A new trading day began on August 04, 2022, with Waste Connections Inc. (NYSE: WCN) stock priced at $135.81, up 2.62% from the previous day of trading. During the day, the shares moved up to $140.865 and dropped to $135.81 before settling in for the closing price of $135.73. WCN’s price has ranged from $113.50 to $145.62 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.80%. Meanwhile, its annual earnings per share averaged 204.20%. With a float of $256.48 million, this company’s outstanding shares have now reached $258.95 million.
Considering the fact that the conglomerate employs 19998 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +27.38, operating margin of +17.49, and the pretax margin is +12.53.
Waste Connections Inc. (WCN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Waste Management Industry. The insider ownership of Waste Connections Inc. is 1.00%, while institutional ownership is 70.30%. The most recent insider transaction that took place on Mar 09, was worth 11,000. In this transaction Director of this company bought 84 shares at a rate of $131.25, taking the stock ownership to the 7,584 shares. Before that another transaction happened on Nov 18, when Company’s Sr Vice President – Operations sold 1,250 for $138.21, making the entire transaction worth $172,762. This insider now owns 17,505 shares in total.
Waste Connections Inc. (WCN) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $1.06 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +10.05 while generating a return on equity of 8.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 204.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.51% during the next five years compared to 17.20% growth over the previous five years of trading.
Waste Connections Inc. (NYSE: WCN) Trading Performance Indicators
Here are Waste Connections Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.35. Likewise, its price to free cash flow for the trailing twelve months is 48.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.45, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 4.31 in one year’s time.
Technical Analysis of Waste Connections Inc. (WCN)
Compared to the last year’s volume of 1.11 million, its volume of 1.13 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.38%. Additionally, its Average True Range was 2.66.
During the past 100 days, Waste Connections Inc.’s (WCN) raw stochastic average was set at 80.29%, which indicates a significant decrease from 91.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.72% in the past 14 days, which was lower than the 23.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $125.47, while its 200-day Moving Average is $130.08. Nevertheless, the first resistance level for the watch stands at $141.50 in the near term. At $143.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $146.56. If the price goes on to break the first support level at $136.44, it is likely to go to the next support level at $133.60. Should the price break the second support level, the third support level stands at $131.39.
Waste Connections Inc. (NYSE: WCN) Key Stats
With a market capitalization of 34.25 billion, the company has a total of 257,166K Shares Outstanding. Currently, annual sales are 6,151 M while annual income is 618,050 K. The company’s previous quarter sales were 1,646 M while its latest quarter income was 180,320 K.
