FY2018 EPS Estimates for Waste Management, Inc. (WM) Boosted by First Analysis
Waste Management, Inc. (NYSE:WM) – Analysts at First Analysis increased their FY2018 earnings per share (EPS) estimates for Waste Management in a report issued on Monday. First Analysis analyst C. Greendale now expects that the business services provider will post earnings per share of $3.45 for the year, up from their previous forecast of $3.42.
Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price target on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $88.00 price target on shares of Waste Management in a research report on Friday, October 27th. Stifel Nicolaus cut Waste Management from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $80.00 in a research report on Wednesday, October 4th. Bank of America dropped their price target on Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded Waste Management from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $81.81.
Shares of Waste Management (NYSE:WM) traded up $0.18 during mid-day trading on Wednesday, reaching $83.50. The company had a trading volume of 1,431,800 shares, compared to its average volume of 1,681,114. The firm has a market cap of $36,178.89, a PE ratio of 26.70, a PEG ratio of 2.71 and a beta of 0.75. Waste Management has a 1 year low of $68.97 and a 1 year high of $83.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.
Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AXA increased its position in Waste Management by 1.1% during the 3rd quarter. AXA now owns 455,327 shares of the business services provider’s stock worth $35,638,000 after purchasing an additional 4,837 shares during the period. Chicago Partners Investment Group LLC increased its position in Waste Management by 174.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,250 shares of the business services provider’s stock worth $802,000 after purchasing an additional 6,517 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Waste Management during the 3rd quarter worth approximately $1,099,000. Public Employees Retirement System of Ohio increased its position in Waste Management by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 323,092 shares of the business services provider’s stock worth $25,288,000 after purchasing an additional 1,035 shares during the period. Finally, Moors & Cabot Inc. boosted its stake in shares of Waste Management by 15.7% during the 3rd quarter. Moors & Cabot Inc. now owns 27,985 shares of the business services provider’s stock worth $2,189,000 after acquiring an additional 3,799 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s payout ratio is 54.84%.
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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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