing an additional 829 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Waste Connections by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in Waste Connections by 92.8% during the 1st quarter. Merit Financial Group LLC now owns 3,551 shares of the business services provider’s stock valued at $693,000 after acquiring an additional 1,709 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 7th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, May 7th. Waste Connections’s dividend payout ratio is currently 51.85%.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.