Equities Analysts Issue Forecasts for WM FY2026 Earnings

Waste Management, Inc. (NYSE:WM) – Equities research analysts at Erste Group Bank issued their FY2026 earnings per share (EPS) estimates for Waste Management in a research note issued to investors on Friday, May 15th. Erste Group Bank analyst H. Engel expects that the business services provider will post earnings of $8.17 per share for the year. The consensus estimate for Waste Management’s current full-year earnings is $8.15 per share.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share.

Other research analysts have also recently issued research reports about the company. Oppenheimer boosted their price objective on Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Stifel Nicolaus boosted their price objective on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Scotiabank reissued a “sector perform” rating and issued a $250.00 price objective (down from $254.00) on shares of Waste Management in a research report on Wednesday, January 21st. TD Cowen boosted their price objective on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird boosted their price objective on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.67.

Waste Management Stock Up 1.3%

Shares of NYSE:WM opened at $222.78 on Tuesday. The stock has a market cap of $89.46 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 2.30 and a beta of 0.49. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management has a 12-month low of $194.11 and a 12-month high of $248.13. The business’s 50 day moving average is $228.75 and its 200 day moving average is $223.12.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio is currently 54.70%.

Insider Transactions at Waste Management

In other news, SVP Johnson Varkey sold 617 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $244.13, for a total transaction of $150,628.21. Following the transaction, the senior vice president owned 9,607 shares of the company’s stock, valued at $2,345,356.91. This represents a 6.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael J. Watson sold 17,251 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $241.81, for a total value of $4,171,464.31. Following the transaction, the vice president directly owned 44,146 shares in the company, valued at $10,674,944.26. This represents a 28.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 35,296 shares of company stock worth $8,569,283 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Waste Management

A number of large investors have recently modified their holdings of WM. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC boosted its position in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 67 shares during the period. RHL Group LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC boosted its position in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares during the period. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management in the fourth quarter valued at approximately $29,000. 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.