Waste Connections Inc. (WCN) PT Raised to $93 at Wedbush Following Positive 4Q Results; 'M&A Tailwinds'
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Waste Connections Reports Fourth Quarter Results And Provides 2017 Outlook
February 21, 2017 4:16 PM ESTFourth Quarter 2016 Highlights
- Revenue of $1.049 billion, exceeding outlook
- Reports 3.7% solid waste core price + volume growth
- Net income attributable to Waste Connections of $85.6 million, or $0.49 per share
- Adjusted net income attributable to Waste Connections* of $120.3 million, or $0.68 per share, up 38.8% per share
- Adjusted EBITDA* of $325.4 million, or 31.0% of revenue, exceeding outlook
Full-Year 2016 Highlights
- Revenue of $3.376 billion
- Reports 4.7% solid waste core price + volume growth
- Net cash provided by operating activities of $795.3 million
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Waste Connections Announces Regular Quarterly Cash Dividend
February 21, 2017 4:05 PM ESTTORONTO, Feb. 21, 2017 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.18 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on March 21, 2017, to shareholders of record on the close of business on March 7, 2017. The Board intends to review the quarterly dividend each October, with a long-term objective of increasing the amount of the dividend.
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