Waste Management (NYSE:WM) Earning Somewhat Positive Media Coverage, Study Shows
Media stories about Waste Management (NYSE:WM) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Waste Management earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.2574582204743 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Analysts Expect Waste Management, Inc. (NYSE:WM) Will Post Quarterly Sales of $3.72 Billion (americanbankingnews.com)
- Advance Auto Parts Becomes #181 Most Shorted S&P 500 Component, Replacing Waste Management (marketnewsvideo.com)
- Tale of the Ticker: Waste Management Inc (WM) Moves on Volume – Evergreen Caller (evergreencaller.com)
- Waste Management, Inc. (WM) 5.27% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Waste Management, Inc. (WM) Investment Decreased by Norges Bank – Modern Readers (modernreaders.com)
Shares of Waste Management (NYSE WM) opened at 75.55 on Tuesday. The firm has a market cap of $33.24 billion, a P/E ratio of 25.87 and a beta of 0.71. Waste Management has a 12 month low of $61.08 and a 12 month high of $76.00. The company’s 50-day moving average price is $74.55 and its 200-day moving average price is $72.95.
Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business earned $0.74 EPS. Waste Management’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Waste Management will post $3.19 EPS for the current year.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets assumed coverage on Waste Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 target price on the stock. Credit Suisse Group upped their target price on Waste Management from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. upped their target price on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Waste Management presently has a consensus rating of “Hold” and an average price target of $75.51.
In related news, Director Patrick W. Gross sold 487 shares of Waste Management stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the transaction, the director now directly owns 23,222 shares in the company, valued at approximately $1,734,218.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Pope sold 453 shares of Waste Management stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the completion of the transaction, the director now owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. Insiders sold a total of 4,440 shares of company stock valued at $322,728 over the last quarter. 0.19% of the stock is owned by company insiders.
About Waste Management
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.
Receive News & Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.