News stories about Waste Management (NYSE:WM) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Waste Management earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.7280679907391 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Europe Food Waste Management Market Analysis 2017-2023 – Fruits & Vegetables, Cereals, Oilseeds & Pulses, Non-Veg Food, Dairy Products, and Others. – ResearchAndMarkets.com (markets.financialcontent.com)
- Waste Management (WM) Receives New Coverage from Analysts at UBS Group (americanbankingnews.com)
- 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)
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price on shares of Waste Management in a research note on Thursday, January 4th. UBS Group initiated coverage on shares of Waste Management in a research note on Wednesday. They set a “neutral” rating on the stock. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $90.13.
Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Waste Management had a net margin of 13.45% and a return on equity of 25.48%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. analysts anticipate that Waste Management will post 4.04 earnings per share for the current year.
Waste Management announced that its board has approved a stock repurchase program on Thursday, December 14th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.465 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.86 annualized dividend and a yield of 2.15%. This is a positive change from Waste Management’s previous quarterly dividend of $0.43. Waste Management’s payout ratio is presently 32.18%.
In other Waste Management news, VP Jeff M. Harris sold 60,088 shares of Waste Management stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $86.67, for a total value of $5,207,826.96. Following the completion of the transaction, the vice president now directly owns 80,203 shares of the company’s stock, valued at $6,951,194.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James C. Fish, Jr. sold 2,159 shares of Waste Management stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $84.08, for a total transaction of $181,528.72. The disclosure for this sale can be found here. Insiders have sold 106,291 shares of company stock worth $9,154,833 in the last three months. 0.19% of the stock is currently owned by insiders.
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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.
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