Waste Management (NYSE:WM – Get Free Report) posted its earnings results on Tuesday. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03), FiscalAI reports. The business had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.81 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%.
Waste Management Trading Down 2.4%
NYSE:WM traded down $5.71 during trading hours on Tuesday, hitting $235.31. The company had a trading volume of 2,903,565 shares, compared to its average volume of 2,198,030. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The company has a 50-day moving average of $216.99 and a 200 day moving average of $224.77. The company has a market cap of $94.06 billion, a P/E ratio of 33.33, a P/E/G ratio of 3.06 and a beta of 0.42. Waste Management has a 1 year low of $194.11 and a 1 year high of $248.13.
Waste Management Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.9450 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. Waste Management’s payout ratio is 53.54%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on WM shares. Oppenheimer decreased their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Barclays boosted their price target on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Wolfe Research began coverage on shares of Waste Management in a research report on Tuesday, September 15th. They set a “peer perform” rating for the company. Stifel Nicolaus upped their price objective on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Citigroup increased their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $256.06.
Check Out Our Latest Stock Report on Waste Management
Insider Activity
In other Waste Management news, CAO John Carroll sold 1,365 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $219.90, for a total value of $300,163.50. Following the completion of the sale, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.
About Waste Management
Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.
WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.
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