William Blair Issues Optimistic Outlook for WM Earnings

Waste Management, Inc. (NYSE:WM) – Equities researchers at William Blair lifted their Q3 2025 EPS estimates for Waste Management in a research report issued on Wednesday, June 25th. William Blair analyst T. Romeo now forecasts that the business services provider will post earnings of $2.17 per share for the quarter, up from their prior forecast of $2.13. William Blair has a “Outperform” rating on the stock. The consensus estimate for Waste Management’s current full-year earnings is $7.70 per share. William Blair also issued estimates for Waste Management’s Q1 2026 earnings at $1.84 EPS, Q3 2026 earnings at $2.48 EPS, FY2026 earnings at $8.83 EPS and FY2027 earnings at $9.64 EPS.

Other equities research analysts have also recently issued reports about the stock. Melius Research raised shares of Waste Management to a “strong-buy” rating and set a $263.00 target price for the company in a report on Monday, June 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday. HSBC raised shares of Waste Management from a “hold” rating to a “buy” rating and upped their target price for the company from $210.00 to $265.00 in a report on Friday, April 25th. Hsbc Global Res raised shares of Waste Management from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Waste Management to a “hold” rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $250.71.

Waste Management Price Performance

Shares of NYSE:WM opened at $226.86 on Thursday. The company has a 50-day simple moving average of $233.08 and a 200-day simple moving average of $224.30. Waste Management has a one year low of $196.59 and a one year high of $242.58. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.79 and a current ratio of 0.83. The stock has a market capitalization of $91.29 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 3.02 and a beta of 0.66.

Waste Management (NYSE:WM) last announced its earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 annualized dividend and a dividend yield of 1.45%. Waste Management’s dividend payout ratio is presently 49.77%.

Insider Activity

In related news, SVP Rafael Carrasco sold 674 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total transaction of $159,609.94. Following the transaction, the senior vice president now directly owns 16,542 shares in the company, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the sale, the chief financial officer now owns 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

Large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its position 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 valued at $1,384,000 after buying an additional 2,320 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Waste Management by 14.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider’s stock valued at $25,193,000 after purchasing an additional 15,974 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Waste Management in the 4th quarter valued at about $1,605,000. IFP Advisors Inc raised its stake in shares of Waste Management by 16.6% in the 4th quarter. IFP Advisors Inc now owns 9,542 shares of the business services provider’s stock valued at $1,925,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Waste Management by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,961,563 shares of the business services provider’s stock valued at $597,614,000 after purchasing an additional 157,082 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

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.