Equities analysts forecast that Waste Management (NYSE:WM) will post $3.57 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Waste Management’s earnings, with estimates ranging from $3.54 billion to $3.58 billion. Waste Management reported sales of $3.44 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, April 20th.
According to Zacks, analysts expect that Waste Management will report full year sales of $15.09 billion for the current year, with estimates ranging from $15.07 billion to $15.13 billion. For the next fiscal year, analysts expect that the company will post sales of $15.65 billion per share, with estimates ranging from $15.55 billion to $15.73 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Waste Management.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share.
WM has been the subject of several research analyst reports. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. UBS upgraded Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price on shares of Waste Management in a research note on Thursday, January 4th. Raymond James Financial upgraded Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research note on Friday, February 16th. Finally, Macquarie upgraded Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $90.44.
In other news, SVP Nikolaj H. Sjoqvist sold 307 shares of the stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $84.76, for a total value of $26,021.32. Following the completion of the sale, the senior vice president now owns 18,756 shares in the company, valued at $1,589,758.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Patrick W. Gross sold 387 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the sale, the director now owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,598 shares of company stock valued at $9,180,855. Insiders own 0.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oakworth Capital Inc. boosted its holdings in Waste Management by 20.3% in the fourth quarter. Oakworth Capital Inc. now owns 3,796 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 641 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in Waste Management by 7.1% during the 4th quarter. Sowell Financial Services LLC now owns 9,653 shares of the business services provider’s stock worth $849,000 after buying an additional 644 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Waste Management by 12.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 6,338 shares of the business services provider’s stock worth $518,000 after buying an additional 690 shares during the last quarter. Cognios Capital LLC lifted its holdings in Waste Management by 3.0% during the 4th quarter. Cognios Capital LLC now owns 23,928 shares of the business services provider’s stock worth $2,063,000 after buying an additional 696 shares during the last quarter. Finally, FTB Advisors Inc. lifted its holdings in Waste Management by 44.2% during the 4th quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock worth $197,000 after buying an additional 700 shares during the last quarter. 76.72% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:WM opened at $83.38 on Tuesday. The stock has a market cap of $36,025.29, a price-to-earnings ratio of 25.89, a PEG ratio of 1.89 and a beta of 0.70. The company has a quick ratio of 0.77, a current ratio of 0.80 and a debt-to-equity ratio of 1.45. Waste Management has a 12 month low of $70.08 and a 12 month high of $89.73.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were paid a $0.465 dividend. The ex-dividend date was Thursday, March 8th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Waste Management’s previous quarterly dividend of $0.43. Waste Management’s dividend payout ratio (DPR) is 57.76%.
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Waste Management Company Profile
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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