News articles about Waste Management (NYSE:WM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.482819471807 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of equities research analysts recently issued reports on the stock. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. UBS assumed coverage on shares of Waste Management in a research note on Wednesday, March 14th. They set a “neutral” rating and a $93.00 price target on the stock. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday, February 10th. Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Friday, February 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $100.00 target price on shares of Waste Management in a research note on Thursday, January 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $90.44.
Shares of WM opened at $84.21 on Friday. Waste Management has a twelve month low of $70.08 and a twelve month high of $89.73. The firm has a market capitalization of $37,304.63, a PE ratio of 26.15, a PEG ratio of 1.95 and a beta of 0.70. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.45.
Waste Management (NYSE:WM) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.57 billion. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. equities research analysts predict that Waste Management will post 4.04 earnings per share for the current year.
Waste Management declared that its board has approved a share buyback program on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a $0.465 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This is a boost from Waste Management’s previous quarterly dividend of $0.43. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.21%. Waste Management’s dividend payout ratio is presently 57.76%.
In other news, VP Jeff M. Harris sold 8,820 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $87.80, for a total value of $774,396.00. Following the transaction, the vice president now directly owns 80,203 shares in the company, valued at $7,041,823.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jeff M. Harris sold 60,088 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $86.67, for a total transaction of $5,207,826.96. Following the completion of the transaction, the vice president now owns 80,203 shares in the company, valued at $6,951,194.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,291 shares of company stock worth $9,154,833. Company insiders own 0.19% of the company’s stock.
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About Waste Management
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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