Waste Connections
About: Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 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 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
Employees: 23,854
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $74.9M | Put options by funds: $43.7M
27% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 60
0% more funds holding in top 10
Funds holding in top 10: 19 [Q3] → 19 (+0) [Q4]
0.81% less ownership
Funds ownership: 85.19% [Q3] → 84.38% (-0.81%) [Q4]
5% less capital invested
Capital invested by funds: $39.3B [Q3] → $37.4B (-$1.94B) [Q4]
2% less funds holding
Funds holding: 715 [Q3] → 704 (-11) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 274
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$192
2%
upside
Avg. target
$208
11%
upside
High target
$219
17%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Truist Securities Tobey Sommer 31% 1-year accuracy 15 / 49 met price target | 12%upside $210 | Buy Reiterated | 14 Feb 2025 |
Morgan Stanley Toni Kaplan 44% 1-year accuracy 12 / 27 met price target | 17%upside $219 | Overweight Maintained | 14 Feb 2025 |
Scotiabank Konark Gupta 100% 1-year accuracy 5 / 5 met price target | 2%upside $192 | Sector Perform Maintained | 27 Jan 2025 |
Jefferies Stephanie Moore 76% 1-year accuracy 25 / 33 met price target | 12%upside $210 | Buy Maintained | 23 Jan 2025 |
Oppenheimer Noah Kaye 58% 1-year accuracy 33 / 57 met price target | 4%upside $195 | Outperform Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 8 articles about WCN published over the past 30 days
Neutral
Zacks Investment Research
3 days ago
Waste Connections Q4 Earnings Miss Estimates, Revenues Rise Y/Y
WCN's top line gains from improved segmental performances in the fourth quarter of 2024.
Neutral
Zacks Investment Research
1 week ago
Waste Connections (WCN) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Waste Connections (WCN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Seeking Alpha
1 week ago
Waste Connections, Inc. (WCN) Q4 2024 Earnings Call Transcript
Waste Connections, Inc. (NYSE:WCN ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Ron Mittelstaedt - President & Chief Executive Officer Mary Anne Whitney - Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Kevin Chiang - CIBC Toni Kaplan - Morgan Stanley Bryan Burgmeier - Citi Jerry Revich - Goldman Sachs Noah Kaye - Oppenheimer & Company Konark Gupta - Scotiabank Brian Butler - Stifel Tobey Sommer - Truist Operator Good morning, everyone, and welcome to the Waste Connections Inc. Q4 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Negative
Zacks Investment Research
1 week ago
Waste Connections (WCN) Lags Q4 Earnings Estimates
Waste Connections (WCN) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.11 per share a year ago.
Neutral
PRNewsWire
1 week ago
WASTE CONNECTIONS REPORTS FOURTH QUARTER 2024 RESULTS AND PROVIDES 2025 OUTLOOK
Fourth Quarter and Full Year 2024 Highlights Strong finish to the year led by solid execution and accelerating improvement in operating trends in the fourth quarter, providing momentum for 2025 Full year 2024 revenue of $8.920 billion, up 11.2% year over year Net income(a) of $617.6 million, adjusted net income(b) of $1.239 billion, and adjusted EBITDA(b) of $2.902 billion, up 15.0%, and 32.5% of revenue, up 100 basis points year over year Net cash provided by operating activities of $2.229 billion and adjusted free cash flow(b) of $1.218 billion Record year of private company acquisitions of approximately $750 million in annualized revenue Expectations for 2025 Revenue in the range of $9.45 billion to $9.60 billion Net income of $1.186 billion to $1.224 billion and adjusted EBITDA(b) margin expansion of up to 80 basis points, or 33.3% Net cash provided by operating activities in the range of $2.500 billion to $2.575 billion and adjusted free cash flow(b) of between $1.300 billion and $1.350 billion, or over $1.550 billion on a normalized basis Ongoing acquisition-related dialogue with strong pipeline, along with expectations for improving commodity-driven revenues, position for high end of range or above TORONTO , Feb. 12, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the fourth quarter of 2024 and outlook for 2025. "Q4 provided a solid finish to a year of extraordinary accomplishments for Waste Connections both financially, with double-digit growth in both revenue and adjusted EBITDA (b) , and operationally, with accelerating improvements in employee engagement and retention, along with the integration of record levels of private company acquisition activity, which totaled approximately $750 million in annualized revenues in 2024," said Ronald J.
Neutral
PRNewsWire
1 week ago
WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
TORONTO , Feb. 12, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.315 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on March 13, 2025 to shareholders of record at the close of business on February 27, 2025.
Positive
Zacks Investment Research
2 weeks ago
Waste Connections (WCN) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Beyond analysts' top -and-bottom-line estimates for Waste Connections (WCN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Neutral
Zacks Investment Research
2 weeks ago
Waste Connections (WCN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Waste Connections (WCN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
1 month ago
Waste Connections: Hauling Trash And Stacking Cash
Waste Connections (WCN) is a leading waste management provider in the U.S. and Canada, with a market cap of $45B and a CAGR of 18.23% since 2016. The company has grown revenue at 12% annually over the past decade, with recent years showing a rebound in gross profit margins close to 42%. Given its consistent revenue growth, improving gross margins, and reliable business model, WCN is a strong consideration for dividend-focused investors.
Neutral
PRNewsWire
1 month ago
WASTE CONNECTIONS ANNOUNCES DATES FOR FOURTH QUARTER 2024 EARNINGS RELEASE AND 2025 OUTLOOK
TORONTO , Jan. 10, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that it will report financial results for the fourth quarter of 2024 and outlook for the full year 2025 after the close of the stock market on February 12, 2025. The Company will be hosting an investor conference call related to this release on February 13 th at 8:30 A.M.
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