Trading Report: The Q1 2018 EPS Estimates for Waste Management Inc. Decreased by Wedbush (WM)

The Q1 2018 EPS Estimates for Waste Management Inc. Decreased by Wedbush (WM)

Waste Management Inc. (NYSE:WM) – Equities researchers at Wedbush decreased their Q1 2018 earnings per share (EPS) estimates for shares of Waste Management in a research note issued to investors on Thursday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will earn $0.74 per share for the quarter, down from their prior forecast of $0.75. Wedbush currently has a “Neutral” rating and a $68.00 target price on the stock. Wedbush also issued estimates for Waste Management’s Q3 2018 earnings at $0.94 EPS, FY2019 earnings at $3.61 EPS and FY2020 earnings at $3.77 EPS.

A number of other research analysts have also recently weighed in on the stock. Argus reiterated a “buy” rating and set a $72.00 price objective on shares of Waste Management in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Friday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective (up previously from $70.00) on shares of Waste Management in a research report on Monday, July 18th. Barclays PLC cut shares of Waste Management from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $66.00 to $70.00 in a research report on Tuesday, August 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Waste Management in a research report on Thursday, July 14th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Hold” and a consensus target price of $66.77.

Shares of Waste Management (NYSE:WM) traded up 0.29% on Friday, reaching $61.88. 1,865,278 shares of the company were exchanged. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 24.18 and a beta of 0.62. Waste Management has a 52 week low of $50.36 and a 52 week high of $70.50. The company’s 50-day moving average is $63.41 and its 200-day moving average is $62.78.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Waste Management had a net margin of 8.73% and a return on equity of 23.48%. The company earned $3.43 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the company posted $0.67 EPS. Waste Management’s revenue was up 3.3% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in WM. Alexandria Capital LLC raised its stake in Waste Management by 2.7% in the second quarter. Alexandria Capital LLC now owns 1,583 shares of the company’s stock valued at $105,000 after buying an additional 41 shares during the last quarter. Hudock Capital Group LLC raised its stake in Waste Management by 0.6% in the second quarter. Hudock Capital Group LLC now owns 1,715 shares of the company’s stock valued at $113,000 after buying an additional 11 shares during the last quarter. Cribstone Capital Management LLC purchased a new stake in Waste Management during the second quarter valued at approximately $132,000. Financial Architects Inc raised its stake in Waste Management by 0.8% in the second quarter. Financial Architects Inc now owns 2,003 shares of the company’s stock valued at $132,000 after buying an additional 16 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in Waste Management by 320.0% in the second quarter. Chicago Partners Investment Group LLC now owns 2,100 shares of the company’s stock valued at $139,000 after buying an additional 1,600 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

In other Waste Management news, VP Don P. Carpenter sold 1,634 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $66.13, for a total transaction of $108,056.42. Following the completion of the sale, the vice president now directly owns 19,865 shares of the company’s stock, valued at $1,313,672.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark E. Schwartz sold 70,496 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $65.89, for a total transaction of $4,644,981.44. Following the sale, the vice president now directly owns 67,117 shares of the company’s stock, valued at $4,422,339.13. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Wednesday, September 7th. Waste Management’s dividend payout ratio (DPR) is presently 63.81%.

Waste Management Company Profile

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