Waste Management, Inc. (NYSE:WM) - Investment analysts at Oppenheimer Holdings upped their FY2017 earnings per share (EPS) estimates for Waste Management in a report issued on Thursday. Oppenheimer Holdings analyst N. Kaye now anticipates that the business services provider will earn $3.18 per share for the year, up from their prior forecast of $3.16. Oppenheimer Holdings has a “Outperform” rating and a $82.00 price target on the stock. Oppenheimer Holdings also issued estimates for Waste Management’s FY2018 earnings at $3.50 EPS.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets assumed coverage on Waste Management in a report on Thursday, June 29th. They set an “outperform” rating and a $81.00 target price on the stock. Stifel Nicolaus raised their target price on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group raised their target price on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $74.94.
Shares of Waste Management (NYSE:WM) opened at 74.80 on Friday. The stock has a market cap of $33.06 billion, a P/E ratio of 27.29 and a beta of 0.71. The stock has a 50 day moving average price of $74.00 and a 200 day moving average price of $72.48. Waste Management has a 12 month low of $61.08 and a 12 month high of $76.00.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year.
In other news, Director John C. Pope sold 453 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the sale, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total value of $252,665.00. Following the completion of the sale, the chief executive officer now directly owns 151,162 shares in the company, valued at $10,912,384.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,940 shares of company stock worth $575,603. 0.19% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of WM. Ingalls & Snyder LLC increased its stake in shares of Waste Management by 5.7% in the second quarter. Ingalls & Snyder LLC now owns 27,641 shares of the business services provider’s stock valued at $2,027,000 after buying an additional 1,491 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of Waste Management by 6.5% in the second quarter. Telos Capital Management Inc. now owns 18,389 shares of the business services provider’s stock valued at $1,349,000 after buying an additional 1,117 shares in the last quarter. Nwam LLC acquired a new stake in shares of Waste Management during the second quarter valued at about $447,000. CIBC Asset Management Inc increased its stake in shares of Waste Management by 1.3% in the second quarter. CIBC Asset Management Inc now owns 45,039 shares of the business services provider’s stock valued at $3,304,000 after buying an additional 569 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of Waste Management by 0.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 11,006 shares of the business services provider’s stock valued at $807,000 after buying an additional 56 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.
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.
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