Waste Management (WM) Set to Announce Earnings on Wednesday

Waste Management (NYSE:WMGet Rating) will release its earnings data before the market opens on Wednesday, February 1st. Analysts expect Waste Management to post earnings of $1.42 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Waste Management (NYSE:WMGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The business services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.06. Waste Management had a return on equity of 32.48% and a net margin of 11.55%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts expect Waste Management to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Waste Management Trading Down 0.3 %

NYSE WM opened at $152.27 on Wednesday. The business’s 50-day moving average price is $160.00 and its two-hundred day moving average price is $162.35. Waste Management has a 12 month low of $134.20 and a 12 month high of $175.98. The firm has a market capitalization of $62.50 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.96 and a beta of 0.73. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.97.

Waste Management announced that its board has approved a share repurchase plan on Thursday, December 8th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.71%. Waste Management’s dividend payout ratio (DPR) is presently 48.33%.

Wall Street Analyst Weigh In

WM has been the topic of several research analyst reports. Morgan Stanley cut their target price on Waste Management from $180.00 to $177.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 27th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and cut their target price for the company from $185.00 to $171.00 in a research report on Monday, December 19th. StockNews.com lowered Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 15th. Oppenheimer cut their target price on Waste Management to $169.00 in a research report on Thursday, October 20th. Finally, Citigroup initiated coverage on Waste Management in a report on Friday, January 6th. They issued a “buy” rating and a $183.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $171.36.

Insider Transactions at Waste Management

In other news, Director John C. Pope sold 218 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $154.76, for a total value of $33,737.68. Following the completion of the sale, the director now directly owns 55,809 shares of the company’s stock, valued at $8,637,000.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

Institutional investors and hedge funds have recently modified their holdings of the stock. Worth Asset Management LLC purchased a new stake in shares of Waste Management in the first quarter worth approximately $58,000. Chiron Investment Management LLC purchased a new stake in shares of Waste Management during the first quarter valued at approximately $68,000. Covestor Ltd increased its position in shares of Waste Management by 83.8% during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 310 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of Waste Management by 9.7% during the first quarter. Carolinas Wealth Consulting LLC now owns 1,207 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 107 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Waste Management during the first quarter valued at approximately $200,000. 78.48% of the stock is owned by hedge funds and other institutional investors.

Waste Management Company Profile

(Get Rating)

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers 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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Earnings History for Waste Management (NYSE:WM)

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