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

Waste Management (NYSE:WM - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect Waste Management to post earnings of $1.68 per share and revenue of $6.14 billion for the quarter.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, analysts expect Waste Management to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Waste Management Trading Down 0.4 %

WM traded down $1.03 during trading on Wednesday, reaching $228.93. 1,797,136 shares of the company's stock were exchanged, compared to its average volume of 1,645,280. The firm has a fifty day moving average price of $227.94 and a two-hundred day moving average price of $219.32. The stock has a market capitalization of $92.11 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. Waste Management has a one year low of $196.59 and a one year high of $239.32. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.44%. This is an increase from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. Waste Management's dividend payout ratio is presently 48.53%.

Insider Activity

In other Waste Management news, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares in the company, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now directly owns 211,061 shares of the company's stock, valued at approximately $48,212,664.23. This trade represents a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock worth $21,662,464 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Waste Management

A hedge fund recently raised its stake in Waste Management stock. Brighton Jones LLC grew its position in Waste Management, Inc. (NYSE:WM - Free Report) by 51.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,861 shares of the business services provider's stock after purchasing an additional 2,320 shares during the period. Brighton Jones LLC's holdings in Waste Management were worth $1,384,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Waste Management from $255.00 to $238.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Citigroup boosted their price target on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. CIBC increased their price objective on shares of Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, William Blair restated an "outperform" rating on shares of Waste Management in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $237.76.

Waste Management Company Profile

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.