Q3 2016 EPS Estimates for Waste Management Inc. (WM) Raised by First Analysis
Waste Management Inc. (NYSE:WM) – First Analysis increased their Q3 2016 earnings per share (EPS) estimates for Waste Management in a research report issued to clients and investors on Monday. First Analysis analyst C. Greendale now expects that the brokerage will earn $0.80 per share for the quarter, up from their previous forecast of $0.78. First Analysis also issued estimates for Waste Management’s Q4 2016 earnings at $0.75 EPS and FY2017 earnings at $3.08 EPS.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Waste Management had a net margin of 8.73% and a return on equity of 23.48%. The firm earned $3.43 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same period last year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis.
Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Friday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up from $70.00) on shares of Waste Management in a research report on Monday, July 18th. Argus reissued a “buy” rating and issued a $72.00 price objective on shares of Waste Management in a research report on Wednesday, August 10th. Barclays PLC lowered shares of Waste Management from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $66.00 to $70.00 in a research report on Tuesday, August 9th. Finally, KeyCorp reissued a “hold” rating on shares of Waste Management in a research report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.34.
Waste Management (NYSE:WM) opened at 64.01 on Wednesday. The company has a market capitalization of $28.31 billion, a P/E ratio of 25.01 and a beta of 0.58. Waste Management has a one year low of $48.98 and a one year high of $70.50. The company’s 50-day moving average is $64.57 and its 200 day moving average is $62.31.
Large investors have recently bought and sold shares of the stock. Hudock Capital Group LLC increased its stake in Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 1,715 shares of the company’s stock worth $113,000 after buying an additional 11 shares during the last quarter. Financial Architects Inc increased its stake in Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock worth $132,000 after buying an additional 16 shares during the last quarter. Davis R M Inc. increased its stake in Waste Management by 0.3% in the second quarter. Davis R M Inc. now owns 6,118 shares of the company’s stock worth $405,000 after buying an additional 18 shares during the last quarter. Alexandria Capital LLC increased its stake in Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock worth $105,000 after buying an additional 41 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its stake in Waste Management by 1.2% in the second quarter. Lodestar Investment Counsel LLC IL now owns 4,350 shares of the company’s stock worth $288,000 after buying an additional 50 shares during the last quarter. Institutional investors own 75.21% of the company’s stock.
In other news, SVP John J. Morris sold 12,738 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $66.75, for a total value of $850,261.50. Following the sale, the senior vice president now directly owns 29,696 shares in the company, valued at approximately $1,982,208. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank M. Clark sold 449 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $67.21, for a total transaction of $30,177.29. Following the completion of the sale, the director now owns 29,084 shares in the company, valued at $1,954,735.64. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.64 dividend on an annualized basis and a yield of 2.56%. Waste Management’s payout ratio is 63.81%.
Waste Management Company Profile
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
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