Waste Connections (WCN) Holds Buy Rating Despite Mixed Q3 Earnings Results

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The institution reported gross of $2.46 cardinal successful the 3rd quarter, somewhat higher than the statement anticipation of $2.45 cardinal and a 5.1% emergence implicit the aforesaid 4th a twelvemonth earlier. However, adjusted EPS came successful astatine $1.35, missing expert forecasts of $1.38.

Waste Connections Inc. (NYSE:WCN) besides reported an 11.1% summation successful its regular quarterly dividend and completed stock buybacks totaling astir 1% of outstanding shares. Year-to-date, the institution has completed oregon secured ceremonial agreements connected acquisitions totaling astir $300 cardinal successful yearly revenue.

Following the results, Stifel maintained a Buy standing but lowered its terms people for Waste Connections Inc. (NYSE:WCN) to $218 from $221 on October 23, noting that the company’s halfway concern exceeded expectations.

Waste Connections Inc. (NYSE:WCN) is simply a coagulated discarded absorption institution providing integrated services including non-hazardous discarded collection, transfer, disposal, and assets betterment (recycling and renewable fuels).

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.