Waste Management (WM) Set to Announce Quarterly Earnings on Monday

Waste Management (NYSE:WM - Get Free Report) will be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The company had revenue of $5.40 billion for the quarter, compared to analysts' expectations of $5.43 billion. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.51 earnings per share. On average, analysts expect Waste Management to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Waste Management Trading Down 0.6 %

NYSE WM traded down $1.36 during trading on Monday, hitting $211.39. The stock had a trading volume of 486,779 shares, compared to its average volume of 1,619,048. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07. The stock has a 50 day simple moving average of $208.28 and a 200 day simple moving average of $208.45. Waste Management has a one year low of $153.95 and a one year high of $225.00. The stock has a market capitalization of $84.84 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.38 and a beta of 0.74.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio is currently 47.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on WM shares. Royal Bank of Canada lowered their price objective on shares of Waste Management from $215.00 to $204.00 and set a "sector perform" rating for the company in a research report on Friday, July 26th. StockNews.com lowered Waste Management from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th. Oppenheimer decreased their target price on Waste Management from $229.00 to $224.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. Truist Financial dropped their price target on Waste Management from $240.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 11th. Finally, Scotiabank initiated coverage on Waste Management in a report on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Waste Management currently has an average rating of "Moderate Buy" and an average price target of $218.89.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.