Waste Management (WM) to Release Earnings on Tuesday
Waste Management (NYSE:WM) will be posting its Q313 quarterly earnings results on Tuesday, October 29th. Analysts expect Waste Management to post earnings of $0.62 per share and revenue of $3.60 billion for the quarter. Waste Management has set its FY13 guidance at $2.15-2.20 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.01. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company posted $0.52 earnings per share. Waste Management’s revenue was up 1.9% compared to the same quarter last year. On average, analysts expect Waste Management to post $2.16 EPS for the current fiscal year and $2.39 EPS for the next fiscal year.
Waste Management (NYSE:WM) opened at 43.65 on Monday. Waste Management has a 52 week low of $30.82 and a 52 week high of $43.59. The stock’s 50-day moving average is $41.70 and its 200-day moving average is $40.40. The company has a market cap of $20.462 billion and a price-to-earnings ratio of 23.77.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Waste Management from $42.00 to $48.00 in a research note to investors on Monday, August 12th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Wunderlich raised their price target on shares of Waste Management from $43.00 to $48.00 in a research note to investors on Thursday, August 1st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note to investors on Wednesday, July 31st. They now have a $44.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.45.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
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