Pick a powerful wallet generator: Waste Connections, Inc. (NYSE: WCN)

On Wednesday, Waste Connections, Inc. (NYSE: WCN) spotted trading -10.88% off 52-week high price. On the other end, the stock has been noted 11.54% away from the low price over the last 52-weeks. The stock changed -4.04% to recent value of $93.73. The stock transacted 1052127 shares during most recent day however it has an average volume of 921.3K shares.

Waste Connections, Inc. (WCN) recently reported its results for the fourth quarter of 2019.

Full Year 2019 Results

For the year ended December 31, 2019, revenue was $5.389B , as contrast to revenue of $4.923B in 2018.  Operating income, which included $77.4M of impairments and other operating items, fair value accounting changes to certain equity awards, and other acquisition-related costs, was $837.8M.  This compares to operating income of $832.2M in the previous year, which included $40.7M of impairments and other operating items, fair value accounting changes to certain equity awards, and other acquisition-related costs.

Net income attributable to Waste Connections in 2019 was $566.8M, or $2.14 per share on a diluted basis of 264.5M shares.  In 2018, the Company stated net income attributable to Waste Connections of $546.9M, or $2.07 per share on a diluted basis of 264.4M shares.

Adjusted net income attributable to Waste Connections* in 2019 was $719.6M, or $2.72 per share, contrast to $667.3M , or $2.52 per share, in the previous year. Adjusted EBITDA* in 2019 was $1.674B, as contrast to $1.566B in the previous year.  Adjusted net income attributable to Waste Connections, adjusted net income attributable to Waste Connections per diluted share and adjusted EBITDA, all non-GAAP measures, primarily exclude the impact of the Tax Act, acquisition-related items and impairments and other operating items, as reflected in the detailed reconciliations in the attached tables.

2020 Outlook

Waste Connections also reported its outlook for 2020, which assumes no change in the current economic environment, unless otherwise indicated.  The Company’s outlook excludes any impact from additional acquisitions that may close during the year, and expensing of transaction-related items.  The outlook provided below is forward looking, and actual results may differ materially depending on risks and uncertainties detailed at the end of this release and in our periodic filings with the Securities and Exchange Commission and the securities commissions or similar regulatory authorities in Canada. Certain components of the outlook for 2020 are subject to quarterly fluctuations.  See reconciliations in the attached tables.

Revenue is estimated in the range of $5.725B to $5.775B, including the following:

Net income attributable to Waste Connections is estimated in the range of $653.0M to $668.0M

Adjusted EBITDA* is estimated in the range of $1.760B to $1.785B, or 30.7% – 30.9% of revenue

Net cash provided by operating activities is estimated in the range of $1.600B to $1.625B

Capital expenditures are estimated at $625M

Adjusted free cash flow* is estimated in the range of $975.0M to $1.0B.

Its earnings per share (EPS) expected to touch remained 3.60% for this year while earning per share for the next 5-years is expected to reach at 8.48%. WCN has a gross margin of 40.60% and an operating margin of 15.50% while its profit margin remained 10.50% for the last 12 months.   According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.81% from the mean of 20 days, -4.21% from mean of 50 days SMA and performed 0.23% from mean of 200 days price. Company’s performance for the week was -7.85%, -6.22% for month and YTD performance remained 3.24%.

Gregory Amaral

Gregory Amaral–  Business Stories I am Gregory Amaral with more than 10 years of experience in the Stock market industry, I am energetic about Finance and Business news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of Observednews.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Business News category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

Leave a Reply

Your email address will not be published. Required fields are marked *