Waste Management (NYSE:WM) Posts Earnings Results, Misses Estimates By $0.03 EPS

Waste Management (NYSE:WM) posted its quarterly earnings data on Tuesday. The business services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.03), FiscalAI reports. The firm had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis.

Waste Management Trading Down 2.4%

WM opened at $235.31 on Wednesday. Waste Management has a 12 month low of $194.11 and a 12 month high of $248.13. The business’s 50-day moving average price is $217.55 and its 200-day moving average price is $224.98. The company has a market cap of $94.06 billion, a P/E ratio of 33.33 and a beta of 0.42.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.9450 dividend. The ex-dividend date was Friday, September 11th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s payout ratio is currently 53.54%.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: WM reported third-quarter revenue of $6.846 billion, up 6.3% from $6.443 billion a year earlier and above the $6.81 billion analyst consensus. The revenue beat indicates continued demand for the company’s waste collection and environmental services. WM Announces Third Quarter 2026 Earnings
• Positive Sentiment: WM provided an update on its equity buyback plan announced in December 2025. Ongoing repurchases can support earnings per share and signal that management views the company’s shares as an attractive use of capital, although the update did not provide enough detail to assess the size of the latest tranche. WM Equity Buyback Plan Tranche Update
• Neutral Sentiment: Adjusted operating results improved year over year, with adjusted operating income reported at $1.329 billion versus $1.241 billion in the prior-year quarter. However, investors will likely focus on the full earnings release and management’s outlook for margins, volumes and integration-related costs. WM Third Quarter 2026 Earnings
• Negative Sentiment: Third-quarter adjusted earnings were $2.15 per share, below the $2.18 consensus estimate, producing an earnings surprise of negative 1.38%. Although EPS increased from $1.98 a year earlier, the miss may pressure the shares because WM trades at a relatively high P/E ratio of about 33.3. Waste Management Lags Q3 Earnings Estimates

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WM shares. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Canadian Imperial Bank of Commerce cut their price objective on Waste Management from $250.00 to $225.00 and set a “neutral” rating for the company in a report on Thursday, October 8th. Stifel Nicolaus increased their price objective on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley decreased their price objective on Waste Management from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 13th. Finally, Oppenheimer dropped their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.06.

Insider Transactions at Waste Management

In related news, CAO John Carroll sold 1,365 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $219.90, for a total transaction of $300,163.50. Following the transaction, the chief accounting officer directly owned 3,509 shares in the company, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

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.