Waste Management (WM) Releases FY18 Earnings Guidance

Waste Management (NYSE:WM) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.97-4.05 for the period, compared to the Thomson Reuters consensus estimate of $3.68.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Waste Management from a buy rating to a hold rating in a research report on Saturday, January 13th. Stifel Nicolaus restated a buy rating and set a $100.00 target price on shares of Waste Management in a research report on Thursday, January 4th. Macquarie upgraded shares of Waste Management from a neutral rating to an outperform rating in a research report on Wednesday, January 3rd. Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the company a buy rating in a research report on Monday, October 30th. Finally, Oppenheimer upped their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an outperform rating in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $86.00.

Shares of Waste Management (WM) opened at $85.98 on Thursday. 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 cap of $35,080.32, a PE ratio of 26.65, a PEG ratio of 2.27 and a beta of 0.70. Waste Management has a 1 year low of $69.55 and a 1 year high of $89.73.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. sell-side analysts anticipate that Waste Management will post 3.2 earnings per share for the current fiscal year.

Waste Management announced that its board has authorized a share buyback program on Thursday, December 14th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Patrick W. Gross sold 387 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total value of $34,172.10. Following the sale, the director now directly owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 0.19% 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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