Waste Management (NYSE:WM) will be posting its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Waste Management to post earnings of $0.83 per share for the quarter.
Waste Management (WM) opened at $80.57 on Tuesday. Waste Management has a one year low of $69.55 and a one year high of $89.73. The firm has a market cap of $34,980.00, a P/E ratio of 25.91, a P/E/G ratio of 2.25 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60.
Waste Management declared that its board has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 387 shares of Waste Management stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total transaction of $34,172.10. Following the sale, the director now directly owns 30,673 shares of the company’s stock, valued at $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.
WM has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Oppenheimer raised their price target on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Monday, January 8th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $95.00 in a report on Monday, December 11th. Finally, Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.00.
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About Waste Management
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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