Waste Management (NYSE:WM) is set to announce its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Waste Management has set its FY18 guidance at $3.97-4.05 EPS.
Waste Management (NYSE:WM) last issued its earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect Waste Management to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Waste Management stock opened at $83.38 on Tuesday. 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 has a 52-week low of $70.08 and a 52-week high of $89.73. The company has a market capitalization of $36,025.29, a PE ratio of 25.89, a PEG ratio of 1.89 and a beta of 0.70.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a $0.465 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, March 8th. This represents a $1.86 annualized dividend and a dividend yield of 2.23%. Waste Management’s dividend payout ratio (DPR) is currently 57.76%.
Several research analysts have recently issued reports on WM shares. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, December 26th. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $100.00 price target on shares of Waste Management in a research note on Thursday, January 4th. UBS raised Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Finally, Raymond James Financial raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $90.44.
In related news, SVP Barry H. Caldwell sold 1,840 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $84.10, for a total value of $154,744.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick W. Gross sold 387 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was 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 directly 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. Insiders sold 106,598 shares of company stock valued at $9,180,855 in the last ninety days. 0.30% of the stock is currently owned by insiders.
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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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