Summary
Waste Connections experiences a significant surge in its stock price, jumping 12% in a week following a strong earnings report. The company, which has been a stable but stagnant investment for some time, reported a 7.3% increase in revenue and a 9.7% rise in adjusted earnings per share. The solid waste collection segment, which constitutes the majority of its revenue, saw a 5.5% price increase, contributing to the positive results. Additionally, Waste Connections announced a 10% dividend increase and a billion-dollar share buyback program, further boosting investor confidence.
In contrast, Rogers Communications faces challenges, with its stock showing little growth over the past several years. The company reported a modest 2% increase in revenue, but adjusted earnings per share fell by 6%. While free cash flow saw a significant rise due to reduced capital expenditures, the decline in wireless revenue and stagnant cable services raise concerns about its future performance. The average revenue per user decreased, indicating increased competition in the telecommunications market. Despite reaffirming its guidance, Rogers struggles to maintain growth in a competitive landscape, leading to a cautious outlook for investors.
Show Notes
The Moose on The Loose helps Canadians to invest with more conviction so they can enjoy their retirement. Today, we review Waste Connections (WCN) and Rogers' (RCI) latest quarterly earnings. It's all about Dividend growth investing! Subscribe to the best free dividend investing newsletter: https://thedividendguyblog.com/newsletter Get the 20 income products guide for retirees: https://retirementloop.ca/income/
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