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Waste Management (WM) Stock Price, News & Analysis

Waste Management logo
$205.83 +0.30 (+0.15%)
(As of 12/20/2024 05:40 PM ET)

About Waste Management Stock (NYSE:WM)

Key Stats

Today's Range
$204.45
$207.30
50-Day Range
$205.43
$228.50
52-Week Range
$175.62
$230.39
Volume
3.68 million shs
Average Volume
1.63 million shs
Market Capitalization
$82.61 billion
P/E Ratio
31.47
Dividend Yield
1.46%
Price Target
$230.72
Consensus Rating
Moderate Buy

Company Overview

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. As of December 31, 2022, the company owned or operated 254 solid waste landfills, five secure hazardous waste landfills, 97 MRFs, and 337 transfer stations. It also provides materials processing and commodities recycling services at its MRFs, where cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

Waste Management Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
99th Percentile Overall Score

WM MarketRank™: 

Waste Management scored higher than 99% of companies evaluated by MarketBeat, and ranked 9th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Waste Management has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 10 buy ratings, 10 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Waste Management has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Waste Management's stock forecast and price target.
  • Earnings Growth

    Earnings for Waste Management are expected to grow by 9.29% in the coming year, from $7.32 to $8.00 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Waste Management is 31.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Waste Management is 31.47, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.49.

  • Price to Earnings Growth Ratio

    Waste Management has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Waste Management has a P/B Ratio of 12.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.64% of the float of Waste Management has been sold short.
  • Short Interest Ratio / Days to Cover

    Waste Management has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Waste Management has recently decreased by 15.13%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Waste Management pays a meaningful dividend of 1.46%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Waste Management has been increasing its dividend for 21 years.

  • Dividend Coverage

    The dividend payout ratio of Waste Management is 45.87%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Waste Management will have a dividend payout ratio of 37.50% next year. This indicates that Waste Management will be able to sustain or increase its dividend.

  • Read more about Waste Management's dividend.
  • Percentage of Shares Shorted

    0.64% of the float of Waste Management has been sold short.
  • Short Interest Ratio / Days to Cover

    Waste Management has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Waste Management has recently decreased by 15.13%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Waste Management has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Waste Management this week, compared to 14 articles on an average week.
  • Search Interest

    28 people have searched for WM on MarketBeat in the last 30 days. This is an increase of 22% compared to the previous 30 days.
  • MarketBeat Follows

    21 people have added Waste Management to their MarketBeat watchlist in the last 30 days. This is an increase of 62% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Waste Management insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $66,796.00 in company stock.

  • Percentage Held by Insiders

    Only 0.18% of the stock of Waste Management is held by insiders.

  • Percentage Held by Institutions

    80.40% of the stock of Waste Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Waste Management's insider trading history.
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WM Stock News Headlines

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WM Stock Analysis - Frequently Asked Questions

Waste Management's stock was trading at $179.10 at the beginning of the year. Since then, WM shares have increased by 14.9% and is now trading at $205.83.
View the best growth stocks for 2024 here
.

Waste Management, Inc. (NYSE:WM) released its quarterly earnings results on Monday, October, 28th. The business services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The company's revenue for the quarter was up 7.9% on a year-over-year basis.
Read the conference call transcript
.

Waste Management subsidiaries include Advanced Disposal Services, Anderson Rubbish Disposal, Illini Disposal, Deffenbaugh Industries Inc., Liquid Logistics, Summit Energy Services Inc, Greenstar Recycling LLC, and others.

Waste Management's top institutional investors include State Street Corp (4.59%), Geode Capital Management LLC (2.03%), Parnassus Investments LLC (1.28%) and International Assets Investment Management LLC (0.65%). Insiders that own company stock include James C Fish Jr, John J Morris, John C Pope, Tara J Hemmer, Michael J Watson, Nikolaj H Sjoqvist, Charles C Boettcher, Rafael Carrasco, Christopher P Desantis, John A Carroll, Donald J Smith, Leslie K Nagy, Maryrose Sylvester, Kelly C Rooney and Bruce E Chinn.
View institutional ownership trends
.

Shares of WM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Waste Management investors own include NVIDIA (NVDA), Humana (HUM), Chevron (CVX), American Water Works (AWK), Verizon Communications (VZ), Waste Connections (WCN) and Meta Platforms (META).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Last Earnings
10/28/2024
Ex-Dividend for 12/20 Dividend
12/06/2024
Dividend Payable
12/20/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refuse systems
Sub-Industry
Environmental & Facilities Services
CUSIP
94106L10
Employees
48,000
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$230.72
High Stock Price Target
$256.00
Low Stock Price Target
$210.00
Potential Upside/Downside
+12.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
21 Analysts

Profitability

Net Income
$2.30 billion
Pretax Margin
15.91%

Debt

Sales & Book Value

Annual Sales
$21.39 billion
Cash Flow
$11.71 per share
Book Value
$17.12 per share

Miscellaneous

Free Float
400,644,000
Market Cap
$82.61 billion
Optionable
Optionable
Beta
0.75

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This page (NYSE:WM) was last updated on 12/23/2024 by MarketBeat.com Staff
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