$1.15 Earnings Per Share Expected for Waste Management, Inc. (NYSE:WM) This Quarter

Brokerages expect Waste Management, Inc. (NYSE:WM) to report earnings per share of $1.15 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Waste Management’s earnings, with the highest EPS estimate coming in at $1.18 and the lowest estimate coming in at $1.11. Waste Management also posted earnings of $1.15 per share in the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Waste Management will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $4.26 to $4.36. For the next year, analysts expect that the firm will post earnings of $4.70 per share, with EPS estimates ranging from $4.60 to $4.91. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Waste Management.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. CIBC reissued a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Scotiabank assumed coverage on shares of Waste Management in a research note on Monday, July 22nd. They issued an “outperform” rating on the stock. Royal Bank of Canada set a $126.00 price target on shares of Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their price target on shares of Waste Management from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $113.91.

In other news, Director Patrick W. Gross sold 289 shares of Waste Management stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $118.61, for a total transaction of $34,278.29. Following the transaction, the director now owns 53,378 shares in the company, valued at approximately $6,331,164.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James C. Fish, Jr. sold 84,314 shares of Waste Management stock in a transaction on Monday, July 8th. The stock was sold at an average price of $116.51, for a total value of $9,823,424.14. Following the transaction, the chief executive officer now owns 282,921 shares in the company, valued at approximately $32,963,125.71. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of WM. Nuveen Asset Management LLC increased its stake in Waste Management by 6,950.1% during the second quarter. Nuveen Asset Management LLC now owns 3,763,123 shares of the business services provider’s stock worth $434,152,000 after purchasing an additional 3,709,746 shares during the period. BlackRock Inc. grew its stake in Waste Management by 3.1% during the 2nd quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock valued at $3,710,826,000 after purchasing an additional 976,898 shares in the last quarter. Senator Investment Group LP acquired a new stake in Waste Management during the 2nd quarter valued at approximately $79,028,000. Nordea Investment Management AB grew its stake in Waste Management by 22.9% during the 1st quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock valued at $305,112,000 after purchasing an additional 547,291 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Waste Management by 17.3% during the 2nd quarter. California Public Employees Retirement System now owns 3,395,778 shares of the business services provider’s stock valued at $391,771,000 after purchasing an additional 501,763 shares in the last quarter. Institutional investors and hedge funds own 73.43% of the company’s stock.

Waste Management stock traded up $0.92 during trading on Friday, reaching $119.12. The company had a trading volume of 1,610,700 shares, compared to its average volume of 1,791,718. The firm’s 50-day simple moving average is $117.22 and its 200 day simple moving average is $108.00. Waste Management has a 1-year low of $83.22 and a 1-year high of $119.56. The firm has a market capitalization of $50.14 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.19 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.66 and a current ratio of 1.70.

Waste Management Company Profile

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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Earnings History and Estimates for Waste Management (NYSE:WM)

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