Waste Connections(NYSE:WCN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $727.64M. Analysts estimated a revenue of $712.83M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.53.
In a different note, RBC Capital said it Initiates Coverage on Waste Connections, according to a research note issued on Jun 6, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 2, 2016, BMO Capital said it Upgrades its rating on Waste Connections. The shares have been rated ‘Outperform’ by the firm. CIBC said it Initiates Coverage on Waste Connections, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Sector Outperform’ by the firm. On May 27, 2016, Stifel Nicolaus said it Maintains its rating on Waste Connections. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Buy’ by the firm.
Waste Connections (WCN) shares turned negative on Fridays trading session with the shares closing down -0.64 points or -0.81% at a volume of 3,87,519. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.32. The peak price level was also seen at $79.32 while the days lowest was $78.2. Finally the shares closed at $78.4. The 52-week high of the shares is $79.71 while the 52-week low is $45.7. According to the latest information available, the market cap of the company is $9,621 M.
Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Patrick James Shea (Sr. VP, General Counsel & Sec) sold 5,000 shares at $73.05 per share price.Also, On Jun 8, 2016, James Little (Sr. Vice President Engineering) sold 3,000 shares at $70.60 per share price.On Dec 4, 2015, Matthew Stephen Black (Vice President – Tax) sold 2,300 shares at $55.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Waste Connections Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection transfer disposal and recycling services. It provides non-hazardous exploration and production (E&P) waste treatment recovery and disposal services. The Company operates in four segments: Western Central Eastern and E&P. The Company’s Western segment consists of locations in Alaska California Idaho Montana Nevada Oregon Washington and western Wyoming. The Company’s Central segment consists of locations in Arizona Colorado Kansas Louisiana Minnesota Nebraska New Mexico Oklahoma South Dakota Texas Utah and eastern Wyoming. The Company’s Eastern segment consists of locations in Alabama Illinois Iowa Kentucky Massachusetts Michigan Mississippi New York North Carolina South Carolina and Tennessee. The Company’s E&P segment consists of its E&P operations in Louisiana New Mexico North Dakota Oklahoma Texas Wyoming and Gulf of Mexico.