News coverage about Waste Management (NYSE:WM) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Management earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.3296126913827 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Expect Waste Management, Inc. (WM) to Announce $0.82 EPS (americanbankingnews.com)
- Bill Gates Is Betting On Waste Management, We Figured Out Why – Forbes (forbes.com)
- North America Food Waste Management Market Analysis 2017-2023 – ResearchAndMarkets.com (markets.financialcontent.com)
- The less you take Risk the low you earn : Waste Management, Inc. (WM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Waste Management, Inc. (WM) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
Shares of Waste Management (WM) opened at $86.66 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.80 and a quick ratio of 0.77. The company has a market cap of $37,586.52, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.70. Waste Management has a 1 year low of $70.08 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Waste Management had a return on equity of 25.48% and a net margin of 13.45%. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts anticipate that Waste Management will post 4.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.465 dividend. This is a boost from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.86 annualized dividend and a dividend yield of 2.15%. Waste Management’s payout ratio is presently 42.18%.
Waste Management announced that its board has authorized a stock buyback program on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
A number of research firms have recently weighed in on WM. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Monday, January 8th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $95.00 in a report on Monday, December 11th. Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday, February 16th. UBS Group raised shares of Waste Management from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Finally, Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Ten analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $90.13.
In related news, VP Jeff M. Harris sold 8,820 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $87.80, for a total value of $774,396.00. Following the completion of the transaction, the vice president now directly owns 80,203 shares in the company, valued at $7,041,823.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James C. Fish, Jr. sold 2,159 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $84.08, for a total value of $181,528.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,291 shares of company stock valued at $9,154,833. 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.
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