Free Trial
NYSE:WM

Waste Management (WM) Stock Price, News & Analysis

Waste Management logo
$224.12 +3.68 (+1.67%)
(As of 11/8/2024 ET)

About Waste Management Stock (NYSE:WM)

Key Stats

Today's Range
$220.44
$226.36
50-Day Range
$201.85
$224.08
52-Week Range
$168.73
$226.36
Volume
1.85 million shs
Average Volume
1.62 million shs
Market Capitalization
$89.96 billion
P/E Ratio
34.27
Dividend Yield
1.34%
Price Target
$226.11
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
97th Percentile Overall Score

WM MarketRank™: 

Waste Management scored higher than 97% of companies evaluated by MarketBeat, and ranked 12th out of 333 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 2.55, and is based on 10 buy ratings, 11 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Waste Management has been the subject of 11 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 9.73% in the coming year, from $7.30 to $8.01 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Waste Management is 34.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Waste Management is 34.27, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 29.01.

  • Price to Earnings Growth Ratio

    Waste Management has a PEG Ratio of 2.31. 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 11.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Waste Management's valuation and earnings.
  • Percentage of Shares Shorted

    0.77% 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 2.1, 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 6.36%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Waste Management pays a meaningful dividend of 1.37%, 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 37.45% 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

    0.77% 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 2.1, 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 6.36%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Waste Management has a news sentiment score of 0.44. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 25 news articles for Waste Management this week, compared to 13 articles on an average week.
  • Search Interest

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

    17 people have added Waste Management to their MarketBeat watchlist in the last 30 days. This is an increase of 31% 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.

WM Stock News Headlines

Bill Gates stock picks
Top Bill Gates Stock Picks Every Investor Should Know About
Investors can significantly benefit from looking into mega investors' portfolios to reverse engineer their picks, such as Bill Gates' today.
Your chance to get on the next “60-Second Trade”
Ever heard of the “60-Second Trade”? It’s a unique cash flow strategy that lets regular traders target anywhere from $100 to a couple of thousand in extra cash flow in as little as 7 days… In on Monday, out on Friday!
How WM comes clean on its environmental impact
See More Headlines

WM Stock Analysis - Frequently Asked Questions

Waste Management's stock was trading at $179.10 at the start of the year. Since then, WM stock has increased by 25.1% and is now trading at $224.12.
View the best growth stocks for 2024 here
.

Waste Management, Inc. (NYSE:WM) announced its earnings results on Monday, October, 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.07. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year.
Read the conference call transcript
.

Waste Management's board authorized a stock buyback program on Thursday, December 8th 2022, which allows the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

The following companies are subsidiaries of Waste Management: 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 shareholders include Parnassus Investments LLC (1.28%), International Assets Investment Management LLC (0.65%), Diamond Hill Capital Management Inc. (0.45%) and Swedbank AB (0.44%). 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
Today
11/09/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/10/2025

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
$226.11
High Stock Price Target
$256.00
Low Stock Price Target
$175.00
Potential Upside/Downside
+0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
22 Analysts

Profitability

Net Income
$2.30 billion
Pretax Margin
15.91%

Debt

Sales & Book Value

Annual Sales
$20.43 billion
Cash Flow
$12.45 per share
Book Value
$19.86 per share

Miscellaneous

Free Float
400,644,000
Market Cap
$89.96 billion
Optionable
Optionable
Beta
0.74

Social Links


This page (NYSE:WM) was last updated on 11/10/2024 by MarketBeat.com Staff
From Our Partners