Waste Management (WM) Set to Announce Quarterly Earnings on Monday

Waste Management (NYSE:WM) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect Waste Management to post earnings of $1.86 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the firm earned $1.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. 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 Down 1.0 %

Waste Management stock opened at $206.80 on Friday. Waste Management has a twelve month low of $160.90 and a twelve month high of $225.00. The firm has a 50 day moving average price of $208.74 and a 200-day moving average price of $208.54. The company has a market capitalization of $82.99 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio is currently 47.69%.

Analyst Ratings Changes

Several research analysts recently commented on WM shares. Oppenheimer cut their price objective on shares of Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Royal Bank of Canada cut their price objective on shares of Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. CIBC cut their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Finally, William Blair assumed coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating for the company. Eleven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

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.