A new trading day began on Tuesday, with Waste Connections Inc (NYSE: WCN) stock price up 0.06% from the previous day of trading ,before settling in for the closing price of $168.26. WCN’s price has ranged from $126.12 to $173.02 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 10.39% over the past five years. Meanwhile, its annual earnings per share averaged 14.11%. With a float of $256.76 million, this company’s outstanding shares have now reached $257.60 million.
Let’s look at the performance matrix of the company that is accounted for 22539 employees.
Waste Connections Inc (WCN) Insider and Institutional Ownership
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 0.36%, while institutional ownership is 94.21%. The most recent insider transaction that took place on Mar 07 ’24, was worth 1,011,840. In this transaction Executive VP Engineering of this company sold 6,000 shares at a rate of $168.64, taking the stock ownership to the 28,215 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Director sold 2,000 for $168.79, making the entire transaction worth $337,590. This insider now owns 31,600 shares in total.
Waste Connections Inc (WCN) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $1.11 per share, which was $0.1 higher 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.20% during the next five years compared to 7.33% 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 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.41. Likewise, its price to free cash flow for the trailing twelve months is 36.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.95, a number that is poised to hit 1.00 in the next quarter and is forecasted to reach 5.47 in one year’s time.
Technical Analysis of Waste Connections Inc (WCN)
Waste Connections Inc (NYSE: WCN) saw its 5-day average volume 0.61 million, a negative change from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 22.83%. Additionally, its Average True Range was 2.12.
During the past 100 days, Waste Connections Inc’s (WCN) raw stochastic average was set at 89.07%, which indicates a significant increase from 28.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.08% in the past 14 days, which was lower than the 17.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $165.85, while its 200-day Moving Average is $146.42. Nevertheless, the first resistance level for the watch stands at $169.32 in the near term. At $170.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $171.67. If the price goes on to break the first support level at $166.96, it is likely to go to the next support level at $165.57. The third support level lies at $164.61 if the price breaches the second support level.
Waste Connections Inc (NYSE: WCN) Key Stats
With a market capitalization of 43.38 billion, the company has a total of 258,014K Shares Outstanding. Currently, annual sales are 8,022 M while annual income is 762,800 K. The company’s previous quarter sales were 2,036 M while its latest quarter income was 126,750 K.
