Media coverage about Waste Management (NYSE:WM) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Waste Management earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.0576266357013 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Analysts Expect Waste Management (WM) Will Announce Quarterly Sales of $3.57 Billion (americanbankingnews.com)
- Waste Management (WM) Lifted to “Outperform” at Macquarie (americanbankingnews.com)
- 50000 Shares in Waste Management (WM) Purchased by Caption Management LLC – StockNewsTimes (nigeriatoday.ng)
- Waste Management (WM) Expected to Post Earnings of $0.82 Per Share (americanbankingnews.com)
- SA waste firm looks at powering own electric propulsion (fullyloaded.com.au)
Several equities research analysts have issued reports on WM shares. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, December 26th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $95.00 in a research note on Monday, December 11th. UBS started coverage on shares of Waste Management in a research note on Wednesday, March 14th. They set a “neutral” rating and a $93.00 target price on the stock. Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Friday, February 16th. Finally, Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.44.
Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. equities research analysts predict that Waste Management will post 4.04 EPS for the current year.
Waste Management declared that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.465 per share. This is a boost from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, March 8th. This represents a $1.86 annualized dividend and a dividend yield of 2.21%. Waste Management’s payout ratio is presently 57.76%.
In other Waste Management news, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total value of $34,172.10. Following the transaction, the director now owns 30,673 shares of the company’s stock, valued at $2,708,425.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Devina A. Rankin sold 856 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $84.11, for a total transaction of $71,998.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,291 shares of company stock worth $9,154,833. Corporate insiders own 0.19% of the company’s stock.
About Waste Management
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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