Waste Management, Inc. (NYSE:WM) – Analysts at First Analysis issued their Q3 2017 earnings per share estimates for shares of Waste Management in a research note issued on Monday. First Analysis analyst C. Greendale anticipates that the business services provider will earn $0.89 per share for the quarter.
Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business posted $0.74 earnings per share. Waste Management’s quarterly revenue was up 7.4% on a year-over-year basis.
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WM has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $80.00 in a report on Wednesday, October 4th. KeyCorp increased their price objective on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Oppenheimer Holdings, Inc. increased their price objective on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Waste Management in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $78.74.
Waste Management (NYSE:WM) opened at 76.84 on Wednesday. The stock’s 50 day moving average is $77.49 and its 200-day moving average is $74.58. Waste Management has a 52 week low of $61.59 and a 52 week high of $79.28. The firm has a market capitalization of $33.81 billion, a price-to-earnings ratio of 26.32 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.21%. Waste Management’s dividend payout ratio (DPR) is presently 58.42%.
Several hedge funds have recently added to or reduced their stakes in WM. Shine Investment Advisory Services Inc. acquired a new stake in shares of Waste Management in the 2nd quarter worth about $101,000. Northwest Investment Counselors LLC acquired a new position in Waste Management during the 2nd quarter valued at about $103,000. Bruderman Asset Management LLC acquired a new position in Waste Management during the 2nd quarter valued at about $110,000. Guardian Life Insurance Co. of America increased its stake in Waste Management by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares during the period. Finally, FTB Advisors Inc. increased its stake in Waste Management by 4.3% during the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock valued at $116,000 after buying an additional 65 shares during the period. 74.88% of the stock is currently owned by institutional investors and hedge funds.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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