FY2018 EPS Estimates for Waste Management, Inc. Raised by First Analysis (WM)
Waste Management, Inc. (NYSE:WM) – Equities researchers at First Analysis increased their FY2018 earnings per share (EPS) estimates for shares of Waste Management in a research note issued to investors on Monday. First Analysis analyst C. Greendale now anticipates that the business services provider will earn $3.45 per share for the year, up from their prior forecast of $3.42.
Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 4.7% compared to the same quarter last year.
Shares of Waste Management (WM) traded up $0.17 on Wednesday, hitting $83.32. The stock had a trading volume of 2,469,400 shares, compared to its average volume of 1,682,179. The firm has a market cap of $36,105.08, a P/E ratio of 26.65, a P/E/G ratio of 2.70 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management has a fifty-two week low of $68.84 and a fifty-two week high of $83.93.
Several large investors have recently bought and sold shares of WM. Shine Investment Advisory Services Inc. purchased a new position in Waste Management in the second quarter valued at about $101,000. Bruderman Asset Management LLC purchased a new stake in Waste Management in the 2nd quarter worth approximately $110,000. FTB Advisors Inc. lifted its stake in Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after purchasing an additional 65 shares in the last quarter. First Interstate Bank lifted its stake in Waste Management by 2.4% in the 2nd quarter. First Interstate Bank now owns 1,618 shares of the business services provider’s stock worth $119,000 after purchasing an additional 38 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Waste Management by 25.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the business services provider’s stock worth $124,000 after purchasing an additional 340 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.
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 issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.70 annualized dividend and a yield of 2.04%. Waste Management’s payout ratio is 54.84%.
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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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