Waste Management, Inc. (NYSE:WM) – Research analysts at First Analysis lifted their FY2018 earnings per share (EPS) estimates for Waste Management in a research note issued on Monday, November 5th. First Analysis analyst C. Greendale now expects that the business services provider will post earnings of $4.15 per share for the year, up from their previous forecast of $4.10. First Analysis also issued estimates for Waste Management’s Q4 2018 earnings at $1.08 EPS, Q1 2019 earnings at $0.93 EPS, Q2 2019 earnings at $1.09 EPS and FY2019 earnings at $4.48 EPS.
Waste Management (NYSE:WM) last released its earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.04. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion.
Other equities research analysts also recently issued reports about the company. ValuEngine raised Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Friday, October 19th. Raymond James reaffirmed a “buy” rating on shares of Waste Management in a report on Monday, October 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $93.00 price objective on shares of Waste Management in a report on Thursday, July 26th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $95.00 price objective on shares of Waste Management in a report on Thursday, October 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Waste Management has a consensus rating of “Buy” and an average target price of $95.50.
WM stock opened at $87.83 on Tuesday. Waste Management has a twelve month low of $78.33 and a twelve month high of $92.85. The stock has a market cap of $37.09 billion, a P/E ratio of 27.28, a PEG ratio of 1.77 and a beta of 0.64. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WM. DnB Asset Management AS acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $4,302,000. Clinton Group Inc. acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $268,000. IFM Investors Pty Ltd boosted its holdings in shares of Waste Management by 39.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 19,333 shares of the business services provider’s stock worth $1,573,000 after acquiring an additional 5,464 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Waste Management by 18.4% in the 2nd quarter. CENTRAL TRUST Co now owns 23,013 shares of the business services provider’s stock worth $1,872,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC acquired a new position in shares of Waste Management in the 2nd quarter worth approximately $607,000. 75.27% of the stock is currently owned by institutional investors.
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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