Waste Management (WM) to Release Earnings on Wednesday

Waste Management (NYSE:WM) is expected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.79 per share and revenue of $5,903,195.78 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Waste Management (NYSE:WM) last issued its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. On average, analysts expect Waste Management to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Waste Management Stock Up 1.9 %

Shares of WM stock opened at $213.46 on Tuesday. Waste Management has a fifty-two week low of $184.72 and a fifty-two week high of $230.39. The firm has a market capitalization of $85.67 billion, a PE ratio of 32.64, a P/E/G ratio of 2.17 and a beta of 0.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock’s 50-day simple moving average is $212.64 and its 200-day simple moving average is $211.28.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. Waste Management’s payout ratio is currently 45.87%.

Analyst Ratings Changes

A number of research firms recently issued reports on WM. Truist Financial lifted their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price target on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $231.39.

Insider Activity at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.