Waste Management (NYSE:WM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Waste Management (NYSE:WM) issued its quarterly earnings data on Monday. The business services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03, Zacks reports. Waste Management had a net margin of 11.36% and a return on equity of 35.31%. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. Waste Management updated its FY 2025 guidance to EPS.

Waste Management Stock Performance

Shares of NYSE WM opened at $235.65 on Wednesday. The business has a fifty day simple moving average of $231.77 and a 200 day simple moving average of $227.79. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 2.65. The firm has a market capitalization of $94.83 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.82 and a beta of 0.64. Waste Management has a one year low of $199.69 and a one year high of $242.58.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.40%. Waste Management’s payout ratio is 48.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WM shares. National Bank Financial upgraded shares of Waste Management to a “hold” rating in a research report on Monday, May 26th. Raymond James Financial boosted their price target on shares of Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upgraded Waste Management from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. Oppenheimer lifted their target price on Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $229.00 target price on shares of Waste Management in a research note on Thursday, June 26th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.41.

Insiders Place Their Bets

In other news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer owned 83,934 shares in the company, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the sale, the senior vice president owned 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Waste Management

An institutional investor recently raised its position in Waste Management stock. Brighton Jones LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 51.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,861 shares of the business services provider’s stock after purchasing an additional 2,320 shares during the quarter. Brighton Jones LLC’s holdings in Waste Management were worth $1,384,000 at the end of the most recent quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Company Profile

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.