Wall Street brokerages expect Waste Management, Inc. (NYSE:WM) to post sales of $3.56 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Waste Management’s earnings, with the highest sales estimate coming in at $3.64 billion and the lowest estimate coming in at $3.51 billion. Waste Management reported sales of $3.46 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Waste Management will report full-year sales of $3.56 billion for the current year, with estimates ranging from $14.35 billion to $14.47 billion. For the next year, analysts anticipate that the firm will post sales of $14.79 billion per share, with estimates ranging from $14.62 billion to $14.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Waste Management.

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

WM has been the topic of several analyst reports. Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Oppenheimer increased their price target on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. KeyCorp increased their price target on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Finally, BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of Waste Management in a research note on Friday, October 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $81.81.

Waste Management (NYSE:WM) opened at $81.81 on Friday. Waste Management has a 12 month low of $68.84 and a 12 month high of $82.97. The company has a market cap of $35,714.28, a price-to-earnings ratio of 26.36, a PEG ratio of 2.67 and a beta of 0.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 30th. Waste Management’s payout ratio is presently 54.84%.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in shares of Waste Management by 7,400.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock valued at $316,712,000 after purchasing an additional 4,260,260 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Waste Management by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after purchasing an additional 1,621,347 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Waste Management by 4.9% in the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after purchasing an additional 1,475,583 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Waste Management by 8,786.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock valued at $12,314,000 after purchasing an additional 893,068 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Waste Management by 49.2% in the 3rd quarter. APG Asset Management N.V. now owns 2,417,131 shares of the business services provider’s stock valued at $189,189,000 after purchasing an additional 797,192 shares during the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

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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.

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

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