Erste Group Bank Expects Lower Earnings for Waste Management

Waste Management, Inc. (NYSE:WM) – Research analysts at Erste Group Bank decreased their FY2026 earnings per share estimates for Waste Management in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now anticipates that the business services provider will earn $8.16 per share for the year, down from their prior estimate of $8.17. The consensus estimate for Waste Management’s current full-year earnings is $8.16 per share. Erste Group Bank also issued estimates for Waste Management’s FY2027 earnings at $9.20 EPS.

Other equities research analysts have also issued reports about the stock. Robert W. Baird boosted their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Oppenheimer reduced their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, Citigroup lifted their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $256.70.

Waste Management Price Performance

Waste Management stock opened at $239.50 on Friday. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13. The stock has a market capitalization of $96.18 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The business has a 50 day simple moving average of $222.20 and a 200-day simple moving average of $226.50.

Waste Management (NYSE:WM) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is currently 54.70%.

Hedge Funds Weigh In On Waste Management

Several hedge funds and other institutional investors have recently made changes to their positions in WM. Elevated Capital Advisors LLC acquired a new position in Waste Management during the 4th quarter worth $25,000. RHL Group LLC acquired a new stake in Waste Management in the fourth quarter worth about $29,000. Financial Network Wealth Advisors LLC lifted its holdings in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management in the third quarter valued at approximately $30,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Scotiabank raised Waste Management’s price target to $260 from $250, suggesting continued upside potential despite maintaining a “sector perform” view.
• Positive Sentiment: Analyst commentary highlighted WM’s strong waste collection network, pricing power, and acquisition strategy as supports for growth and margins.
• Neutral Sentiment: Erste Group Bank trimmed its FY2026 EPS estimate to $8.16 from $8.17, a very small revision that matches the current consensus estimate.
• Neutral Sentiment: Erste Group also nudged FY2027 EPS down to $9.20 from $9.23, another modest cut that does not materially change the long-term earnings outlook.
• Negative Sentiment: Analyst notes pointed to WM’s high debt load and slower stock momentum as ongoing concerns that could weigh on investor sentiment.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.