Wall Street analysts expect Waste Management, Inc. (NYSE:WM) to post earnings per share of $1.02 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Waste Management’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.04. Waste Management posted earnings of $0.81 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 25.9%. The company is scheduled to announce its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Waste Management will report full year earnings of $4.02 per share for the current year, with EPS estimates ranging from $3.96 to $4.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.38 per share, with EPS estimates ranging from $4.35 to $4.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Waste Management.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Friday, April 20th. The business services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Waste Management had a return on equity of 26.73% and a net margin of 14.06%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.
A number of analysts have recently weighed in on WM shares. BMO Capital Markets cut their target price on Waste Management from $97.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 20th. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Finally, UBS Group started coverage on Waste Management in a research report on Wednesday, March 14th. They set a “neutral” rating and a $93.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $90.89.
In other Waste Management news, SVP Barry H. Caldwell sold 10,844 shares of the company’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $84.00, for a total value of $910,896.00. Following the completion of the transaction, the senior vice president now owns 31,447 shares of the company’s stock, valued at approximately $2,641,548. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Nikolaj H. Sjoqvist sold 307 shares of the company’s 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 transaction, the senior vice president now directly owns 18,756 shares of the company’s stock, valued at approximately $1,589,758.56. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WM. Schroder Investment Management Group increased its holdings in Waste Management by 6.9% in the 4th quarter. Schroder Investment Management Group now owns 112,209 shares of the business services provider’s stock worth $9,684,000 after purchasing an additional 7,256 shares in the last quarter. Wedbush Securities Inc. acquired a new position in Waste Management in the 4th quarter worth about $203,000. TCW Group Inc. acquired a new position in Waste Management in the 4th quarter worth about $1,369,000. American International Group Inc. increased its holdings in Waste Management by 41.8% in the 4th quarter. American International Group Inc. now owns 171,139 shares of the business services provider’s stock worth $14,769,000 after purchasing an additional 50,437 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Waste Management by 144.5% in the 4th quarter. State of Tennessee Treasury Department now owns 270,439 shares of the business services provider’s stock worth $23,340,000 after purchasing an additional 159,841 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE WM opened at $81.70 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.47. Waste Management has a one year low of $72.58 and a one year high of $89.73. The firm has a market capitalization of $35.31 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.68 and a beta of 0.70.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Friday, June 8th were given a dividend of $0.465 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.86 annualized dividend and a dividend yield of 2.28%. Waste Management’s dividend payout ratio is currently 57.76%.
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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