Waste Management (WM) Given Media Sentiment Rating of 0.20
Media headlines about Waste Management (NYSE:WM) have trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waste Management earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.8358697559697 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Waste Management (NYSE:WM) opened at $81.32 on Friday. Waste Management has a fifty-two week low of $66.40 and a fifty-two week high of $82.87. The firm has a market capitalization of $35,345.20, a P/E ratio of 26.09, a PEG ratio of 2.64 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm earned $0.84 EPS. Waste Management’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts expect that Waste Management will post 3.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, November 30th. Waste Management’s dividend payout ratio is 54.84%.
A number of brokerages recently weighed in on WM. Oppenheimer Holdings, Inc. raised their price objective on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. BMO Capital Markets raised their price objective on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group set a $90.00 price objective on Waste Management and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, KeyCorp reissued a “buy” rating and issued a $88.00 price objective on shares of Waste Management in a research note on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Waste Management currently has an average rating of “Buy” and a consensus target price of $81.81.
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Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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