Scotiabank Boosts Earnings Estimates for Waste Management

Waste Management, Inc. (NYSE:WM) – Stock analysts at Scotiabank increased their FY2026 EPS estimates for Waste Management in a note issued to investors on Tuesday, August 4th. Scotiabank analyst K. Gupta now forecasts that the business services provider will post earnings per share of $8.15 for the year, up from their previous estimate of $8.08. 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 $8.13 per share.

A number of other analysts have also recently commented on WM. Citigroup upped their target price on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. TD Cowen lifted their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird upped their price objective on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on shares of Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Barclays lifted their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Performance

Shares of WM stock opened at $224.70 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. 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 is $226.06 and its two-hundred day moving average is $227.81. The company has a market capitalization of $89.82 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.77 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm earned $1.92 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. The ex-dividend date was Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio is 53.54%.

Hedge Funds Weigh In On Waste Management

A number of institutional investors have recently added to or reduced their stakes in WM. Elevated Capital Advisors LLC acquired a new position in Waste Management during the fourth quarter worth $25,000. RHL Group LLC purchased a new position in shares of Waste Management during the 4th quarter worth $29,000. Financial Network Wealth Advisors LLC boosted its position in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Waste Management in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

About Waste Management

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.