Waste Connections (NYSE:WCN) Announces Quarterly Earnings Results

Waste Connections (NYSE:WCN) issued its earnings results on Wednesday. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.06, FiscalAI reports. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.60 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year.

Waste Connections Stock Down 0.6%

Waste Connections stock opened at $168.51 on Thursday. The company has a market capitalization of $42.29 billion, a P/E ratio of 40.61, a P/E/G ratio of 2.97 and a beta of 0.49. The firm’s fifty day simple moving average is $160.94 and its 200-day simple moving average is $161.42. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections has a 1-year low of $146.89 and a 1-year high of $179.74.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.3850 per share. This is a positive change from Waste Connections’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, November 5th. This represents a $1.54 annualized dividend and a dividend yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is currently 33.73%.

Waste Connections News Roundup

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Quarterly results beat expectations. Adjusted earnings per share rose to $1.58 from $1.44 a year earlier, exceeding estimates of $1.52–$1.54. Revenue reached approximately $2.64 billion, ahead of forecasts near $2.60–$2.61 billion, while reported operating profit and net income also improved. Waste Connections Reports Third Quarter 2026 Results and Raises Full Year Outlook
• Positive Sentiment: Management raised its full-year outlook. The company cited continued execution, improving landfill activity and commodity-related revenue. Solid-waste unit volumes improved sequentially by 70 basis points, led by stronger landfill volumes, suggesting better demand trends. Waste Connections raises outlook as landfill volumes improve
• Positive Sentiment: The quarterly dividend increased 10%. Waste Connections raised its dividend to $0.385 per share from $0.35, payable November 19 to shareholders of record November 5. The increase signals confidence in cash generation, although the forward yield remains modest at about 0.9%. Waste Connections Announces 10.0% Increase in Quarterly Dividend
• Neutral Sentiment: Valuation may limit additional upside. Despite the earnings momentum, WCN trades near the upper end of its 12-month range and at a premium earnings multiple, leaving the stock sensitive to any slowdown in growth or weaker guidance.
• Negative Sentiment: JPMorgan reduced its price target to $180. The target cut introduces a more cautious analyst view, even though it remains above the stock’s recent trading level. JPMorgan cuts target to $180 for Waste Connections stock

Insiders Place Their Bets

In other Waste Connections news, SVP Robert Cloninger sold 2,811 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total transaction of $480,737.22. Following the transaction, the senior vice president directly owned 11,666 shares in the company, valued at $1,995,119.32. This trade represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philip Rivard sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total value of $416,425.00. Following the transaction, the senior vice president owned 734 shares in the company, valued at approximately $122,262.38. This trade represents a 77.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WCN shares. Scotiabank set a $193.00 target price on shares of Waste Connections in a research note on Thursday, October 15th. TD Cowen reaffirmed a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research note on Friday, July 24th. Morgan Stanley cut their price objective on Waste Connections from $205.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Raymond James Financial set a $189.00 price objective on Waste Connections in a report on Friday, October 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Waste Connections from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.61.

About Waste Connections

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and construction customers, offering scheduled and on-demand collection as well as waste management solutions tailored to municipalities and businesses.

Its operations include local collection fleets, transfer stations, recycling and resource-recovery facilities, and landfills. Waste Connections also provides non-hazardous oilfield waste services, including the collection, transportation, treatment and disposal of waste generated by energy-production activities.

Founded in 1997, Waste Connections has grown through a combination of internal development and acquisitions.