Scotiabank Forecasts Increased Earnings for Waste Management

Waste Management, Inc. (NYSE:WM) – Equities research analysts at Scotiabank boosted their FY2026 EPS estimates for Waste Management in a note issued to investors on Thursday, July 23rd. Scotiabank analyst K. Gupta now expects that the business services provider will post earnings of $8.08 per share for the year, up from their prior estimate of $8.05. Scotiabank has a “Sector Perform” rating and a $260.00 price target on the stock. The consensus estimate for Waste Management’s current full-year earnings is $8.16 per share. Scotiabank also issued estimates for Waste Management’s FY2027 earnings at $9.17 EPS.

Several other equities research analysts have also commented on the company. Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Robert W. Baird lifted their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada boosted their target price on Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Oppenheimer cut their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $256.74.

Waste Management Trading Up 0.0%

Shares of WM opened at $238.86 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $95.92 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.90 and a beta of 0.44. The stock’s fifty day simple moving average is $224.17 and its 200 day simple moving average is $227.13. Waste Management has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management (NYSE:WM) last posted its quarterly earnings results 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. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $1.67 earnings per share. Waste Management’s revenue was up 3.5% on a year-over-year basis.

Institutional Investors Weigh In On Waste Management

Several hedge funds have recently modified their holdings of WM. Norges Bank purchased a new stake in shares of Waste Management during the fourth quarter worth about $1,022,916,000. Corient Private Wealth LLC lifted its stake in shares of Waste Management by 279.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after acquiring an additional 792,037 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in Waste Management by 23,051.5% in the first quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after purchasing an additional 767,615 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Waste Management by 3,209.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after purchasing an additional 660,776 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after purchasing an additional 553,605 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Dividend Announcement

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

Waste Management News Summary

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

• Positive Sentiment: Analysts expect WM to report higher revenue and earnings, supported by stronger collection and disposal pricing plus a sharp increase in renewable energy sales. WM Is Set to Report Q2 Earnings: Here’s What Investors Should Know
• Positive Sentiment: WM was highlighted as a stock that can benefit from inflation because its contracts allow it to pass rising costs through to customers, which supports margins and earnings resilience. 2 Stocks Built to Thrive If Inflation Refuses to Fade
• Positive Sentiment: The company was also cited as one of several waste firms using AI to improve efficiency and expand margins, reinforcing the long-term growth narrative. 3 Waste Stocks Turning AI Investments Into Growth
• Neutral Sentiment: Several articles published ahead of earnings focused on Wall Street estimates and key operating metrics, suggesting investors are mainly waiting for the actual Q2 report before making a bigger move. Curious about Waste Management (WM) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: One broad S&P 500 article mentioned WM among companies worth investigating, but it did not provide a specific new catalyst for the stock. 1 S&P 500 Stock Worth Investigating and 2 Facing Challenges

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.