Waste Connections (WCN) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.66 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.55. The company posted revenue of $727.60 million in the period, compared to analysts expectations of $712.00 million. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Waste Connections. Company shares were Reiterated by Imperial Capital on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Waste Connections was Downgraded by TD Securities to ” Hold” on Jun 13, 2016. RBC Capital Mkts Initiated Waste Connections on Jun 6, 2016 to “Outperform”, Price Target of the shares are set at $82.
Waste Connections closed down -0.71 points or -0.96% at $73.49 with 5,18,854 shares getting traded on Tusday. Post opening the session at $74.29, the shares hit an intraday low of $73.25 and an intraday high of $74.455 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 13, 2016, Patrick James Shea (Sr. VP, General Counsel & Sec) sold 5,000 shares at $73.05 per share price. According to the SEC, on Jun 8, 2016, James Little (Sr. Vice President Engineering) sold 3,000 shares at $70.60 per share price. On Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 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.