WCN is a company that helps businesses in the US and Canada get rid of their trash and rent dumpsters.
The market capitalization of the company is close to $35 billion, and it pays a dividend of 0.75 percent. Since its initial public offering (IPO) in 2009, WCN has given investors a return of close to 1,400%. In 2022, WCN stock did better than most of the market. But since November 2021, the share price has stayed the same.
The tight consolidation over the past few months is getting close to the bottom of its long-term trendline. This could be a good sign from a technical point of view that the period of consolidation is over and that shares are ready to go up.
But technical details can never tell the whole story. Investors should also look at the financials of the company to make a good guess. So, how did WCN do in comparison to its rivals?
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Waste Connections has a strong track record of growth, with an 8.1% increase in revenue over the past three years. Earnings for the fourth quarter were $0.01 per share more than what was expected. The fact that the other two companies on this list didn’t meet expectations in the same quarter makes this result even more impressive.
In the last four quarters, WCN has made more money than expected three times. The waste management company had $1.87 billion in sales in the fourth quarter, which was more than the same time last year. This is a big increase from last year’s same quarter, when the business made $1.62 billion.
Even though it has done well and has a good technical position, investors should still be careful. With shares trading at 42 times the value of the company’s earnings, the P/E ratio may be too high.
Because of its price and financial performance, WCN is a good investment for people who want to get into the waste management industry.
WCN is a company that helps businesses in the US and Canada get rid of their trash and rent dumpsters. The market capitalization of the company is close to $35 billion, and it pays a dividend of 0.75 percent.
Since its initial public offering (IPO) in 2009, WCN has given investors a return of close to 1,400%. In 2022, WCN stock did better than most of the market. But since November 2021, the share price has stayed the same.
The tight consolidation over the past few months is getting close to the bottom of its long-term trendline. This could be a good sign from a technical point of view that the period of consolidation is over and that shares are ready to go up.
But technical details can never tell the whole story. Investors should also look at the financials of the company to make a good guess. So, how did WCN do in comparison to its rivals?
Waste Connections has a strong track record of growth, with an 8.1% increase in revenue over the past three years. Earnings for the fourth quarter were $0.01 per share more than what was expected. The fact that the other two companies on this list didn’t meet expectations in the same quarter makes this result even more impressive. In the last four quarters, WCN has made more money than expected three times.
The waste management company had $1.87 billion in sales in the fourth quarter, which was more than the same time last year. This is a big increase from last year’s same quarter, when the business made $1.62 billion.
Even though it has done well and has a good technical position, investors should still be careful. With shares trading at 42 times the value of the company’s earnings, the P/E ratio may be too high.
Because of its price and financial performance, WCN is a good investment for people who want to get into the waste management industry.