Waste Connections (WCN) Tops Q4 EPS by 2c, Offers FY16 Guidance
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Waste Connections' (WCN) Strong Price and Volumes Drives 4Q Beat; Wedbush Reiterates Outperform
February 10, 2016 9:27 AM ESTWedbush reiterated an Outperform rating on Waste Connections Inc. (NYSE: WCN), and trimmed the price target to $67.00 (from $68.00), following the company's 4Q earnings. Revenue of $531.9 million and adjusted EBITDA of $175.6 million was inline with preliminary results. The better than expected results drove 4Q adjusted EPS two cents above the $0.47 consensus estimate. Results that benefited from... More
Imperial Capital Raises Price Target on Waste Connections (WCN) Following a Strong 4Q
February 10, 2016 7:56 AM ESTImperial Capital reiterated an Outperform rating on Waste Connections Inc. (NYSE: WCN), and raised the price target to $65.00 (from $60.00), following a 4Q review. WCN reported an adjusted EPS of $0.49, above consensus estimates of $0.47, and consistent with the company's positive preannouncement on 1/19/16. Revenue exceeded estimates by $12mn, as upside in core organic solid waste, and acquisitions, offset a downside in fuel surcharges and... More
