Waste Connections Inc (NYSE: WCN) kicked off on Tuesday, up 0.66% from the previous trading day, before settling in for the closing price of $173.92. Over the past 52 weeks, WCN has traded in a range of $126.12-$177.25.
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During the last 5-year period, the sales growth of Industrials Sector giant was 10.39%. While this was happening, its average annual earnings per share was recorded 13.85%. With a float of $257.23 million, this company’s outstanding shares have now reached $257.60 million.
Let’s determine the extent of company efficiency that accounts for 22539 employees.
Waste Connections Inc (WCN) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Waste Management Industry. The insider ownership of Waste Connections Inc is 0.30%, while institutional ownership is 93.14%. The most recent insider transaction that took place on Jun 07 ’24, was worth 169,000. In this transaction SR VP Operations of this company sold 1,000 shares at a rate of $169.00, taking the stock ownership to the 5,321 shares. Before that another transaction happened on May 10 ’24, when Company’s Director sold 1,500 for $167.59, making the entire transaction worth $251,388. This insider now owns 8,004 shares in total.
Waste Connections Inc (WCN) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 1.02 earnings per share (EPS), higher than consensus estimate (set at 1.01) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.41% 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
Take a look at Waste Connections Inc’s (WCN) current performance indicators. Last quarter, stock had a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.51. Likewise, its price to free cash flow for the trailing twelve months is 36.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.08, a number that is poised to hit 1.16 in the next quarter and is forecasted to reach 5.42 in one year’s time.
Technical Analysis of Waste Connections Inc (WCN)
Looking closely at Waste Connections Inc (NYSE: WCN), its last 5-days average volume was 0.97 million, which is a jump from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 58.51%. Additionally, its Average True Range was 2.57.
During the past 100 days, Waste Connections Inc’s (WCN) raw stochastic average was set at 90.95%, which indicates a significant increase from 81.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.69% in the past 14 days, which was lower than the 15.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $167.41, while its 200-day Moving Average is $154.29. However, in the short run, Waste Connections Inc’s stock first resistance to watch stands at $176.16. Second resistance stands at $177.27. The third major resistance level sits at $178.87. If the price goes on to break the first support level at $173.45, it is likely to go to the next support level at $171.85. Should the price break the second support level, the third support level stands at $170.74.
Waste Connections Inc (NYSE: WCN) Key Stats
The company with the Market Capitalisation of 45.17 billion has total of 258,022K Shares Outstanding. Its annual sales at the moment are 8,022 M in contrast with the sum of 762,800 K annual income. Company’s last quarter sales were recorded 2,073 M and last quarter income was 230,050 K.
