Scotiabank Has Pessimistic Opinion of WM FY2026 Earnings

Waste Management, Inc. (NYSE:WM) – Equities researchers at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Waste Management in a research report issued on Monday, November 2nd. Scotiabank analyst K. Gupta now expects that the business services provider will post earnings of $8.12 per share for the year, down from their prior forecast of $8.15. Scotiabank has a “Sector Perform” rating and a $260.00 price target on the stock. The consensus estimate for Waste Management’s current full-year earnings is $8.05 per share. Scotiabank also issued estimates for Waste Management’s FY2027 earnings at $9.10 EPS.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Tuesday, October 27th. The business services provider reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.03). The business had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.81 billion. Waste Management had a net margin of 11.78% and a return on equity of 31.97%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 earnings per share.

A number of other equities analysts have also recently commented on WM. Raymond James Financial set a $251.00 target price on shares of Waste Management in a research report on Thursday, October 29th. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. BNP Paribas Exane decreased their price objective on Waste Management from $248.00 to $245.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Canadian Imperial Bank of Commerce lowered their target price on Waste Management from $250.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Finally, Citigroup increased their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.89.

Waste Management Price Performance

Shares of Waste Management stock opened at $241.41 on Friday. Waste Management has a 52-week low of $197.47 and a 52-week high of $248.13. The stock has a market capitalization of $96.00 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. The company has a fifty day moving average of $219.02 and a 200-day moving average of $225.51. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.78 and a current ratio of 0.82.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.9450 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.78 annualized dividend and a yield of 1.6%. Waste Management’s dividend payout ratio is presently 49.61%.

Insiders Place Their Bets

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 shares were sold at an average price of $219.90, for a total value of $300,163.50. Following the sale, the chief accounting officer 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 at the SEC website. 0.18% of the stock is owned by insiders.

Institutional Trading of Waste Management

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Waste Management by 1.8% in the 2nd quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after acquiring an additional 535,079 shares during the period. State Street Corp lifted its stake in shares of Waste Management by 2.9% during the 2nd quarter. State Street Corp now owns 18,008,931 shares of the business services provider’s stock worth $4,013,831,000 after purchasing an additional 507,209 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Waste Management by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,121,427 shares of the business services provider’s stock worth $695,704,000 after purchasing an additional 35,322 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Waste Management by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,320,966 shares of the business services provider’s stock valued at $533,340,000 after purchasing an additional 26,847 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Waste Management by 8.2% during the second quarter. Deutsche Bank AG now owns 2,207,477 shares of the business services provider’s stock valued at $492,002,000 after purchasing an additional 166,458 shares in the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

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.