Waste Connections Inc (NYSE: WCN) on Tuesday, soared 0.37% from the previous trading day, before settling in for the closing price of $190.83. Within the past 52 weeks, WCN’s price has moved between $137.25 and $194.83.
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During the last 5-year period, the sales growth of Industrials Sector giant was 10.39%. The company achieved an average annual earnings per share of 15.37%. With a float of $257.39 million, this company’s outstanding shares have now reached $258.01 million.
Let’s determine the extent of company efficiency that accounts for 22539 employees. In terms of profitability, gross margin is 32.54%, operating margin of 19.23%, and the pretax margin is 13.83%.
Waste Connections Inc (WCN) Insider Activity
Observing investor behavior towards Waste Management industry stocks is more important than anything else. The insider ownership of Waste Connections Inc is 0.26%, while institutional ownership is 91.02%. The most recent insider transaction that took place on Nov 12 ’24, was worth 187,500. In this transaction SR VP Operations of this company sold 1,000 shares at a rate of $187.50, taking the stock ownership to the 2,250 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Executive VP Engineering sold 2,000 for $185.32, making the entire transaction worth $370,650. This insider now owns 12,317 shares in total.
Waste Connections Inc (WCN) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.11 earnings per share (EPS) for the period topping the consensus outlook (set at 1.09) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.72% 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
Waste Connections Inc (WCN) is currently performing well based on its current performance indicators. A quick ratio of 0.77 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.68. Likewise, its price to free cash flow for the trailing twelve months is 40.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.64, a number that is poised to hit 1.20 in the next quarter and is forecasted to reach 5.40 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 0.77 million, which is a drop from its year-to-date volume of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 68.93%. Additionally, its Average True Range was 2.61.
During the past 100 days, Waste Connections Inc’s (WCN) raw stochastic average was set at 84.49%, which indicates a significant increase from 73.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.64% in the past 14 days, which was higher than the 13.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $182.48, while its 200-day Moving Average is $175.38. However, in the short run, Waste Connections Inc’s stock first resistance to watch stands at $192.21. Second resistance stands at $192.87. The third major resistance level sits at $193.86. If the price goes on to break the first support level at $190.56, it is likely to go to the next support level at $189.57. Should the price break the second support level, the third support level stands at $188.91.
Waste Connections Inc (NYSE: WCN) Key Stats
Market capitalization of the company is 49.43 billion based on 258,063K outstanding shares. Right now, sales total 8,022 M and income totals 762,800 K. The company made 2,338 M in profit during its latest quarter, and 308,050 K in sales during its previous quarter.
