Waste Connections (TSE:WCN – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported C$1.71 earnings per share for the quarter, FiscalAI reports. Waste Connections had a net margin of 11.37% and a return on equity of 13.17%. The company had revenue of C$3.30 billion for the quarter.
Waste Connections Stock Down 1.0%
WCN traded down C$2.12 during trading hours on Wednesday, reaching C$213.71. 385,135 shares of the stock traded hands, compared to its average volume of 348,161. The firm’s fifty day simple moving average is C$225.28 and its two-hundred day simple moving average is C$233.65. The company has a market cap of C$54.46 billion, a price-to-earnings ratio of 51.25, a PEG ratio of 2.22 and a beta of 0.48. Waste Connections has a fifty-two week low of C$211.93 and a fifty-two week high of C$276.72. The company has a debt-to-equity ratio of 110.74, a current ratio of 0.62 and a quick ratio of 0.74.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. BNP Paribas Exane raised shares of Waste Connections to a “strong-buy” rating in a research note on Tuesday, January 6th. Nine analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.
Waste Connections Company Profile
Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 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 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.
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