Waste Management, Inc. (NYSE:WM) – Analysts at First Analysis upped their FY2017 earnings per share estimates for shares of Waste Management in a note issued to investors on Monday. First Analysis analyst C. Greendale now anticipates that the business services provider will post earnings per share of $3.20 for the year, up from their prior estimate of $3.18. First Analysis also issued estimates for Waste Management’s Q4 2017 earnings at $0.83 EPS and Q1 2018 earnings at $0.71 EPS.

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

Several other analysts have also commented on WM. BMO Capital Markets reiterated a “buy” rating and set a $82.00 price objective on shares of Waste Management in a report on Friday, September 8th. Zacks Investment Research lowered Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and decreased their price objective for the company from $85.00 to $80.00 in a report on Wednesday, October 4th. KeyCorp increased their price objective on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Bank of America decreased their price objective on Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $81.81.

Shares of Waste Management (WM) opened at $83.15 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $35,523.23, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 2.66 and a beta of 0.75. Waste Management has a 52-week low of $68.84 and a 52-week high of $83.93.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 dividend on an annualized basis and a yield of 2.04%. Waste Management’s dividend payout ratio (DPR) is 54.84%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intersect Capital LLC grew its position in shares of Waste Management by 33.1% during the 2nd quarter. Intersect Capital LLC now owns 24,186 shares of the business services provider’s stock valued at $1,774,000 after acquiring an additional 6,009 shares during the period. Aviva PLC grew its position in shares of Waste Management by 1.0% during the 2nd quarter. Aviva PLC now owns 277,131 shares of the business services provider’s stock valued at $20,328,000 after acquiring an additional 2,710 shares during the period. AXA grew its position in shares of Waste Management by 15.0% during the 2nd quarter. AXA now owns 450,490 shares of the business services provider’s stock valued at $33,044,000 after acquiring an additional 58,630 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Waste Management by 0.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,768,294 shares of the business services provider’s stock valued at $129,703,000 after acquiring an additional 11,668 shares during the period. Finally, Lincoln National Corp grew its position in shares of Waste Management by 0.5% during the 2nd quarter. Lincoln National Corp now owns 4,404 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

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Waste Management Company Profile

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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