Waste Management (NYSE:WM) Issues Quarterly Earnings Results

Waste Management (NYSE:WM) announced its quarterly earnings data on Tuesday. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04, Zacks reports. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%.

Waste Management Price Performance

Shares of NYSE WM traded up $1.64 during mid-day trading on Tuesday, hitting $239.54. 2,075,126 shares of the stock traded hands, compared to its average volume of 2,170,397. The company has a market cap of $96.19 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.44. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $224.48 and a two-hundred day simple moving average of $227.26.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio (DPR) is 54.70%.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Waste Management reported earnings of $2.02 per share, surpassing the analyst consensus of $1.98 by $0.04. The company also posted a 10.99% net margin and a strong 31.90% return on equity, supporting the positive market reaction. Waste Management quarterly earnings report
• Positive Sentiment: Analysts see additional share-price upside. Brokerages have established a consensus price target of $256.74, above the stock’s recent trading level, indicating continued confidence in WM’s earnings outlook. Waste Management consensus target price
• Positive Sentiment: Expectations for steady growth were met. The pre-earnings outlook anticipated consistent second-quarter performance, and the EPS beat suggests Waste Management is executing in line with or slightly ahead of those expectations. Waste Management Q2 2026 earnings preview
• Positive Sentiment: Scotiabank raised its earnings forecast. The upward estimate revision provides another indication that analysts expect improving results from WM. Scotiabank Waste Management earnings forecast
• Neutral Sentiment: Valuation remains a consideration. With WM trading at a premium earnings multiple, investors may require continued earnings beats and reliable cash-flow growth to justify further gains. Recent reports about competitor Waste Connections’ results and AI-driven margin initiatives provide broader industry context but do not directly change WM’s fundamentals.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Citigroup raised their price objective on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Scotiabank boosted their target price on Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Oppenheimer dropped their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Fifteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $256.74.

Institutional Trading of Waste Management

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its holdings in Waste Management by 0.3% in the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after buying an additional 11,688 shares during the last quarter. Amundi increased its position in Waste Management by 4.5% in the 4th quarter. Amundi now owns 3,273,036 shares of the business services provider’s stock valued at $719,127,000 after acquiring an additional 139,906 shares during the period. Sustainable Growth Advisers LP raised its stake in shares of Waste Management by 12.6% during the third quarter. Sustainable Growth Advisers LP now owns 3,262,148 shares of the business services provider’s stock valued at $720,380,000 after acquiring an additional 364,512 shares during the last quarter. Lazard Asset Management LLC raised its position in Waste Management by 2.8% during the 3rd quarter. Lazard Asset Management LLC now owns 2,586,393 shares of the business services provider’s stock worth $571,153,000 after purchasing an additional 70,363 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Waste Management by 7.4% during the 4th quarter. Royal Bank of Canada now owns 2,381,855 shares of the business services provider’s stock worth $523,319,000 after purchasing an additional 163,729 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

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.