Waste Management (WM) to Release Earnings on Monday

Waste Management (NYSE:WM - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $6.14 billion for the quarter. Waste Management has set its FY 2025 guidance at EPS.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.01). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. 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 Up 0.3 %

Shares of NYSE:WM traded up $0.61 during midday trading on Monday, reaching $228.92. 2,348,601 shares of the company's stock were exchanged, compared to its average volume of 1,648,354. The firm's 50 day simple moving average is $227.95 and its two-hundred day simple moving average is $219.78. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The stock has a market cap of $92.10 billion, a price-to-earnings ratio of 33.66, a P/E/G ratio of 2.71 and a beta of 0.66. Waste Management has a fifty-two week low of $196.59 and a fifty-two week high of $239.32.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend 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 (DPR) is presently 48.53%.

Insiders Place Their Bets

In related news, EVP John J. Morris sold 19,153 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the completion of the sale, the executive vice president now directly owns 85,257 shares of the company's stock, valued at $19,158,100.47. This trade represents a 18.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Johnson Varkey sold 560 shares of the business's stock in a transaction on Friday, January 31st. The shares were 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 directly owns 9,152 shares in the company, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock valued at $21,662,464 over the last quarter. Company insiders own 0.18% of the company's stock.

Institutional Trading of Waste Management

A hedge fund recently raised its stake in Waste Management stock. Brighton Jones LLC raised its position in Waste Management, Inc. (NYSE:WM - Free Report) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,861 shares of the business services provider's stock after acquiring 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 own 80.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James raised their price objective on Waste Management from $235.00 to $237.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Scotiabank raised their target price on Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. Morgan Stanley raised their target price on Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Oppenheimer raised their target price on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Jefferies Financial Group decreased their price objective on Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Waste Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.28.

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.