Waste Management, Inc. (NYSE:WM - Free Report) - Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Waste Management in a research report issued to clients and investors on Monday, May 13th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $1.80 per share for the quarter, down from their prior forecast of $1.85. The consensus estimate for Waste Management's current full-year earnings is $7.29 per share.
A number of other equities research analysts have also recently weighed in on the company. Raymond James increased their price target on Waste Management from $219.00 to $229.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. CIBC raised their target price on shares of Waste Management from $207.00 to $220.00 and gave the stock a "neutral" rating in a research note on Monday, April 29th. BMO Capital Markets upped their price target on shares of Waste Management from $207.00 to $212.00 and gave the company a "market perform" rating in a research note on Friday, April 26th. TD Cowen boosted their price objective on Waste Management from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, April 29th. Finally, StockNews.com upgraded Waste Management from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target of $216.24.
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Waste Management Stock Performance
NYSE WM traded down $0.86 during trading on Wednesday, reaching $209.00. 1,789,276 shares of the company's stock were exchanged, compared to its average volume of 1,663,742. Waste Management has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock has a market capitalization of $83.83 billion, a P/E ratio of 34.21, a PEG ratio of 2.74 and a beta of 0.72. The business has a 50 day moving average price of $209.44 and a 200-day moving average price of $191.59. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.89 and a quick ratio of 0.85.
Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 EPS.
Waste Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management's dividend payout ratio is 49.10%.
Insider Activity at Waste Management
In related news, EVP John J. Morris sold 8,889 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $207.46, for a total transaction of $1,844,111.94. Following the sale, the executive vice president now owns 95,461 shares in the company, valued at approximately $19,804,339.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Tara J. Hemmer sold 1,782 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the sale, the senior vice president now directly owns 55,591 shares in the company, valued at $11,353,349.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Morris sold 8,889 shares of Waste Management stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $207.46, for a total value of $1,844,111.94. Following the transaction, the executive vice president now directly owns 95,461 shares in the company, valued at $19,804,339.06. The disclosure for this sale can be found here. Insiders sold a total of 13,282 shares of company stock valued at $2,754,889 in the last quarter. Insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On Waste Management
Several large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Waste Management in the 4th quarter valued at $784,486,000. Sustainable Growth Advisers LP bought a new position in shares of Waste Management during the 1st quarter worth about $300,594,000. Capital World Investors grew its stake in shares of Waste Management by 44.6% in the 1st quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock valued at $900,957,000 after buying an additional 1,303,466 shares during the period. abrdn plc raised its stake in Waste Management by 315.7% during the 3rd quarter. abrdn plc now owns 1,457,393 shares of the business services provider's stock worth $222,165,000 after buying an additional 1,106,773 shares during the period. Finally, Mirova US LLC grew its stake in Waste Management by 26,116.4% in the fourth quarter. Mirova US LLC now owns 913,904 shares of the business services provider's stock valued at $163,680,000 after acquiring an additional 910,418 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.
About Waste Management
(
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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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