Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2018, the company owned or operated 247 solid waste landfills; 5 secure hazardous waste landfills; 102 MRFs; and 314 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it offers fluorescent bulb and universal waste mail-back services through LampTracker program; portable restroom services under the Port-o-Let name; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Industry Refuse systems
Sub-IndustryEnvironmental & Facilities Services
SectorBusiness Services
Phone713-512-6200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$14.91 billion
Profitability
Miscellaneous
Employees43,700
Next Earnings Date4/19/2019 (Estimated)
OptionableOptionable
Waste Management (NYSE:WM) Frequently Asked Questions
What is Waste Management's stock symbol?
Waste Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "WM."
How often does Waste Management pay dividends? What is the dividend yield for Waste Management?
Waste Management declared a quarterly dividend on Wednesday, February 20th. Investors of record on Friday, March 8th will be paid a dividend of $0.5125 per share on Friday, March 22nd. This represents a $2.05 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Waste Management's previous quarterly dividend of $0.47. View Waste Management's Dividend History.
How will Waste Management's stock buyback program work?
Waste Management announced that its Board of Directors has initiated a share buyback program on Thursday, December 13th 2018, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Waste Management's earnings last quarter?
Waste Management, Inc. (NYSE:WM) announced its quarterly earnings data on Thursday, February, 14th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.06 by $0.07. The business services provider earned $3.84 billion during the quarter, compared to analyst estimates of $3.78 billion. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. View Waste Management's Earnings History.
When is Waste Management's next earnings date?
What guidance has Waste Management issued on next quarter's earnings?
Waste Management updated its FY19 earnings guidance on Thursday, February, 14th. The company provided EPS guidance of $4.28-4.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.45. Waste Management also updated its FY 2019 guidance to $4.28-4.38 EPS.
What price target have analysts set for WM?
6 brokers have issued 1-year target prices for Waste Management's shares. Their forecasts range from $96.00 to $108.00. On average, they expect Waste Management's stock price to reach $102.40 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for Waste Management.
What is the consensus analysts' recommendation for Waste Management?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Waste Management in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Waste Management.
Has Waste Management been receiving favorable news coverage?
Headlines about WM stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Waste Management earned a daily sentiment score of 0.2 on InfoTrie's scale. They also gave news articles about the business services provider a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the near future.
Who are some of Waste Management's key competitors?
What other stocks do shareholders of Waste Management own?
Who are Waste Management's key executives?
Waste Management's management team includes the folowing people:
- Mr. James C. Fish Jr., Pres, CEO & Director (Age 57)
- Ms. Devina A. Rankin, Sr. VP & CFO (Age 43)
- Mr. John J. Morris Jr., Exec. VP & COO (Age 49)
- Ms. Leslie K. Nagy, VP & Chief Accounting Officer (Age 45)
- Mr. Edward A. Egl, Director of Investor Relations
Who are Waste Management's major shareholders?
Waste Management's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.43%), Macquarie Group Ltd. (2.07%), Parnassus Investments CA (1.38%), Geode Capital Management LLC (1.22%), Northern Trust Corp (1.18%) and Bank of America Corp DE (1.06%). Company insiders that own Waste Management stock include Barry H Caldwell, Devina A Rankin, James C Fish Jr, Jeff M Harris, John C Pope, John J Morris, Nikolaj H Sjoqvist, Patrick W Gross, Steve Batchelor and Tara J Hmmer. View Institutional Ownership Trends for Waste Management.
Which major investors are selling Waste Management stock?
WM stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, D. E. Shaw & Co. Inc., Principal Financial Group Inc., Two Sigma Advisers LP, APG Asset Management N.V., Millennium Management LLC, Amundi Pioneer Asset Management Inc. and First Trust Advisors LP. Company insiders that have sold Waste Management company stock in the last year include Barry H Caldwell, Devina A Rankin, Jeff M Harris, John J Morris, Nikolaj H Sjoqvist, Patrick W Gross, Steve Batchelor and Tara J Hmmer. View Insider Buying and Selling for Waste Management.
Which major investors are buying Waste Management stock?
WM stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Bessemer Group Inc., BlackRock Inc., California Public Employees Retirement System, Hexavest Inc., FMR LLC and Eaton Vance Management. View Insider Buying and Selling for Waste Management.
How do I buy shares of Waste Management?
Shares of WM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Waste Management's stock price today?
One share of WM stock can currently be purchased for approximately $101.90.
How big of a company is Waste Management?
Waste Management has a market capitalization of $43.45 billion and generates $14.91 billion in revenue each year. The business services provider earns $1.93 billion in net income (profit) each year or $4.20 on an earnings per share basis. Waste Management employs 43,700 workers across the globe.
What is Waste Management's official website?
How can I contact Waste Management?
Waste Management's mailing address is 1001 FANNIN STREET, HOUSTON TX, 77002. The business services provider can be reached via phone at 713-512-6200 or via email at [email protected]
MarketBeat Community Rating for Waste Management (NYSE WM)
MarketBeat's community ratings are surveys of what our community members think about Waste Management and other stocks. Vote "Outperform" if you believe WM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WM will underperform the S&P 500 over the long term. You may vote once every thirty days.
