Waste Management, Inc. (NYSE:WM - Free Report) - Equities research analysts at National Bank Financial cut their FY2026 earnings estimates for Waste Management in a research report issued to clients and investors on Tuesday, July 29th. National Bank Financial analyst M. Doumet now anticipates that the business services provider will earn $8.76 per share for the year, down from their previous forecast of $8.77. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Waste Management's current full-year earnings is $7.70 per share.
Several other equities analysts also recently commented on the company. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. HSBC upgraded Waste Management from a "hold" rating to a "buy" rating and increased their price target for the company from $210.00 to $265.00 in a report on Friday, April 25th. JPMorgan Chase & Co. upgraded Waste Management from a "neutral" rating to an "overweight" rating and increased their price target for the company from $225.00 to $277.00 in a report on Friday, May 23rd. Robert W. Baird increased their price target on Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Finally, Citigroup increased their price target on Waste Management from $260.00 to $271.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $254.35.
Read Our Latest Report on WM
Waste Management Trading Down 1.5%
NYSE:WM opened at $228.93 on Friday. The stock's 50 day moving average price is $231.65 and its 200 day moving average price is $227.97. Waste Management has a 52 week low of $199.69 and a 52 week high of $242.58. The company has a market capitalization of $92.12 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.83 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.79 and a current ratio of 0.86.
Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The business's quarterly revenue was up 19.0% on a year-over-year basis.
Institutional Investors Weigh In On Waste Management
A number of hedge funds have recently added to or reduced their stakes in WM. Brighton Jones LLC boosted its position in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after purchasing an additional 2,320 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Waste Management by 41.7% in the first quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock worth $183,000 after purchasing an additional 232 shares during the last quarter. Calamos Advisors LLC boosted its position in Waste Management by 2.8% in the first quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock worth $65,633,000 after purchasing an additional 7,751 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Waste Management by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after purchasing an additional 24,023 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Waste Management by 13.1% in the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after purchasing an additional 958 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.
Insider Buying and Selling at Waste Management
In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the transaction, the chief financial officer directly owned 83,934 shares in the company, valued at approximately $19,922,574.24. This trade represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rafael Carrasco sold 674 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president owned 16,542 shares of the company's stock, valued at $3,917,311.02. This trade represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Waste Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio is currently 48.96%.
Waste Management Company Profile
(
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Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.
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