Q3 EPS Estimates for WM Increased by National Bank Financial

Key Points

• Analysts at National Bank Financial have raised their Q3 2025 EPS forecast for Waste Management to $2.12 per share, up from the previous estimate of $2.09.
• Waste Management reported earnings of $1.92 per share for the last quarter, exceeding analyst estimates of $1.89 and demonstrating a 19.0% year-over-year revenue growth.
• The stock recently received upgrades from multiple research firms, including HSBC, which raised its price target from $210.00 to $265.00, reflecting a bullish outlook on Waste Management's performance.

Waste Management, Inc. (NYSE:WM - Free Report) - Equities research analysts at National Bank Financial upped their Q3 2025 earnings estimates for shares of 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 post earnings of $2.12 per share for the quarter, up from their prior forecast of $2.09. 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. National Bank Financial also issued estimates for Waste Management's FY2025 earnings at $7.65 EPS.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, topping 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 previous year, the business earned $1.82 EPS. The firm's revenue for the quarter was up 19.0% on a year-over-year basis.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Waste Management from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. BMO Capital Markets lifted their target price on shares of Waste Management from $245.00 to $248.00 and gave the stock a "market perform" rating in a research report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research report on Tuesday. Scotiabank lifted their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Finally, Hsbc Global Res raised shares of Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.35.

Waste Management Stock Down 0.1%

NYSE WM traded down $0.27 during mid-day trading on Thursday, reaching $228.89. The stock had a trading volume of 1,389,422 shares, compared to its average volume of 1,601,932. Waste Management has a 1 year low of $199.69 and a 1 year high of $242.58. The stock has a market cap of $92.11 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company has a fifty day moving average price of $231.49 and a 200 day moving average price of $228.12. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.79.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.4%. Waste Management's payout ratio is presently 48.96%.

Insiders Place Their Bets

In related news, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were 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 owned 83,934 shares of the company's stock, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Rafael Carrasco sold 674 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the transaction, the senior vice president directly owned 16,542 shares of the company's stock, valued at $3,917,311.02. This 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WM. Geode Capital Management LLC lifted its stake in Waste Management by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 8,210,371 shares of the business services provider's stock worth $1,654,173,000 after purchasing an additional 64,260 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Waste Management by 30.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,316,443 shares of the business services provider's stock worth $1,233,240,000 after purchasing an additional 1,239,996 shares in the last quarter. Northern Trust Corp lifted its stake in Waste Management by 1.8% in the 1st quarter. Northern Trust Corp now owns 4,067,680 shares of the business services provider's stock worth $941,709,000 after purchasing an additional 70,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Waste Management by 26.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,343,267 shares of the business services provider's stock worth $774,000,000 after purchasing an additional 709,557 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Waste Management by 7.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,633,710 shares of the business services provider's stock worth $531,456,000 after purchasing an additional 177,398 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

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.