WM Q2 EPS Estimate Increased by National Bank Financial

Waste Management, Inc. (NYSE:WM - Free Report) - Stock analysts at National Bank Financial boosted their Q2 2025 earnings per share (EPS) estimates for shares of Waste Management in a note issued to investors on Wednesday, July 9th. National Bank Financial analyst M. Doumet now anticipates that the business services provider will post earnings per share of $1.89 for the quarter, up from their prior estimate of $1.88. 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.

WM has been the topic of a number of other research reports. Seaport Res Ptn raised Waste Management to a "hold" rating in a research note on Tuesday, May 6th. Melius Research raised Waste Management to a "strong-buy" rating and set a $263.00 target price on the stock in a research note on Monday, June 9th. Oppenheimer increased their target price on Waste Management from $255.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. BMO Capital Markets increased their target price on Waste Management from $241.00 to $245.00 and gave the company a "market perform" rating in a research note on Wednesday, June 25th. Finally, CIBC raised their price objective on Waste Management from $244.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and an average target price of $251.29.

Waste Management Trading Up 0.1%

Shares of WM stock opened at $225.90 on Monday. The company's fifty day simple moving average is $232.28 and its two-hundred day simple moving average is $225.87. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. Waste Management has a 1 year low of $196.59 and a 1 year high of $242.58. The stock has a market capitalization of $90.90 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.99 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. The company had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.14 billion. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. Waste Management's revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio (DPR) is presently 49.77%.

Insider Buying and Selling

In related news, SVP Rafael Carrasco sold 674 shares of the business's stock in a transaction that occurred 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 approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer directly owned 83,934 shares of the company's stock, valued at approximately $19,922,574.24. This trade represents a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Waste Management

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised 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 valued at $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Waste Management by 14.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock valued at $25,193,000 after purchasing an additional 15,974 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Waste Management during the fourth quarter valued at $295,000. LBP AM SA purchased a new stake in Waste Management during the fourth quarter valued at $1,987,000. Finally, Choate Investment Advisors raised its stake in Waste Management by 25.6% during the fourth quarter. Choate Investment Advisors now owns 6,957 shares of the business services provider's stock valued at $1,404,000 after purchasing an additional 1,420 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

About Waste Management

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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