Waste Management (NYSE:WM) posted its earnings results on Thursday. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04, MarketWatch Earnings reports. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Waste Management had a net margin of 14.94% and a return on equity of 27.38%. Waste Management updated its FY 2018 guidance to $4.13-4.15 EPS.
Shares of NYSE:WM traded up $0.43 during trading hours on Friday, reaching $85.27. The stock had a trading volume of 122,357 shares, compared to its average volume of 2,082,195. Waste Management has a 1 year low of $78.00 and a 1 year high of $92.85. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.48. The company has a market cap of $38.55 billion, a PE ratio of 26.46, a P/E/G ratio of 1.85 and a beta of 0.70.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Thursday, September 20th. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. BMO Capital Markets boosted their target price on shares of Waste Management to $98.00 and gave the company an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “buy” rating and issued a $95.00 target price on shares of Waste Management in a report on Thursday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.00.
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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