Somewhat Positive Press Coverage Somewhat Unlikely to Impact Waste Management (WM) Stock Price
Media headlines about Waste Management (NYSE:WM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Waste Management earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.3075490736985 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research analysts have weighed in on the company. KeyCorp lifted their target price on Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. BMO Capital Markets lifted their target price on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. lifted their target price on Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $80.00 in a report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $81.81.
Shares of Waste Management (NYSE WM) traded down $0.05 during trading on Wednesday, hitting $80.87. The stock had a trading volume of 1,371,700 shares, compared to its average volume of 1,671,928. The company has a market capitalization of $34,850.00, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.63 and a beta of 0.76. Waste Management has a 12 month low of $68.84 and a 12 month high of $82.87. 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 issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. analysts expect that Waste Management will post 3.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.10%. Waste Management’s dividend payout ratio (DPR) is 54.66%.
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About Waste Management
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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