Waste Management (WM) to Release Earnings on Wednesday

Waste Management (NYSE:WM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.51 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.21. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same quarter last year, the business posted $1.30 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 Trading Down 0.2 %

Waste Management stock opened at $204.96 on Wednesday. The stock has a market cap of $82.25 billion, a PE ratio of 36.21, a P/E/G ratio of 3.12 and a beta of 0.72. The stock has a 50-day moving average price of $206.30 and a 200 day moving average price of $184.27. Waste Management has a 52 week low of $149.71 and a 52 week high of $214.54. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 2.30.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s dividend payout ratio (DPR) is currently 53.00%.

Insider Activity

In other Waste Management news, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total transaction of $65,326.24. Following the sale, the vice president now directly owns 5,522 shares in the company, valued at approximately $1,096,448.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Christopher P. Desantis sold 346 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total value of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares in the company, valued at approximately $1,640,641.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares of the company’s stock, valued at $1,096,448.32. The disclosure for this sale can be found here. Insiders have sold 20,507 shares of company stock valued at $4,157,770 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WM. Moneta Group Investment Advisors LLC lifted its holdings in shares of Waste Management by 110,208.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,778,550 shares of the business services provider’s stock valued at $749,659,000 after buying an additional 4,774,218 shares during the period. Norges Bank acquired a new stake in shares of Waste Management in the fourth quarter valued at $658,370,000. Goldman Sachs Group Inc. boosted its position in shares of Waste Management by 153.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,694,489 shares of the business services provider’s stock valued at $640,698,000 after purchasing an additional 2,236,280 shares during the period. Morgan Stanley boosted its position in shares of Waste Management by 30.4% in the 4th quarter. Morgan Stanley now owns 7,370,481 shares of the business services provider’s stock valued at $1,156,281,000 after purchasing an additional 1,718,449 shares during the period. Finally, Imprint Wealth LLC boosted its position in shares of Waste Management by 17,627.7% in the 2nd quarter. Imprint Wealth LLC now owns 1,401,200 shares of the business services provider’s stock valued at $140,120,000 after purchasing an additional 1,393,296 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WM. Jefferies Financial Group lifted their price objective on Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Oppenheimer lifted their price target on Waste Management from $188.00 to $212.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Truist Financial lifted their price target on Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, UBS Group cut Waste Management from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

About Waste Management

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.