FY2027 Earnings Estimate for WM Issued By Erste Group Bank

Waste Management, Inc. (NYSE:WM) – Equities researchers at Erste Group Bank issued their FY2027 EPS estimates for shares of Waste Management in a note issued to investors on Friday, May 15th. Erste Group Bank analyst H. Engel expects that the business services provider will post earnings per share of $9.23 for the year. The consensus estimate for Waste Management’s current full-year earnings is $8.15 per share.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year.

A number of other research firms have also recently commented on WM. Royal Bank Of Canada boosted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Wells Fargo & Company reduced their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen lifted their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Scotiabank reissued a “sector perform” rating and set a $250.00 target price (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given 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 price target of $255.67.

Waste Management Stock Performance

NYSE WM opened at $222.10 on Monday. The stock has a market capitalization of $89.19 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.33 and a beta of 0.49. The stock has a 50-day moving average of $228.26 and a 200 day moving average of $223.29. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management Announces Dividend

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

Insider Buying and Selling at Waste Management

In related news, SVP Tara J. Hemmer sold 4,818 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $241.83, for a total transaction of $1,165,136.94. Following the transaction, the senior vice president directly owned 78,918 shares in the company, valued at approximately $19,084,739.94. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John J. Morris sold 7,979 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $245.07, for a total transaction of $1,955,413.53. Following the completion of the transaction, the chief operating officer directly owned 98,656 shares in the company, valued at $24,177,625.92. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 35,296 shares of company stock valued at $8,569,283. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

A number of hedge funds have recently modified their holdings of WM. McIlrath & Eck LLC raised its position in shares of Waste Management by 1.3% during the 1st quarter. McIlrath & Eck LLC now owns 13,908 shares of the business services provider’s stock valued at $3,196,000 after buying an additional 181 shares during the period. Orographic Financial Advisors LLC purchased a new stake in Waste Management in the first quarter valued at $373,000. Kentucky Retirement Systems lifted its stake in shares of Waste Management by 55.1% in the 1st quarter. Kentucky Retirement Systems now owns 36,025 shares of the business services provider’s stock valued at $8,278,000 after purchasing an additional 12,798 shares during the last quarter. Chesapeake Wealth Management increased its position in shares of Waste Management by 28.5% during the 1st quarter. Chesapeake Wealth Management now owns 1,644 shares of the business services provider’s stock worth $378,000 after purchasing an additional 365 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Waste Management by 52.7% in the 1st quarter. Centaurus Financial Inc. now owns 1,147 shares of the business services provider’s stock valued at $263,000 after buying an additional 396 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Company Profile

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.