Q3 EPS Forecast for Waste Management Lowered by Analyst

Key Points

• William Blair has lowered its Q3 2025 earnings estimate for Waste Management to $2.01 per share, down from $2.17, while maintaining an "Outperform" rating on the stock.
• Other analysts have adjusted their price targets, with UBS Group raising its target from $260.00 to $265.00, indicating a mixed sentiment among analysts as the stock holds an average rating of "Moderate Buy".
• Waste Management declared a quarterly dividend of $0.825 per share, contributing to a 1.4% dividend yield and reflecting the company's strong financial health amid recent performance reports.

Waste Management, Inc. (NYSE:WM - Free Report) - Research analysts at William Blair reduced their Q3 2025 earnings estimates for shares of Waste Management in a research note issued to investors on Wednesday, July 30th. William Blair analyst T. Romeo now expects that the business services provider will earn $2.01 per share for the quarter, down from their previous forecast of $2.17. William Blair has a "Outperform" rating on the stock. The consensus estimate for Waste Management's current full-year earnings is $7.70 per share. William Blair also issued estimates for Waste Management's Q4 2025 earnings at $1.96 EPS, Q3 2026 earnings at $2.36 EPS and Q4 2026 earnings at $2.30 EPS.

Other equities analysts have also recently issued reports about the stock. UBS Group boosted their price objective on shares of Waste Management from $260.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday. Raymond James Financial boosted their price objective on shares of Waste Management from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their price objective on shares of Waste Management from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Hsbc Global Res raised shares of Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price objective on the stock in a research note on Monday, June 9th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $254.35.

Waste Management Stock Performance

Shares of WM opened at $228.93 on Friday. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.79 and a current ratio of 0.86. The stock 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's fifty day moving average is $231.65 and its two-hundred day moving average is $227.97. Waste Management has a 1 year low of $199.69 and a 1 year high of $242.58.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Waste Management's revenue for the quarter was up 19.0% on a year-over-year basis.

Institutional Trading of Waste Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its stake in Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider's stock worth $781,000 after buying an additional 44 shares during the last quarter. Ascent Group LLC boosted its stake in Waste Management by 0.6% in the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider's stock worth $1,520,000 after buying an additional 44 shares during the last quarter. Insight Wealth Strategies LLC boosted its stake in Waste Management by 0.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider's stock worth $2,698,000 after buying an additional 44 shares during the last quarter. McAdam LLC boosted its stake in Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider's stock worth $343,000 after buying an additional 44 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC boosted its stake in Waste Management by 2.0% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider's stock worth $524,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer owned 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction on 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 directly owned 16,542 shares of the company's stock, valued at $3,917,311.02. This trade represents a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid 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 of this dividend was Friday, June 6th. Waste Management's payout ratio is 48.96%.

Waste Management Company Profile

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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