Waste Management (NYSE:WM) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.28-4.38 for the period, compared to the Thomson Reuters consensus estimate of $4.29.

A number of brokerages have recently issued reports on WM. Oppenheimer reaffirmed a market perform rating on shares of Waste Management in a report on Thursday, July 18th. UBS Group reaffirmed a hold rating on shares of Deutsche Bank in a report on Thursday, April 4th. Royal Bank of Canada set a €67.00 ($77.91) price target on Daimler and gave the company a buy rating in a report on Monday, June 3rd. Argus upped their price target on Waste Management from $110.00 to $115.00 and gave the company a buy rating in a report on Friday, April 26th. Finally, CIBC reaffirmed a hold rating and set a $2.50 price target on shares of Advantage Oil & Gas in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $111.67.

WM stock traded up $1.78 during trading on Friday, reaching $118.50. The stock had a trading volume of 1,845,585 shares, compared to its average volume of 1,562,221. Waste Management has a 52 week low of $83.22 and a 52 week high of $118.89. The firm’s 50 day moving average is $116.05. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.70. The company has a market capitalization of $50.33 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.20 and a beta of 0.62.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. Waste Management’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that Waste Management will post 4.31 EPS for the current fiscal year.

In related news, EVP John J. Morris sold 42,795 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the completion of the sale, the executive vice president now owns 101,332 shares in the company, valued at $10,779,698.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Watson sold 700 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total value of $73,185.00. Following the sale, the vice president now owns 9,518 shares of the company’s stock, valued at approximately $995,106.90. The disclosure for this sale can be found here. Insiders sold 128,098 shares of company stock worth $14,483,420 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

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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Earnings History and Estimates for Waste Management (NYSE:WM)

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