Brokerages expect Waste Management, Inc. (NYSE:WM) to report sales of $4.53 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Waste Management’s earnings, with the highest sales estimate coming in at $4.60 billion and the lowest estimate coming in at $4.42 billion. Waste Management reported sales of $3.86 billion in the same quarter last year, which suggests a positive year over year growth rate of 17.4%. The firm is scheduled to report its next quarterly earnings report on Monday, November 1st.
On average, analysts expect that Waste Management will report full-year sales of $17.63 billion for the current year, with estimates ranging from $17.59 billion to $17.77 billion. For the next fiscal year, analysts forecast that the business will post sales of $18.43 billion, with estimates ranging from $17.94 billion to $18.77 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Waste Management.
Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, July 27th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.09. Waste Management had a net margin of 9.69% and a return on equity of 26.32%. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis.
NYSE WM traded up $0.66 during trading hours on Friday, hitting $155.24. 13,981 shares of the company’s stock traded hands, compared to its average volume of 1,613,629. Waste Management has a 52-week low of $106.11 and a 52-week high of $156.74. The company has a market capitalization of $65.37 billion, a PE ratio of 41.00, a PEG ratio of 2.50 and a beta of 0.81. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.88 and a quick ratio of 0.84. The firm’s 50-day moving average is $149.50 and its 200-day moving average is $139.63.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 17th. Stockholders of record on Friday, September 3rd will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.48%. Waste Management’s payout ratio is 57.07%.
In related news, CFO Devina A. Rankin sold 33,115 shares of Waste Management stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $155.18, for a total transaction of $5,138,785.70. Following the sale, the chief financial officer now directly owns 53,434 shares in the company, valued at approximately $8,291,888.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Pope sold 211 shares of Waste Management stock in a transaction on Friday, July 16th. The stock was sold at an average price of $145.90, for a total transaction of $30,784.90. Following the sale, the director now owns 54,943 shares in the company, valued at $8,016,183.70. The disclosure for this sale can be found here. Insiders sold a total of 81,415 shares of company stock worth $12,300,321 over the last 90 days. Company insiders own 0.16% of the company’s stock.
A number of institutional investors have recently modified their holdings of WM. Twin Lakes Capital Management LLC purchased a new position in Waste Management during the 1st quarter worth $25,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Waste Management in the second quarter valued at about $25,000. Parisi Gray Wealth Management purchased a new stake in shares of Waste Management in the second quarter valued at about $25,000. KB Financial Partners LLC purchased a new stake in shares of Waste Management in the first quarter valued at about $26,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Waste Management in the first quarter valued at about $32,000. 74.10% of the stock is currently owned by institutional investors.
Waste Management Company Profile
Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2 and Tier 3. The Tier 1 segment comprises of areas in the Southern United States. The Tier 2 segment comprises of areas located in the Midwest and Northeast United States.
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