Waste Management Inc. (NYSE:WM) – Equities research analysts at Wedbush boosted their Q1 2017 earnings per share estimates for Waste Management in a research report issued on Thursday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will post earnings of $0.68 per share for the quarter, up from their prior forecast of $0.66. Wedbush currently has a “Neutral” rating and a $68.00 price target on the stock. Wedbush also issued estimates for Waste Management’s Q3 2017 earnings at $0.86 EPS, Q4 2017 earnings at $0.83 EPS, Q2 2018 earnings at $0.84 EPS and FY2018 earnings at $3.41 EPS.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Waste Management had a net margin of 8.73% and a return on equity of 23.48%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue was up 3.3% compared to the same quarter last year.

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

Other equities research analysts also recently issued research reports about the stock. Argus restated a “buy” rating and issued a $72.00 target price on shares of Waste Management in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Friday, August 5th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 target price (up previously from $70.00) on shares of Waste Management in a research note on Monday, July 18th. Barclays PLC downgraded shares of Waste Management from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $66.00 to $70.00 in a research note on Tuesday, August 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Waste Management in a research report on Thursday, July 14th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Waste Management has a consensus rating of “Hold” and an average price target of $66.77.

Waste Management (NYSE:WM) opened at 62.64 on Monday. The firm has a 50 day moving average of $63.27 and a 200 day moving average of $62.87. Waste Management has a one year low of $50.36 and a one year high of $70.50. The firm has a market capitalization of $27.70 billion, a PE ratio of 24.48 and a beta of 0.62.

Hedge funds have recently made changes to their positions in the stock. Numeric Investors LLC boosted its stake in shares of Waste Management by 18,312.6% in the second quarter. Numeric Investors LLC now owns 1,436,180 shares of the company’s stock worth $95,176,000 after buying an additional 1,428,380 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Waste Management by 11.0% in the second quarter. BlackRock Fund Advisors now owns 10,269,777 shares of the company’s stock worth $680,578,000 after buying an additional 1,021,512 shares during the period. Capital International Investors boosted its stake in shares of Waste Management by 8.2% in the second quarter. Capital International Investors now owns 13,209,100 shares of the company’s stock worth $875,367,000 after buying an additional 1,003,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Waste Management by 3.0% in the second quarter. Vanguard Group Inc. now owns 29,578,946 shares of the company’s stock worth $1,960,198,000 after buying an additional 872,058 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Waste Management by 111.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,355,874 shares of the company’s stock worth $89,856,000 after buying an additional 714,291 shares during the period. 75.10% of the stock is owned by institutional investors.

In other news, VP Don P. Carpenter sold 1,634 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $66.13, for a total value of $108,056.42. Following the completion of the sale, the vice president now directly owns 19,865 shares of the company’s stock, valued at approximately $1,313,672.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James C. Fish, Jr. sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $66.59, for a total value of $492,766.00. Following the completion of the sale, the chief financial officer now directly owns 99,615 shares of the company’s stock, valued at $6,633,362.85. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.64 annualized dividend and a yield of 2.62%. Waste Management’s dividend payout ratio is currently 63.81%.

Waste Management Company Profile

Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.

5 Day Chart for NYSE:WM

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