Waste Management, Inc. (NYSE:WM) – Stock analysts at Gabelli lifted their FY2017 earnings per share (EPS) estimates for Waste Management in a report issued on Thursday. Gabelli analyst T. Bancroft now forecasts that the business services provider will post earnings of $3.20 per share for the year, up from their prior estimate of $3.15. Gabelli also issued estimates for Waste Management’s FY2018 earnings at $3.45 EPS, FY2019 earnings at $3.70 EPS, FY2020 earnings at $4.00 EPS and FY2021 earnings at $4.30 EPS.

A number of other brokerages have also recently commented on WM. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus increased their target price on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. increased their target price on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, July 5th. Credit Suisse Group increased their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Finally, BMO Capital Markets started coverage on Waste Management in a research note on Thursday, June 29th. They set an “outperform” rating and a $81.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Waste Management presently has a consensus rating of “Hold” and an average target price of $74.94.

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Waste Management (WM) traded down 0.80% during trading on Friday, hitting $74.85. The stock had a trading volume of 386,643 shares. The firm has a market cap of $33.08 billion, a P/E ratio of 27.31 and a beta of 0.71. The stock’s 50 day moving average price is $73.94 and its 200 day moving average price is $72.45. Waste Management has a 12-month low of $61.08 and a 12-month high of $76.00.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a return on equity of 25.03% and a net margin of 9.18%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share.

Hedge funds have recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new position in Waste Management during the second quarter worth approximately $103,000. Quadrant Capital Group LLC increased its position in Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock worth $100,000 after buying an additional 78 shares during the period. Guardian Life Insurance Co. of America increased its position in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Waste Management by 25.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock worth $124,000 after buying an additional 340 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Waste Management during the first quarter worth approximately $127,000. Institutional investors own 75.08% of the company’s stock.

In other news, Director John C. Pope sold 453 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $74.38, for a total transaction of $33,694.14. Following the completion of the sale, the director now directly owns 51,470 shares in the company, valued at $3,828,338.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total value of $252,665.00. Following the sale, the chief executive officer now owns 151,162 shares of the company’s stock, valued at $10,912,384.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,940 shares of company stock valued at $575,603. 0.19% of the stock is owned by insiders.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Earnings History and Estimates for Waste Management (NYSE:WM)

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