Waste Management (NYSE:WM) updated its FY18 earnings guidance on Friday. The company provided EPS guidance of $3.97-4.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.00.
Several analysts recently commented on the company. Macquarie upgraded Waste Management from a neutral rating to an outperform rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut Waste Management from a buy rating to a hold rating in a research report on Friday, April 13th. UBS started coverage on Waste Management in a report on Wednesday, March 14th. They issued a neutral rating and a $93.00 target price for the company. BMO Capital Markets restated a buy rating and issued a $90.00 target price on shares of Waste Management in a report on Friday. Finally, Raymond James upgraded Waste Management from a market perform rating to an outperform rating and set a $95.00 target price for the company in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $90.89.
Shares of NYSE:WM opened at $82.48 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.80 and a quick ratio of 0.77. The firm has a market capitalization of $35,830.14, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.88 and a beta of 0.70. Waste Management has a 52-week low of $70.08 and a 52-week high of $89.73.
Waste Management (NYSE:WM) last issued its earnings results on Friday, April 20th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.09. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. equities analysts expect that Waste Management will post 4.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a $0.465 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.43. This represents a $1.86 annualized dividend and a yield of 2.26%. The ex-dividend date was Thursday, March 8th. Waste Management’s dividend payout ratio is presently 57.76%.
In other news, SVP Barry H. Caldwell sold 1,840 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $84.10, for a total value of $154,744.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James C. Fish, Jr. sold 2,159 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $84.08, for a total value of $181,528.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,211 shares of company stock worth $9,146,683. Corporate insiders own 0.30% of the company’s stock.
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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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