Waste Management (WM) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Waste Management (NYSE:WM) announced its earnings results on Tuesday. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.04, StockRatingsNetwork reports. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.58 billion.
A number of research firms have recently commented on WM. Analysts at Zacks reiterated a “neutral” rating on shares of Waste Management in a research note on Monday, January 27th. They now have a $44.00 price target on the stock. Analysts at Macquarie initiated coverage on shares of Waste Management in a research note on Tuesday, January 7th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Waste Management currently has a consensus rating of “Hold” and an average target price of $43.86.
Waste Management (NYSE:WM) opened at 43.67 on Tuesday. Waste Management has a one year low of $36.23 and a one year high of $46.38. The stock’s 50-day moving average is $42.91 and its 200-day moving average is $42.83. The company has a market cap of $20.489 billion and a price-to-earnings ratio of 21.88.
Waste Management, Inc (NYSE:WM) is a provider of waste management services in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.