Scotiabank Decreases Earnings Estimates for Waste Management

Waste Management, Inc. (NYSE:WM) – Analysts at Scotiabank dropped their FY2026 EPS estimates for Waste Management in a report issued on Friday, January 23rd. Scotiabank analyst K. Gupta now forecasts that the business services provider will post earnings per share of $8.13 for the year, down from their prior estimate of $8.22. Scotiabank currently has a “Sector Perform” rating and a $250.00 target price on the stock. The consensus estimate for Waste Management’s current full-year earnings is $7.70 per share. Scotiabank also issued estimates for Waste Management’s FY2027 earnings at $9.34 EPS.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.96 EPS.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Royal Bank Of Canada decreased their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Morgan Stanley decreased their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $238.00 to $242.00 in a research report on Tuesday, November 4th. Finally, CIBC reduced their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.19.

Waste Management Price Performance

NYSE WM opened at $231.26 on Monday. Waste Management has a 12-month low of $194.11 and a 12-month high of $242.58. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $93.17 billion, a P/E ratio of 36.42, a P/E/G ratio of 2.58 and a beta of 0.59. The firm’s fifty day simple moving average is $218.71 and its two-hundred day simple moving average is $219.20.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is currently 51.97%.

Insider Buying and Selling

In related news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Waste Management

Several hedge funds and other institutional investors have recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in Waste Management during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC increased its holdings in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after buying an additional 67 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the third quarter valued at $30,000. Kelleher Financial Advisors purchased a new stake in Waste Management during the fourth quarter valued at about $31,000. Finally, Loomis Sayles & Co. L P acquired a new position in Waste Management in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.