FY2026 EPS Estimate for Waste Management Boosted by Analyst

Key Points

• Erste Group Bank raised Waste Management’s FY2026 EPS estimate slightly to $8.13 from $8.12, matching the consensus forecast, and projected FY2027 EPS of $9.06.
• Waste Management exceeded quarterly earnings expectations, reporting EPS of $2.02 versus the $1.98 consensus, while revenue reached $6.68 billion and increased 4% year over year.
• Analysts maintain a generally positive view, with 13 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $258.89; the company also declared a quarterly dividend of $0.945 per share.

Waste Management, Inc. (NYSE:WM - Free Report) - Stock analysts at Erste Group Bank raised their FY2026 EPS estimates for shares of Waste Management in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now anticipates that the business services provider will earn $8.13 per share for the year, up from their prior estimate of $8.12. The consensus estimate for Waste Management's current full-year earnings is $8.13 per share. Erste Group Bank also issued estimates for Waste Management's FY2027 earnings at $9.06 EPS.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion during the quarter, compared to analysts' expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. Waste Management's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share.

Several other equities analysts have also issued reports on the company. Wolfe Research initiated coverage on Waste Management in a research note on Tuesday, September 15th. They issued a "peer perform" rating on the stock. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. UBS Group raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Citigroup upped their price objective on shares of Waste Management from $263.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Weiss Ratings raised shares of Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, September 16th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.89.

Waste Management Stock Performance

Shares of WM opened at $207.11 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The firm's fifty day simple moving average is $225.06 and its two-hundred day simple moving average is $225.58. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13. The stock has a market capitalization of $82.78 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.66 and a beta of 0.42.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.945 per share. The ex-dividend date is Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.8%. Waste Management's dividend payout ratio (DPR) is presently 53.54%.

Insider Activity at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the transaction, the chief accounting officer owned 3,509 shares in the company, valued at approximately $771,629.10. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Waste Management

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Waste Management during the fourth quarter worth about $1,022,916,000. Morgan Stanley Institutional Investment Advisors LLC purchased a new stake in shares of Waste Management in the 2nd quarter valued at $322,479,000. Corient Private Wealth LLC lifted its stake in Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider's stock worth $236,387,000 after purchasing an additional 792,037 shares during the last quarter. Diamant Asset Management Inc. lifted its stake in shares of Waste Management by 23,051.5% in the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider's stock valued at $17,716,000 after acquiring an additional 767,615 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Waste Management in the second quarter worth approximately $146,053,000. Hedge funds and other institutional investors own 80.40% of the company's stock.

Waste Management Company Profile

WM, Inc, formerly known as Waste Management, Inc, is an environmental services company that provides waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and municipal customers, helping manage everyday refuse as well as certain specialized waste streams.

Its operations include curbside and commercial waste collection, transfer stations, recycling facilities, landfills and waste-related energy services. WM also develops renewable natural gas and electricity projects that capture landfill gas for use as an energy source.

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