Financial Analysts Archives - Page 14 of 75

February 14, 2023

National Bank Financial Research Analysts Lift Earnings Estimates for IGM Financial Inc. (TSE:IGM)

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IGM Financial Inc. (TSE:IGM – Get Rating) – Equities research analysts at Countrywide Bank Fiscal upped their FY2024 earnings for each share estimates for shares of IGM Economical in a analysis report issued on Thursday, February 9th. Countrywide Financial institution Monetary analyst J. Gloyn now anticipates that the monetary products and services supplier will write-up earnings for each share of $4.16 for the yr, up from their prior estimate of $4.08. The consensus estimate for IGM Financial’s current complete-12 months earnings is $3.58 per share.

A variety of other brokerages also a short while ago commented on IGM. BMO Money Marketplaces greater their price tag objective on IGM Monetary from C$44.00 to C$45.00 in a investigation report on Friday. Royal Lender of Canada lowered their concentrate on cost on IGM Fiscal from C$44.00 to C$42.00 in a report on Monday, October 24th. National Bankshares amplified their focus on value on IGM Fiscal from C$45.00 to C$48.00 and gave the organization an “outperform” rating in a report on Friday. Scotiabank elevated their price objective on IGM Money from C$45.00 to C$47.00 in a report on Friday. Ultimately, Barclays improved their rate goal on IGM Economic from C$36.00 to C$38.00 in a report on Monday, January 23rd.

IGM Economical Cost Performance

Shares of TSE:IGM opened at C$41.73 on Monday. IGM Monetary has a one yr small of C$33.45 and a just one 12 months higher of C$46.36. The inventory has a fifty working day relocating ordinary of C$39.75 and a 200-working day relocating ordinary of C$37.89. The enterprise has a current market capitalization of C$9.92 billion and a PE ratio of 11.01. The corporation has a debt-to-equity ratio of 37.43, a rapid ratio of .31 and a present-day ratio of 2.08.

IGM Financial Dividend Announcement

The organization also just lately disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Investors of document on Tuesday, January 31st were provided a $.563 dividend. The ex-dividend day was Thursday, December 29th. This signifies a $2.25 annualized dividend and a yield of 5.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. IGM Financial’s dividend payout ratio is at the moment 59.37{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About IGM Financial

(Get Rating)

IGM Monetary Inc operates as a wealth and asset administration enterprise in Canada. It operates through Prosperity Management, Asset Management, and Strategic Investments and Other segments. The corporation provides economic advisory expert services IG Dwelling Approach that offers money arranging companies, this kind of as financial commitment motor vehicles, insurance plan items, property finance loan and banking solutions, and charitable providing program IG Prosperity Management Advisor Portal, a client relationship management system and IG Prosperity Management’s dealer system, which offers elevated automation and supports the two MFDA and IIROC accredited advisors, as very well as new products on its financial investment vendor system.

Proposed Stories

This instantaneous information alert was generated by narrative science technological innovation and money info from MarketBeat in purchase to deliver visitors with the swiftest and most correct reporting. This tale was reviewed by MarketBeat’s editorial workforce prior to publication. Please send any issues or remarks about this tale to contact@marketbeat.com.

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February 12, 2023

Jefferies Financial Group Analysts Reduce Earnings Estimates for Xponential Fitness, Inc. (NYSE:XPOF)

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Xponential Fitness, Inc. (NYSE:XPOF – Get Rating) – Investment analysts at Jefferies Financial Group decreased their Q1 2023 earnings estimates for Xponential Fitness in a research note issued to investors on Wednesday, February 8th. Jefferies Financial Group analyst R. Konik now forecasts that the company will earn $0.31 per share for the quarter, down from their previous forecast of $0.34. The consensus estimate for Xponential Fitness’ current full-year earnings is $0.06 per share. Jefferies Financial Group also issued estimates for Xponential Fitness’ FY2023 earnings at $1.83 EPS.

Other research analysts also recently issued reports about the stock. Guggenheim raised their price objective on shares of Xponential Fitness to $26.00 in a research report on Wednesday, November 16th. Raymond James boosted their price target on Xponential Fitness from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Friday, November 11th. Robert W. Baird increased their price objective on Xponential Fitness from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 10th. B. Riley boosted their target price on Xponential Fitness from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, January 13th. Finally, Morgan Stanley upped their price target on Xponential Fitness from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 31st. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $30.88.

Xponential Fitness Price Performance

Shares of Xponential Fitness stock opened at $23.76 on Friday. The firm’s fifty day simple moving average is $24.06 and its 200-day simple moving average is $20.66. Xponential Fitness has a 12 month low of $11.20 and a 12 month high of $28.59. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -4.76, a PEG ratio of 1.05 and a beta of 1.38.

Xponential Fitness (NYSE:XPOF – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $63.76 million during the quarter, compared to analyst estimates of $55.15 million. Xponential Fitness had a negative net margin of 5.65{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative return on equity of 28.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Activity

In related news, EVP Megan Moen sold 4,633 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $22.17, for a total transaction of $102,713.61. Following the transaction, the executive vice president now owns 36,659 shares of the company’s stock, valued at $812,730.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 69.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Institutional Trading of Xponential Fitness

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in shares of Xponential Fitness during the 1st quarter valued at approximately $32,000. Macquarie Group Ltd. increased its stake in Xponential Fitness by 133.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Macquarie Group Ltd. now owns 2,696 shares of the company’s stock valued at $34,000 after purchasing an additional 1,540 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Xponential Fitness during the second quarter worth $34,000. Hillsdale Investment Management Inc. purchased a new stake in Xponential Fitness during the third quarter worth $82,000. Finally, American International Group Inc. grew its holdings in Xponential Fitness by 29.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. American International Group Inc. now owns 7,939 shares of the company’s stock valued at $100,000 after purchasing an additional 1,824 shares during the last quarter. Hedge funds and other institutional investors own 28.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About Xponential Fitness

(Get Rating)

Xponential Fitness, Inc, through its subsidiaries, operates as a boutique fitness franchisor in the United States and internationally. The company offers fitness and wellness services, including pilates, barre, cycling, stretching, rowing, yoga, boxing, dancing, running, and functional training under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Xponential Fitness wasn’t on the list.

While Xponential Fitness currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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February 11, 2023

Analysts diverge on optimum timeframe for next Boeing aircraft launch | In depth

The query of precisely when Boeing should launch its subsequent new commercial aircraft programme has marketplace and economical analysts spilt.

Some make the circumstance that Boeing must act instantly – taking a bold step that will energise the company and aid it claw back business enterprise misplaced to Airbus.

But many others insist the proper approach is to wait a number of years, by which time Boeing’s stability sheet and provide chain will be prepared for its future big challenge.

What is crystal clear is that Boeing’s decision rests on intricate and interwoven factors involving finances, supply chain, workforce, competitiveness and technologies.

There is risk on all sides. If Boeing moves much too rapid, its following new plane could possibly steal orders from the 737 Max programme, on which Boeing’s funds-flow relies upon. Shift as well slowly but surely, and Boeing could drop additional driving Airbus.

“They should not announce a new airplane right up until soon after 2025, [or] it’s possible 2027,” claims Morgan Stanley fairness analyst Kristine Liwag.

Launching a programme faster could “take a organization that is distressed and set it in even additional distress,” adds Liwag, who spoke on 8 February for the duration of the Pacific Northwest Aerospace Alliance’s yearly provider celebration in close proximity to Seattle.

But BofA Securities money analyst Ron Epstein and business analyst Richard Aboulafia, also at the occasion, assume Boeing should really strike quicker.

Aboulafia phone calls Boeing’s inaction a “complete abdication of leadership” by chief govt David Calhoun.

Analysts commonly imagine Boeing’s up coming plane must be a “mid-market” jet – a person with seats for 220-240 passengers and 5,000-5,500nm (9,260-10,186km) of selection. Immediately after that, they anticipate Boeing would roll out a 737 alternative.

A mid-market place plane could counter Airbus’s rapidly-marketing A321neo, an plane analysts say has enabled the European manufacturer to gobble up industry share after held by Boeing.

A321neos can have 180-230 passengers in two classes. Airlines have experienced accomplishment deploying the style on both quick-distance higher-capability routes and on for a longer time-haul – like transatlantic – flights. Airbus holds orders for nearly 3,700 A321neos and is creating the longer-assortment (4,700nm) A321XLR variant, with assistance entry predicted in 2024.

Analysts say Boeing has no jet that instantly matches the A321neo. Boeing issues that position, saying its continue to uncertificated 737 Max 10 compares well. In general performance terms that is broadly suitable – it options 3,300nm of array and capcity for 188-204 passengers in two classes – but it trails considerably on the business front: the airframer holds orders for 775 Max 10s, in accordance to Cirium details.

“It appears to be that folks are just having in line to get an A321neo,” Aboulafia states.

Boeing had in current several years examined a new mid-industry plane to give airlines an A321neo option. But in November 2022, Calhoun insisted absolutely nothing new is coming shortly. “I really don’t feel we are even going to get to the drawing board this decade,” he claimed, citing a require for more efficient engines ahead of considering any launch.

Irrespective of that remark, rumours abound that Boeing is nonetheless quietly continuing to acquire the mid-current market aircraft. These a jet could have a composite fuselage, folding wing-tips like the 777-9, and appear to sector in the early 2030s, some analysts suspect.

But analysts with an eye on Boeing’s base line consider that is far too soon. “Financially, it doesn’t make sense to announce anything appropriate now,” states RBC Cash Marketplaces aerospace and defence monetary analyst Ken Herbert.

He views Calhoun’s delay strategy as the ideal go, noting Boeing desires to market as quite a few 737 Max in the coming many years as achievable, and maintain manufacturing of the type humming into the 2030s.

“A new plane [in the early 2030s] is a immediate risk to that cash thesis” – it would result in “cannibalisation” of orders for 737 Max, like for the Max 10, claims Herbert. “Who is likely to want to buy a [737 Max] slot in 2031 when you can get one thing drastically greater two or a few years later on.”

Herbert thinks Boeing really should start a new plane in 3 to five several years.

Morgan Stanley’s Liwag agrees, noting a lot of Boeing suppliers are already struggling to retain up with a rather modest 737 generation charge. Some suppliers are scrambling to employ competent employees though other people are facing a income crunch, trying to find to secure loans at recently higher curiosity costs to fund output ramp ups.

Dropping a new plane programme on them now would be ”a little too considerably to ask,” Liwag claims.

She also thinks launching a new plane programme in the in the vicinity of-time period could strain Boeing’s finances. The business should shell out the subsequent various several years having to pay off its additional than $50 billion debts, and launch a thing new by 2025 or 2027.

But BofA’s Epstein does not think Boeing’s present financial scenario require preclude it from going forward. He notes that Embraer – a enterprise with a portion of Boeing’s revenue – has managed to create about a dozen new aircraft in the very last 15 or so yrs.

“I don’t imagine for one minute that The Boeing Enterprise would have a issue financing a new plane, possibly on their very own equilibrium sheet or in the public industry. They just never want to do it,” Epstein says.

Creating a new narrowbody jet would likely expense Boeing $10-12 billion, analysts estimate.

Epstein thinks Boeing could shoulder that stress even though retaining an financial investment-quality credit history ranking. It just cannot do so and also continue prioritising returning to income to shareholders.

“[Boeing] just cannot stay expenditure quality and do an airplane and return $10 billion in income to shareholders. That you can’t do,” Epstein claims. “And ideal now it is hard cash to shareholders.”

February 9, 2023

Analysts Predict Tapestry, Inc. Earnings in the First Quarter of 2024 (NYSE:TPR)

The Tapestry Corporation, INC is denoted by the abbreviation TPR.

Telsey Advisory Team shared their projections for earnings for each share for the 1st quarter of 2024 for Tapestry in a research report revealed on Friday, February 3.

The report was designed readily available to the general public.

According to projections built by D.

Telsey of the Telsey Advisory Group, the income produced by the large-conclude components retailer throughout the third quarter will volume to $.95 for every share.

Telsey Advisory Team has assigned an “Outperform” score to the company in issue, and they have founded a selling price aim of $52.00 for the company’s frequent shares.

As of this instant, the regular estimate amid economic analysts is that Tapestry will be capable to make earnings of $3.64 for each share through this calendar year. On top of that, according to Telsey Advisory Group, Tapestry will generate $1.52 per share in the second quarter of 2024, $.72 for each share in the third quarter, and $1.03 for each share in the fourth quarter of the exact 12 months.

Below the ticker image TPR, the most modern quarterly earnings report for Tapestry, which was claimed on November 10, was made community on the NYSE.

The genuine earnings for each share for the quarter came in at $.79, which is $.04 far more than the believed $.74 marketplace analysts furnished.

The corporation is in the enterprise of advertising luxurious accessories.

Tapestry’s business generated a return on fairness of 35.86{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a web margin of 12.29{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during that time period.

The company’s earnings for the preceding three months arrived in at $1.51 billion, for every the forecasts offered by specialists in the related subject.
Investing in the tapestry inventory started on Monday for $46.11, which was the opening price.

The firm possesses a P/E ratio of 14.64, a PEG ratio of 1.01, and a beta coefficient of 1.40, all of which contribute to its market place capitalization of $11.11 billion.

In accordance to the straightforward moving regular calculated more than the earlier 200 days, the stock’s latest price is $35.71, though the uncomplicated going ordinary calculated over the past 50 times places it at $40.16.

There is a equilibrium involving financial debt and fairness, as indicated by ratios of .73, 1.82, and .95, respectively, for the recent ratio, speedy ratio, and financial debt-to-equity.

Throughout the very same period, Tapestry attained a 52-7 days small of $26.39 and a 52-7 days substantial of $47.48 in the inventory current market.
Lots of different exploration analysts, in addition to people outlined earlier mentioned, have talked about TPR. On January 26, StockNews.com lifted their recommendation for Tapestry from “hold” to “buy,” which was an improve from their earlier ranking of “hold.” In a investigation report that was manufactured community on January 5, Sanford C.

Bernstein decreased their suggestion for Tapestry from “outperform” to “market accomplish.” Credit Suisse Team mentioned that they would be lowering their concentrate on value on Tapestry shares to $45.00 in a study be aware revealed on November 16.

The “neutral” ranking that Goldman Sachs Team had previously assigned to Tapestry was upgraded to the “buy” status in a exploration report released on December 12.

In addition, they elevated their price tag concentrate on for the inventory to $44.00, up from $37.00.

These two moves were executed concurrently. JPMorgan Chase & Co raised its price goal for the stock and assigned it an “overweight” ranking in a exploration report that was built general public on Tuesday, November 29.

The report was manufactured obtainable to the community.

This was the last and most major move the enterprise would make. Only four sector watchers believe that the inventory should be held steady as an financial investment, when eleven believe that that the stock need to be ordered.

Tapestry is at this time rated as owning a consensus suggestion of “Moderate Buy” on Bloomberg.com, and the website’s normal rate target for the stock is $46.53 for each share.

Not too long ago, TPR has been modified in response to feed-back from a sizeable quantity of hedge money and other institutional buyers.

Brown Brothers Harriman & Co increased the amount of money of Tapestry stock owned by 340.7 percent over the initially quarter.

As a result of the buy of 511 additional shares for the duration of the most the latest fiscal quarter, Brown Brothers Harriman & Co now possesses a overall of 661 shares of the inventory of the luxury equipment retail store.

These shares are at this time worthy of the company’s put together sum of $25,000.

Tapestry received an further investment of $26,000 from Alpha Paradigm Companions LLC during the 3rd quarter, bringing the full total of capital the expenditure agency has contributed to the business to around $26,000.

Assetmark INC’s holdings in Tapestry saw a overall raise of 2,382.1 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} through the third quarter of this calendar year.

Following acquiring an added 929 shares all through the most recent quarter, Assetmark INC is now the proud owner of 968 shares in the luxurious accessories shop.

These shares had been acquired for the duration of the most recent quarter.

These shares are at the moment well worth $28,000, which is their market value.

Throughout the 3rd quarter, Truvestments Money LLC greater its stake in Tapestry by buying added shares for close to $28,000, bringing its total financial commitment to roughly $50,000. Ronald Blue Have faith in INC invested an extra $30,001 in Tapestry in the next quarter to obtain further organization shares.

The greater part of the shares in the company are managed by institutional traders and hedge funds, which account for 92.84 percent of the overall.

On Friday, December 2, Vice President Manesh Dadlani offered 1,582 shares of the company’s stock, which delivers us to yet another piece of information about Tapestry.

The Tapestry was the a person who educated us of this transaction.

The price tag of every share was determined to be $38.53 on regular right after the sale of the shares, which resulted in a overall earnings of $60,954.46. Next the completion of the transaction, the vice president now has immediate manage above 39,375 shares of the company.

These shares have a mixed benefit of $1,517,118.75.

A document containing the information and facts specified to the Securities and Trade Fee with regards to the transaction can be observed on this website.

The document contains all of the data that was presented to the SEC.

The organization insiders’ recent possession of the company’s inventory is .81{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

February 7, 2023

Pinterest’s stock tumbles on sales, earnings misses

Pinterest Inc. reported sales, profits and monthly active users that fell short of financial analysts’ estimates Thursday, initially sending shares down 14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in extended trading.

Pinterest
PINS,
+1.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
reported fourth-quarter earnings of $17.5 million, or 3 cents a share, on sales of $877.2 million, up 4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from $846.7 million in the year-ago quarter. After adjusting for stock compensation and other factors, the online-scrapbook company reported earnings of 3 cents a share.

Pinterest also announced its board of directors authorized a repurchase of up to $500 million of its Class A common stock over the next 12 months.

“While the industry as a whole is facing headwinds, we are adapting quickly to a changing macro environment and are committed to creating a more positive online experience for our users and advertisers,” new Pinterest Chief Executive Bill Ready said in a statement.

Pinterest said first-quarter revenue will “grow low single digits on a year-over-year percentage basis” and that Chief Financial Officer Todd Morgenfeld will leave the company July 1.

Analysts on average expected Pinterest to report adjusted earnings of 27 cents a share on sales of $888 million, according to FactSet. Shares drooped 14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in after-hours trading Monday before rallying. In the regular session, Pinterest shares inched up 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to $27.93.

Monthly active users jumped 4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 450 million; Wall Street analysts on average predicted 451.7 million.

The financial results mirrored sagging revenue and earnings that plagued Snap Inc.
SNAP,
+9.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996},
Alphabet Inc.’s
GOOGL,
-1.79{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

GOOG,
-1.66{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
Google and Facebook parent company Meta Platforms Inc.
META,
-0.25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
last week as online ad buyers scale back spending in a slowing economy.

Last week, Pinterest announced a workforce reduction of less than 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, or about 150 jobs.

Evercore ISI analyst Mark Mahaney had expected better things financially from Pinterest “given its relatively low impact from [Apple Inc.’s
AAPL,
-1.79{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
App Tracking Transparency] and potential share gains from [Twitter], but the checks also point to a clear sign that the Ad Winter is extending into Q1,” he said in a note Sunday. “We continue to believe that in an Ad Winter, marketing budgets will concentrate to the largest platforms –– META & GOOG.”

Pinterest’s stock has risen 15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} so far this year, while the S&P 500 index
SPX,
-0.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}
has risen 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in 2023.

February 6, 2023

Waste Connections, Inc. (NYSE:WCN) Given Consensus Rating of “Buy” by Analysts

Waste Connections, Inc. (NYSE:WCN – Get Rating) has received an average recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $150.50.

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A number of analysts recently commented on the stock. Raymond James dropped their price target on shares of Waste Connections from $157.00 to $152.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, January 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 target price on shares of Waste Connections in a research note on Tuesday, October 25th. Royal Bank of Canada upped their target price on Waste Connections from $150.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. StockNews.com began coverage on shares of Waste Connections in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Morgan Stanley reduced their target price on Waste Connections from $163.00 to $158.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 4th.

Waste Connections Trading Up 0.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Shares of Waste Connections stock opened at $132.23 on Friday. The firm has a market cap of $34.01 billion, a PE ratio of 42.38, a P/E/G ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.89 and a quick ratio of 0.89. Waste Connections has a 1 year low of $113.50 and a 1 year high of $148.20. The stock has a fifty day moving average price of $134.38 and a 200-day moving average price of $136.21.

Waste Connections (NYSE:WCN – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Waste Connections had a return on equity of 14.10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 11.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Equities research analysts anticipate that Waste Connections will post 3.8 EPS for the current year.

Insider Transactions at Waste Connections

In other Waste Connections news, SVP Eric Hansen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $136.93, for a total transaction of $547,720.00. Following the completion of the transaction, the senior vice president now owns 6,460 shares of the company’s stock, valued at approximately $884,567.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Waste Connections

Several institutional investors and hedge funds have recently modified their holdings of the stock. BMS Financial Advisors LLC raised its stake in Waste Connections by 2.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. BMS Financial Advisors LLC now owns 3,887 shares of the business services provider’s stock worth $528,000 after buying an additional 86 shares in the last quarter. Pacifica Partners Inc. boosted its position in shares of Waste Connections by 12.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Pacifica Partners Inc. now owns 818 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 93 shares in the last quarter. Schechter Investment Advisors LLC grew its stake in Waste Connections by 0.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Schechter Investment Advisors LLC now owns 19,981 shares of the business services provider’s stock worth $2,701,000 after purchasing an additional 93 shares during the period. Allworth Financial LP raised its holdings in Waste Connections by 2.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Allworth Financial LP now owns 3,899 shares of the business services provider’s stock worth $517,000 after purchasing an additional 108 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Waste Connections by 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Glenmede Trust Co. NA now owns 3,597 shares of the business services provider’s stock valued at $486,000 after buying an additional 111 shares in the last quarter. 85.58{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

About Waste Connections

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Waste Connections, Inc engages in the provision of non-hazardous waste collection, transfer, and disposal services. It offers its services to residential, commercial, landfill and transfer stations, and industries such as office, apartments multi-family, construction and demolition, property management, retail, restaurant, and manufacturing.

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Waste Connections Trading Up 0.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Insider Transactions at Waste Connections

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