Waste Management, Inc. (NYSE:WM) – Equities researchers at KeyCorp issued their FY2019 earnings estimates for Waste Management in a note issued to investors on Thursday. KeyCorp analyst J. Box anticipates that the business services provider will post earnings of $3.65 per share for the year. KeyCorp currently has a “Buy” rating and a $88.00 target price on the stock.

WM has been the subject of several other reports. Oppenheimer Holdings Inc. raised their target price on shares of Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Stifel Nicolaus raised their target price on shares of Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $82.00 target price on shares of Waste Management in a research note on Friday, September 8th. Finally, Bank of America Corporation cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Waste Management presently has an average rating of “Hold” and an average price target of $80.10.

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Shares of Waste Management (WM) traded down 0.68% during mid-day trading on Monday, hitting $81.75. The company’s stock had a trading volume of 508,699 shares. The stock has a market cap of $35.97 billion, a PE ratio of 28.00 and a beta of 0.74. Waste Management has a 1-year low of $63.19 and a 1-year high of $82.87. The company has a 50-day moving average price of $77.91 and a 200-day moving average price of $74.94.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the business. Bank of Nova Scotia lifted its position in Waste Management by 23.4% during the first quarter. Bank of Nova Scotia now owns 411,484 shares of the business services provider’s stock worth $30,005,000 after acquiring an additional 78,100 shares during the last quarter. Intersect Capital LLC lifted its position in Waste Management by 33.1% during the second quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 6,009 shares during the last quarter. Aviva PLC lifted its position in Waste Management by 1.0% during the second quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock worth $20,328,000 after acquiring an additional 2,710 shares during the last quarter. AXA lifted its position in Waste Management by 15.0% during the second quarter. AXA now owns 450,490 shares of the business services provider’s stock worth $33,044,000 after acquiring an additional 58,630 shares during the last quarter. Finally, Global X Management Co. LLC lifted its position in Waste Management by 28.6% during the first quarter. Global X Management Co. LLC now owns 5,037 shares of the business services provider’s stock worth $367,000 after acquiring an additional 1,121 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

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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