FY2026 EPS Estimates for WM Decreased by Erste Group Bank

Waste Management, Inc. (NYSE:WM) – Research analysts at Erste Group Bank dropped their FY2026 EPS estimates for Waste Management in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the business services provider will post earnings per share of $8.12 for the year, down from their prior forecast of $8.14. The consensus estimate for Waste Management’s current full-year earnings is $8.13 per share.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 earnings per share.

A number of other research firms also recently weighed in on WM. UBS Group raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Scotiabank upped their price objective on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Weiss Ratings cut Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Canadian Imperial Bank of Commerce downgraded Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Oppenheimer reduced their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Stock Performance

Shares of NYSE WM opened at $219.38 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The stock’s fifty day moving average price is $228.72 and its two-hundred day moving average price is $227.51. Waste Management has a one year low of $194.11 and a one year high of $248.13. The firm has a market cap of $87.69 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 2.77 and a beta of 0.44.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

Institutional Investors Weigh In On Waste Management

A number of hedge funds have recently added to or reduced their stakes in WM. Boston Common Asset Management LLC boosted its position in Waste Management by 12.9% in the second quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock worth $12,458,000 after purchasing an additional 6,391 shares during the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Waste Management during the 4th quarter valued at $10,206,000. Principal Financial Group Inc. raised its stake in shares of Waste Management by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock worth $105,776,000 after purchasing an additional 14,003 shares during the period. KBC Group NV boosted its holdings in shares of Waste Management by 16.2% in the 1st quarter. KBC Group NV now owns 409,741 shares of the business services provider’s stock worth $94,155,000 after buying an additional 57,028 shares during the last quarter. Finally, Brighton Jones LLC grew its position in Waste Management by 51.1% during the fourth 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 period. 80.40% of the stock is currently owned by institutional investors.

About Waste Management

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.