Scotiabank Predicts Increased Earnings for Waste Management

Waste Management, Inc. (NYSE:WM) – Scotiabank increased their FY2026 earnings per share estimates for shares of Waste Management in a note issued to investors on Thursday, July 23rd. Scotiabank analyst K. Gupta now anticipates that the business services provider will earn $8.08 per share for the year, up from their prior estimate of $8.05. 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 $8.16 per share. Scotiabank also issued estimates for Waste Management’s FY2027 earnings at $9.17 EPS.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the business posted $1.67 earnings per share. Waste Management’s revenue was up 3.5% compared to the same quarter last year.

A number of other analysts have also recently commented on WM. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Barclays raised their price target on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup lifted their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Robert W. Baird upped their price objective on shares of Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada raised their target price on shares of Waste Management from $235.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $256.74.

Waste Management Stock Down 0.3%

Shares of NYSE:WM opened at $238.09 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management has a 52-week low of $194.11 and a 52-week high of $248.13. The stock’s fifty day simple moving average is $224.48 and its 200-day simple moving average is $227.26. The company has a market capitalization of $95.61 billion, a P/E ratio of 34.46, a P/E/G ratio of 2.90 and a beta of 0.44.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.945 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is currently 54.70%.

Hedge Funds Weigh In On Waste Management

A number of hedge funds have recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. boosted its holdings in Waste Management by 2.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 1,588 shares of the business services provider’s stock worth $349,000 after acquiring an additional 44 shares during the period. Bey Douglas LLC grew its stake in Waste Management by 3.7% in the fourth quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after purchasing an additional 44 shares in the last quarter. San Luis Wealth Advisors LLC lifted its holdings in Waste Management by 2.4% during the 4th quarter. San Luis Wealth Advisors LLC now owns 1,922 shares of the business services provider’s stock worth $422,000 after buying an additional 45 shares during the last quarter. Birch Hill Investment Advisors LLC grew its position in shares of Waste Management by 0.7% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,104 shares of the business services provider’s stock worth $1,341,000 after acquiring an additional 45 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of Waste Management by 1.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.