What is Erste Group Bank's Estimate for WM FY2026 Earnings?

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for Waste Management to $8.12, down from $8.14 and slightly below the $8.13 consensus forecast.
• Waste Management’s latest quarterly results exceeded expectations, with EPS of $2.02 versus the $1.98 consensus, while revenue rose 4.0% year over year to $6.68 billion.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus rating 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 lowered their FY2026 earnings per share estimates for Waste Management in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the business services provider will earn $8.12 per share for the year, down from their prior forecast of $8.14. The consensus estimate for Waste Management's current full-year earnings is $8.13 per share.

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

Several other research firms have also commented on WM. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada increased their target price on shares of Waste Management from $240.00 to $244.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Citigroup lifted their price target on Waste Management from $263.00 to $269.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Weiss Ratings cut Waste Management from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 25th. Finally, Stifel Nicolaus increased their price target on Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $258.89.

Waste Management Trading Up 0.1%

Waste Management stock opened at $219.88 on Monday. The firm has a market cap of $87.89 billion, a PE ratio of 31.14, a P/E/G ratio of 2.77 and a beta of 0.44. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13. The stock's 50 day simple moving average is $228.60 and its two-hundred day simple moving average is $227.59. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management's payout ratio is presently 53.54%.

Institutional Investors Weigh In On Waste Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Sprott Inc. acquired a new position in shares of Waste Management in the 1st quarter valued at $325,000. Sei Investments Co. grew its holdings in shares of Waste Management by 8.0% during the 2nd quarter. Sei Investments Co. now owns 272,438 shares of the business services provider's stock worth $62,339,000 after purchasing an additional 20,122 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Waste Management by 68.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider's stock worth $83,843,000 after purchasing an additional 148,590 shares during the last quarter. Finally, Glenview Trust co raised its holdings in Waste Management by 5.1% in the 2nd quarter. Glenview Trust co now owns 3,338 shares of the business services provider's stock valued at $764,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 80.40% of the company's stock.

Waste Management Company Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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