Waste Management (NYSE:WM) Issues Earnings Results, Beats Estimates By $0.04 EPS

Waste Management (NYSE:WM) announced its quarterly earnings results on Tuesday. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04, Zacks reports. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. Waste Management’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS.

Waste Management Stock Performance

NYSE:WM opened at $239.54 on Wednesday. The stock has a 50-day moving average price of $224.83 and a 200 day moving average price of $227.43. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management has a 12-month low of $194.11 and a 12-month high of $248.13. The stock has a market capitalization of $96.20 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.89 and a beta of 0.44.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.945 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WM shares. Scotiabank upped their price objective on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Robert W. Baird upped their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce upgraded shares of Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a research note on Tuesday, July 7th. Finally, Barclays raised their target price on Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $256.74.

Waste Management News Roundup

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Adjusted earnings exceeded expectations. WM reported second-quarter adjusted earnings of $2.02 per share, above analyst estimates of approximately $1.98–$1.99 and up from $1.92 a year earlier. The result indicates continued earnings growth and likely supported the stock. Waste Management Q2 Earnings Surpass Estimates
• Positive Sentiment: Business remained on a growth trajectory. Second-quarter revenue rose 4.0% year over year to $6.684 billion, while operating results and profitability improved from the prior-year period. Brokerages’ consensus price target of $256.74 also remains above the stock’s recent trading level, suggesting potential upside. Waste Management Receives Consensus Target Price
• Neutral Sentiment: Revenue was essentially in line but guidance was slightly conservative. Quarterly sales narrowly missed the $6.71 billion consensus estimate. WM forecast full-year revenue of $26.3 billion to $26.5 billion, with the midpoint about 0.6% below Wall Street expectations, limiting the positive impact of the earnings beat. Waste Management Posts Q2 Sales in Line With Estimates
• Negative Sentiment: One analyst trimmed its earnings forecast. Erste Group Bank lowered its FY2026 EPS estimate to $8.15 from $8.16, slightly below the $8.16 consensus. The minimal reduction signals limited near-term concern but is a modest headwind for sentiment. Waste Management Analyst Estimate Update

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Waste Management by 51.1% in the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Triumph Capital Management boosted its position in shares of Waste Management by 33.1% during the 4th quarter. Triumph Capital Management now owns 523 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 130 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Waste Management in the third quarter valued at $108,000. Greenline Wealth Management LLC bought a new stake in Waste Management in the fourth quarter worth $101,000. Finally, Quarry LP raised its stake in Waste Management by 64.0% during the fourth quarter. Quarry LP now owns 323 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.