Waste Connections Stock Soars 77% in 5 Years, Driven by Strong EPS Growth

Waste Connections' stock price has risen 77% in 5 years and 16% in 1 year, driven by steady earnings growth and favorable sentiment. The company reported $1.04 earnings per share, beating analysts' estimates, with a net margin of 9.70% and a return on equity of 14.66%.

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Bijay Laxmi
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Waste Connections Stock Soars 77% in 5 Years, Driven by Strong EPS Growth

Waste Connections Stock Soars 77% in 5 Years, Driven by Strong EPS Growth

Waste Connections Inc. (NYSE:WCN) has demonstrated impressive stock performance, outperforming market returns over the past 5 years and 1 year. The company's stock price has risen by a remarkable 77% in the last 5 years and 16% in the last 1 year, driven by steady earnings growth and favorable sentiment.

Why this matters: The strong stock performance of Waste Connections Inc. reflects the growing importance ofcommercial, services and sustainability in the modern economy. As the company continues to expand its services, it may have a significant impact on the environment and contribute to a more circular economy.

The strong stock performance is attributed to Waste Connections' 8.2% annual EPS growth, indicating a steady increase in the company's earnings per share. Waste Connections reported $1.04 earnings per share for the most recent quarter, beating analysts' consensus estimates of $1.02 by $0.02. The company had a net margin of 9.70% and a return on equity of 14.66%. Revenue was $2.07 billion, up 9.1% on a year-over-year basis.

Several equities research analysts have issued reports on WCN shares in recent months. hold rating. JPMorgan Chase & Co. increased their target price from $153.00 to $175.00 and gave the stock an "overweight" rating. Citigroup raised their target price from $136.00 to $163.00 and gave the company a "neutral" rating. The company currently has an average rating of "Moderate Buy" and a consensus target price of $179.33.

Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. The company offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers, as well as landfill disposal services and recycling services for various recyclable materials.

Waste Connections has a market capitalization of C$59.00 billion, a price-to-earnings ratio of 54.20, and a beta of 0.66. The company's debt-to-equity ratio is 104.12, with a quick ratio of 0.74 and a current ratio of 0.75. own 86.09% of the company's stock.

Waste Connections' impressive stock performance over the past 5 years, driven by steady earnings growth and favorable sentiment, positions the company as a notable performer in the waste management industry. With a strong market position, solid financials, and positive analyst ratings, Waste Connections appears well-positioned for continued growth and success in the years ahead.

Key Takeaways

  • Waste Connections' stock price rose 77% in 5 years and 16% in 1 year.
  • The company's 8.2% annual EPS growth drove its strong stock performance.
  • Waste Connections reported $1.04 EPS, beating analysts' estimates by $0.02.
  • The company has a "Moderate Buy" rating and a consensus target price of $179.33.
  • Waste Connections is well-positioned for continued growth in the waste management industry.