Waste Management (WM) Posts Quarterly Earnings Results, Hits Estimates
Waste Management (NYSE:WM) released its earnings data on Tuesday. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62, Stock Ratings Network reports. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.60 billion.
Shares of Waste Management (NYSE:WM) opened at 43.61 on Tuesday. Waste Management has a one year low of $30.82 and a one year high of $43.59. The stock has a 50-day moving average of $41.70 and a 200-day moving average of $40.40. The company has a market cap of $20.443 billion and a P/E ratio of 23.96.
A number of research firms have recently commented on WM. 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 issued a hold rating and two have issued a buy rating to the company. Waste Management currently 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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