Waste Management (NYSE:WM) Issues Earnings Results, Beats Expectations By $0.04 EPS

Waste Management (NYSE:WM) announced its quarterly earnings results on Thursday. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04, RTT News reports. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.97 billion. Waste Management had a return on equity of 28.63% and a net margin of 11.35%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.13 earnings per share.

Shares of WM stock traded up $0.66 during mid-day trading on Friday, reaching $124.89. 22,028 shares of the company’s stock traded hands, compared to its average volume of 1,551,703. The company’s 50-day moving average price is $119.25 and its 200-day moving average price is $115.78. The company has a market cap of $52.42 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.25 and a beta of 0.60. The company has a quick ratio of 1.82, a current ratio of 1.86 and a debt-to-equity ratio of 1.94. Waste Management has a 12 month low of $97.22 and a 12 month high of $125.64.

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Waste Management from $129.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group assumed coverage on shares of Waste Management in a research report on Wednesday, November 27th. They issued a “hold” rating and a $120.00 target price for the company. Bank of America lowered shares of Waste Management from a “buy” rating to a “neutral” rating in a research note on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Waste Management to $138.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Deutsche Bank increased their price target on shares of Waste Management from $123.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Waste Management currently has an average rating of “Buy” and a consensus target price of $123.85.

In other Waste Management news, Director Frank M. Clark sold 267 shares of Waste Management stock in a transaction on Friday, January 17th. The stock was sold at an average price of $119.69, for a total transaction of $31,957.23. Following the completion of the transaction, the director now owns 32,396 shares in the company, valued at $3,877,477.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tara J. Hmmer sold 4,639 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $110.36, for a total value of $511,960.04. Following the completion of the sale, the senior vice president now directly owns 25,405 shares in the company, valued at $2,803,695.80. The disclosure for this sale can be found here. Insiders sold a total of 5,906 shares of company stock worth $655,917 over the last ninety days. Insiders own 0.14% of the company’s stock.

About Waste Management

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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Earnings History for Waste Management (NYSE:WM)

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