Waste Management (WM) Projected to Post Earnings on Monday

Waste Management (NYSE:WM) is expected to be issuing its Q1 2025 quarterly earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $6.14 billion for the quarter.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, analysts expect Waste Management to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Waste Management Stock Performance

Shares of WM opened at $228.28 on Friday. Waste Management has a 52 week low of $196.59 and a 52 week high of $239.32. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.85 and a current ratio of 0.76. The stock has a 50 day moving average price of $227.95 and a two-hundred day moving average price of $219.72. The firm has a market capitalization of $91.84 billion, a P/E ratio of 33.57, a P/E/G ratio of 2.71 and a beta of 0.66.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.825 per share. The ex-dividend date was Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.45%. This is an increase from Waste Management’s previous quarterly dividend of $0.75. Waste Management’s dividend payout ratio is 48.53%.

Insider Transactions at Waste Management

In other news, EVP John J. Morris sold 19,153 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $224.71, for a total value of $4,303,870.63. Following the completion of the transaction, the executive vice president now directly owns 85,257 shares in the company, valued at approximately $19,158,100.47. This trade represents a 18.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO John A. Carroll sold 1,251 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $225.92, for a total transaction of $282,625.92. Following the completion of the transaction, the chief accounting officer now directly owns 8,420 shares of the company’s stock, valued at approximately $1,902,246.40. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,577 shares of company stock valued at $21,662,464 over the last three months. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

A hedge fund recently raised its stake in Waste Management stock. Brighton Jones LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 51.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WM shares. UBS Group lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, April 11th. Scotiabank upped their price objective on shares of Waste Management from $255.00 to $260.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Raymond James upped their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, CIBC lifted their price target on Waste Management from $227.00 to $247.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.28.

About Waste Management

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.