Waste Management (WM) to Release Earnings on Wednesday

Waste Management (NYSE:WM) is expected to post its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect Waste Management to post earnings of $1.79 per share and revenue of $5,903,195.78 billion for the quarter. Waste Management has set its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. On average, analysts expect Waste Management to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Waste Management Trading Up 0.5 %

Shares of WM stock opened at $212.77 on Wednesday. The business has a 50-day moving average of $213.57 and a 200 day moving average of $211.27. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management has a 1-year low of $182.93 and a 1-year high of $230.39. The stock has a market capitalization of $85.40 billion, a PE ratio of 32.53, a P/E/G ratio of 2.14 and a beta of 0.77.

Waste Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. Waste Management’s dividend payout ratio is currently 45.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Argus boosted their target price on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. UBS Group upped their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Scotiabank initiated coverage on shares of Waste Management in a report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

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.