Waste Connections Stock Takes a Dip Thursday, Underperforming Market
December 23, 2023
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Thursday was not a good day for the stock of Waste Connections ($NYSE:WCN) Inc., as it underperformed the market and experienced a dip in its share prices. It serves over two million residential, commercial, industrial and exploration and production customers throughout the United States and Canada. The company collects and disposes of a variety of waste with their fleet of collection vehicles, transfer stations, material recovery facilities, and landfills. Thursday saw the stock of Waste Connections Inc. take a hit as it failed to keep up with the market.
This underperformance is a cause for concern for investors, as it could suggest that the long term outlook of the company is not as strong as many had hoped. Despite this setback, many analysts remain optimistic about the company’s future prospects due to its well-established business model and wide reach across North America.
Share Price
Waste Connections Inc. (WASTE) saw its stock take a dip on Thursday, underperforming the market. On Friday, WASTE opened at $147.7 and closed at $147.3. The dip in the stock suggests investors are uncertain about the company’s prospects in the coming days and weeks. Investors will be closely monitoring any news that comes out of WASTE in the near future to determine if this dip in stock value is an anomaly or part of a longer-term trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Waste Connections. More…
| Total Revenues | Net Income | Net Margin |
| 7.86k | 830.4 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Waste Connections. More…
| Operations | Investing | Financing |
| 2.09k | -2.41k | 211.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Waste Connections. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.73k | 10.14k | 29.44 |
Key Ratios Snapshot
Some of the financial key ratios for Waste Connections are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | 16.5% | 17.1% |
| FCF Margin | ROE | ROA |
| 15.1% | 11.2% | 4.7% |
Analysis
Our Star Chart showed that the company was weaker in the asset category. Our analysis also showed that the company has a high health score of 8/10, indicating that it is capable of sustaining itself in times of crisis due to its cashflows and debt. Furthermore, we have classified WASTE CONNECTIONS as a ‘gorilla’, a type of company that we have concluded has achieved stable and high revenue or earning growth due to its strong competitive advantage. These results make WASTE CONNECTIONS an attractive investment for those investors looking for a reliable and profitable option to invest in. More…
Peers
The company’s operations include solid waste collection, transfer, disposal, and recycling. Waste Connections Inc has a network of operations in the United States, Canada, and Mexico. The company’s primary competitors are JPX Global Inc, Cleanaway Waste Management Ltd, and Wangneng Environment Co Ltd.
– JPX Global Inc ($OTCPK:JPEX)
JPX Global Inc is a leading provider of innovative technology solutions. The company has a market capitalization of $42.81 million and a return on equity of 9.79%. JPX Global offers a wide range of products and services that enable businesses to operate more efficiently and effectively. The company’s products and services include enterprise resource planning (ERP) software, customer relationship management (CRM) software, business intelligence (BI) software, and enterprise mobility solutions. JPX Global also provides a suite of cloud-based solutions that allow businesses to connect and collaborate with employees, customers, and partners.
– Cleanaway Waste Management Ltd ($ASX:CWY)
Cleanaway Waste Management Ltd is an Australian environmental services company. It is the largest provider of waste management and industrial services in Australia. The company has a market capitalization of $5.99 billion as of 2022 and a return on equity of 3.57%. Cleanaway Waste Management Ltd provides a range of services including waste collection, treatment and disposal, recycling, and resource recovery. The company has a strong focus on environmental sustainability and aims to reduce the environmental impact of waste.
– Wangneng Environment Co Ltd ($SZSE:002034)
Wangneng Environment Co Ltd is a Chinese company that focuses on environmental protection. The company has a market cap of 8.34 billion as of 2022 and a return on equity of 11.53%. The company operates in three main segments: environmental protection, water resources, and solid waste management. The company’s environmental protection segment provides environmental protection services such as air pollution control, water pollution control, and noise pollution control. The water resources segment engages in the development, utilization, and protection of water resources. The solid waste management segment provides services for the treatment and disposal of solid waste.
Summary
Waste Connections Inc. (Waste) stocks fell roughly 2% on Thursday, underperforming the broader market. In the meantime, analysts advise investors to watch for any news regarding Waste’s guidance updates and company performance for further analysis. In addition, analysts caution investors to consider the potential risks of investing in Waste, including geopolitical and economic risks, as well as changes in industry regulations.
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