Brokerages predict that Waste Management (NYSE:WM) will post $3.55 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Waste Management’s earnings. The lowest sales estimate is $3.54 billion and the highest is $3.57 billion. Waste Management reported sales of $3.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to issue its next earnings report before the market opens on Friday, April 20th.
On average, analysts expect that Waste Management will report full year sales of $15.06 billion for the current year, with estimates ranging from $14.95 billion to $15.13 billion. For the next fiscal year, analysts anticipate that the company will post sales of $15.61 billion per share, with estimates ranging from $15.55 billion to $15.73 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Waste Management.
Waste Management (NYSE:WM) last released its quarterly earnings results on Friday, April 20th. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share.
In related news, SVP Nikolaj H. Sjoqvist sold 307 shares of the business’s stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $84.76, for a total transaction of $26,021.32. Following the completion of the sale, the senior vice president now directly owns 18,756 shares of the company’s stock, valued at $1,589,758.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jeff M. Harris sold 60,088 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $86.67, for a total transaction of $5,207,826.96. Following the sale, the vice president now directly owns 80,203 shares of the company’s stock, valued at $6,951,194.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,211 shares of company stock valued at $9,146,683. 0.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of WM. MHI Funds LLC bought a new stake in shares of Waste Management during the fourth quarter worth approximately $184,000. Cerebellum GP LLC bought a new stake in Waste Management in the fourth quarter valued at approximately $186,000. FTB Advisors Inc. increased its stake in Waste Management by 44.2% in the fourth quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock valued at $197,000 after purchasing an additional 700 shares in the last quarter. Gradient Investments LLC bought a new stake in Waste Management in the fourth quarter valued at approximately $197,000. Finally, WealthPLAN Partners LLC bought a new stake in Waste Management in the fourth quarter valued at approximately $201,000. 76.72% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE WM traded up $1.23 during trading on Tuesday, reaching $83.85. The company had a trading volume of 490,283 shares, compared to its average volume of 2,356,463. Waste Management has a 52 week low of $70.08 and a 52 week high of $89.73. The company has a market cap of $36,276.82, a PE ratio of 25.66, a P/E/G ratio of 1.90 and a beta of 0.70. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.45.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, March 8th. Waste Management’s payout ratio is 57.76%.
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Waste Management Company Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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