Erste Group Bank Issues Pessimistic Forecast for WM Earnings

Waste Management, Inc. (NYSE:WM) – Equities researchers at Erste Group Bank cut their FY2026 earnings estimates for Waste Management in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the business services provider will post earnings per share of $8.12 for the year, down from their previous forecast of $8.14. The consensus estimate for Waste Management’s current full-year earnings is $8.13 per share.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year.

Several other research firms have also weighed in on WM. Citigroup lifted their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Barclays raised their price target on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank increased their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada raised their target price on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Trading Up 0.3%

Shares of NYSE:WM opened at $219.61 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management has a 12-month low of $194.11 and a 12-month high of $248.13. The business has a 50 day moving average of $228.73 and a two-hundred day moving average of $227.40. The company has a market capitalization of $87.78 billion, a PE ratio of 31.11, a PEG ratio of 2.76 and a beta of 0.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WM. RHL Group LLC acquired a new position in Waste Management during the fourth quarter worth $29,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the 4th quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management in the third quarter valued at about $30,000. Finally, Main Street Group LTD purchased a new position in Waste Management during the first quarter worth about $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s payout ratio is 53.54%.

About Waste Management

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.