Waste Connections (WCN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.45 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.46. The company posted revenue of $514.68 million in the period, compared to analysts expectations of $515.47 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Waste Connections. Waste Connections was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 15, 2016. Shares were Reiterated by Imperial Capital on Apr 6, 2016 to “Outperform” and Lowered the Price Target to $ 72 from a previous price target of $75 .Company shares were Reiterated by Imperial Capital on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 75 from a previous price target of $65 .
Waste Connections opened for trading at $64.32 and hit $65 on the upside on Friday, eventually ending the session at $64.95, with a gain of 0.92% or 0.59 points. The heightened volatility saw the trading volume jump to 5,24,984 shares. Company has a market cap of $7,950 M.
In a different news, on Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 per share price. According to the SEC, on Nov 13, 2015, Steven F Bouck (President) sold 10,000 shares at $55.41 per share price. On Nov 13, 2015, David M Hall (Sr. Vice President) sold 12,030 shares at $55.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Waste Connections Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection transfer disposal and recycling services. It provides non-hazardous exploration and production (E&P) waste treatment recovery and disposal services. The Company operates in four segments: Western Central Eastern and E&P. The Company’s Western segment consists of locations in Alaska California Idaho Montana Nevada Oregon Washington and western Wyoming. The Company’s Central segment consists of locations in Arizona Colorado Kansas Louisiana Minnesota Nebraska New Mexico Oklahoma South Dakota Texas Utah and eastern Wyoming. The Company’s Eastern segment consists of locations in Alabama Illinois Iowa Kentucky Massachusetts Michigan Mississippi New York North Carolina South Carolina and Tennessee. The Company’s E&P segment consists of its E&P operations in Louisiana New Mexico North Dakota Oklahoma Texas Wyoming and Gulf of Mexico.