Waste Management (WM) Expected to Announce Quarterly Earnings on Wednesday

Waste Management (NYSE:WM) will likely be releasing its earnings data 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. Investors interested in participating in the company’s conference call can do so using this link.

Waste Management (NYSE:WM) last announced its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Waste Management’s quarterly revenue was up 7.9% on a year-over-year basis. 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 Stock Up 1.9 %

Shares of NYSE:WM opened at $213.46 on Tuesday. The company has a market capitalization of $85.67 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.17 and a beta of 0.77. The stock’s fifty day simple moving average is $212.64 and its 200-day simple moving average is $211.28. Waste Management has a 52-week low of $184.72 and a 52-week high of $230.39. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on WM shares. William Blair assumed coverage on shares of Waste Management in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Morgan Stanley upped their target price on Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. CIBC increased their price objective on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets boosted their target price on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $231.39.

Insider Activity

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction dated 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 directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

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.