에 대한 최신 뉴스 Waste Connections (NYSE:WCN) 주식

Waste Connections

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.

Waste Connections Inc

Scotiabank analyst Konark Gupta reinstates Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Sector Perform and announces $196 price target.

News

Price Target

Initiation

Analyst Ratings

Scotiabank Reinstates Sector Perform on Waste Connections, Announces $196 Price Target

TD Cowen analyst James Schumm maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Buy and raises the price target from $185 to $200.

TD Cowen Maintains Buy on Waste Connections, Raises Price Target to $200

BMO Capital analyst Devin Dodge maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $196 to $198.

BMO Capital Maintains Outperform on Waste Connections, Raises Price Target to $198

CIBC maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperformer and raises the price target from $191 to $193.

CIBC Maintains Outperformer on Waste Connections, Raises Price Target to $193

RBC Capital analyst Sabahat Khan maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $195 to $199.

TSX:WCN

RBC Capital Maintains Outperform on Waste Connections, Raises Price Target to $199

Guidance

Waste Connections See FY24 ~$8.85B Vs $8.871B Est.

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported quarterly earnings of $1.24 per share which beat the analyst consensus estimate of $1.17 by 5.98 percent. The company reported quarterly sales of $2.248 billion which beat the analyst consensus estimate of $2.220 billion by 1.26 percent. This is a 11.23 percent increase over sales of $2.021 billion the same period last year.

Earnings

Earnings Beats

Waste Connections Q2 2024 Adj EPS $1.24 Beats $1.17 Estimate, Sales $2.248B Beat $2.220B Estimate

Oppenheimer analyst Noah Kaye maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $181 to $191.

Oppenheimer Maintains Outperform on Waste Connections, Raises Price Target to $191

Equifax (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/efx#NYSE">EFX</a>) is scheduled to report second-quarter 2024 results on Jul 17, after market close.
EFX has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters and missing in one, the average being 2.4%.
<h3>Q2 Expectations</h3>
The Zacks Consensus Estimate for the top line is pegged at $1.4 billion, suggesting a 7.9% rise from the year-ago quarter&#39;s actual. Revenues are likely to have benefitted from an improved segmental performance.
The consensus estimate for earnings per share is pegged at $1.7, indicating a 1.1% increase on a year-over-year basis. A strong margin performance is expected to have driven the bottom line.
<h3>Segmental Information</h3>
Our estimate for second-quarter 2024 revenues from U.S. Information Solutions (&quot;USIS&quot;) is pegged at $481.9 million, indicating 8.3% growth from the year-ago quarter&#39;s reported number. This is likely to have increased due to stronger-than-expected mortgage revenues.
Total International revenues are expected to grow 20% from the year-ago quarter&#39;s reported number to $347.7 million. Better-than-expected revenues in Europe and Latin America are expected to have driven this segment&#39;s revenues. Revenues from Workforce Solutions are anticipated to grow 3% year over year. Our estimate is pegged at $600.2 million.
Adjusted EBITDA for the USIS and International segments are estimated to witness year-over-year growth of 3.9% and 26.3% to $166.3 million and $88.7 million, respectively. The metric is anticipated to have been driven by growth in revenues and continued strong cost management. The adjusted EBITDA for Workplace Solutions is estimated to increase 2% to $306.1 million from the year-ago quarter&#39;s actual. This segment&#39;s adjusted EBITDA is expected to have been driven by growth in non-mortgage revenues due to cost execution.
<h3>What Our Model Says</h3>
Our proven model predicts an earnings beat for Equifax. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here.
EFX currently has an Earnings ESP of +0.66% and a Zacks Rank #3.
<h3>Other Stocks to Consider</h3>
Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Waste Connections (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcn#NYSE">WCN</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $2.2 billion, indicating a 9.6% increase from the year-ago quarter&#39;s reported figure. For earnings, the consensus mark is pegged at $1.1 per share, suggesting a 16% rise from the year-ago quarter&#39;s actual. The company beat the consensus estimate in the past four quarters, with an average surprise of 2.1%.
WCN has an Earnings ESP of +0.01% and currently flaunts a Zacks Rank of 1. The company is scheduled to declare its second-quarter results on Jul 24.
Republic Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $4 billion, implying a year-over-year 8.2% increase. For earnings, the consensus mark is pegged at $1.5 per share, suggesting a 7.8% rise from the year-ago quarter&#39;s reported figure. The company beat the consensus estimate in the past four quarters, with an average surprise of 7.8%.
RSG currently carries an Earnings ESP of +3.19% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter results on Jul 24.
<a href="https://www.zacks.com/stock/news/2300925/equifax-efx-to-report-q2-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2300925">To read this article on Zacks.com click here.</a>

Markets

Trading Ideas

Equifax to Report Q2 Earnings: What's in the Offing?

Truist Securities analyst Tobey Sommer maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Buy and raises the price target from $180 to $200.

Truist Securities Maintains Buy on Waste Connections, Raises Price Target to $200

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) has outperformed the market over the past 10 years by 7.67% on an annualized basis producing an average annual return of 18.28%. Currently, Waste Connections has a market capitalization of $43.28 billion. 
Buying $100 In WCN: If an investor had bought $100 of WCN stock 10 years ago, it would be worth $538.57 today based on a price of $167.79 for WCN at the time of writing.
<h3>Waste Connections's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718118037_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $500 Today

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/06/05/final-trades-apple-waste-connections-and-the-xlg.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners named Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) as <a href="https://www.benzinga.com/quote/AAPL">his final trade</a>.
Apple is set to unveil significant advancements at its annual Worldwide Developers Conference (WWDC) from June 10-14, 2024, with a highly anticipated <a href="https://www.benzinga.com/topic/wwdc" target="_blank" rel="noreferrer noopener">keynote on June 10.</a> 
The Cupertino, California-based tech giant is expected to spotlight new AI-powered features across its core applications, along with updates to its operating systems, according to a recent note by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39162593/apple-gpt-ai-siri-visionpros-global-rollout-what-to-expect-at-wwdc-2024">Goldman Sachs analyst Michael Ng.</a>
The company could soon launch its annual Back to School promotion for university students in the U.S. and Canada, according to the ads that are making <a href="https://www.benzinga.com/news/24/06/39176435/apples-upcoming-back-to-school-promotion-reportedly-features-gift-cards-for-mac-buyers">rounds on social media</a>.
Karen Firestone of Aureus Asset Management said Waste Connections, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) is a good stock which continues to grow.
On April 24, Waste Connections posted better-than-expected earnings for its first quarter. The company posted quarterly adjusted earnings of $1.04 per share, beating market estimates of $1.00 per share. The company's quarterly sales were $2.073 billion, topping expectations of $2.053 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners picked Invesco S&amp;P 500 Top 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLG#NYSE">XLG</a>) as his final trade.
Price Action:
<ul>
<li>Apple shares rose 0.8% to close at $195.87 on Wednesday.</li>
<li>Waste Connections shares rose 1.4% to close at $168.63 during Wednesday's session.</li>
<li>Invesco S&amp;P 500 Top 50 ETF gained 1.5% during Wednesday's session.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39182518/top-4-consumer-stocks-that-may-implode-in-q2">Top 4 Consumer Stocks That May Implode In Q2</a>

Long Ideas

Media

AAPL

Apple, Waste Connections And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Apple, Waste Connections, Invesco S&P 500 Top 50 ETF

BMO Capital analyst Devin Dodge maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $182 to $186.

BMO Capital Maintains Outperform on Waste Connections, Raises Price Target to $186

Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 16.85 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $2.073 billion which beat the analyst consensus estimate of $2.053 billion by 1.00 percent. This is a 9.05 percent increase over sales of $1.901 billion the same period last year.

Waste Connections Q1 2024 Adj EPS $1.04 Beats $1.00 Estimate, Sales $2.073B Beat $2.053B Estimate

RBC Capital analyst Sabahat Khan assumes Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform rating and raises Price Target to $196.

Cannabis

RBC Capital Assumes Waste Connections at Outperform, Raises Price Target to $196

Jefferies analyst Stephanie Moore maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Buy and raises the price target from $195 to $217.

Jefferies Maintains Buy on Waste Connections, Raises Price Target to $217

Oppenheimer analyst Noah Kaye maintains Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) with a Outperform and raises the price target from $170 to $180.

Oppenheimer Maintains Outperform on Waste Connections, Raises Price Target to $180

UBS analyst Jon Windham downgrades Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>) from Buy to Neutral and raises the price target from $170 to $181.

Downgrades

UBS Downgrades Waste Connections to Neutral, Raises Price Target to $181

Monday marks the last chance for investors to receive the next dividend payout from Waste Connections (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCN#NYSE">WCN</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a quarterly dividend of 28.5 cents per share. On Tuesday, Waste Connections will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 28.5 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own WCN as of the end of Monday's session are eligible to receive the 28.5 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 13, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

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Waste Connections: Waste Margin Improved 80-90bps

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Waste Management: Still An Appealing Opportunity As Its Big Purchase Nears Completion

CIBC analyst Kevin Chiang maintained a Buy rating on Waste Connections (WCN – Research Report) today and set a price target of $193.00. The company...

CIBC Remains a Buy on Waste Connections (WCN)

Waste Connections (TSE:WCN) has released an update. Waste Connections, Inc. has revealed it will disclose its third-quarter financial results for 2...

Waste Connections Sets Q3 2024 Earnings Release Date

Exxon Mobil, Visa Among 17 Companies To Announce Annual Dividend Increases In October

Waste Management: A Trash Stock To Make Your Dividend Treasure

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Commodities

Press Releases

Montrose Environmental Group Partners with Waste Connections to Use Patented PFAS Treatment System to Address PFAS-Impacted Landfill Leachate

WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND

WASTE CONNECTIONS REPORTS SECOND QUARTER 2024 RESULTS AND RAISES FULL YEAR OUTLOOK

WASTE CONNECTIONS ANNOUNCES THE APPOINTMENT OF CHERYLYN HARLEY LEBON TO AND THE RESIGNATION OF LARRY S. HUGHES FROM ITS BOARD OF DIRECTORS

Offerings

WASTE CONNECTIONS RENEWS NORMAL COURSE ISSUER BID FOR SHARE REPURCHASES

Texas Pacific Land Corporation Acquires Permian Mineral Interests and Surface Acreage in Cash Transactions

WASTE CONNECTIONS ANNOUNCES DATES FOR THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

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