Brokerages expect Waste Management, Inc. (NYSE:WM) to report $3.56 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Waste Management’s earnings. The lowest sales estimate is $3.51 billion and the highest is $3.64 billion. Waste Management posted sales of $3.46 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 15th.

On average, analysts expect that Waste Management will report full year sales of $3.56 billion for the current fiscal year, with estimates ranging from $14.35 billion to $14.47 billion. For the next financial year, analysts anticipate that the business will report sales of $14.83 billion per share, with estimates ranging from $14.62 billion to $15.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Waste Management.

Several brokerages have weighed in on WM. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. BMO Capital Markets raised their price objective on shares of Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Saturday. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $95.00 in a report on Monday, December 11th. Finally, KeyCorp reissued a “buy” rating and set a $88.00 price objective on shares of Waste Management in a report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.00.

Shares of Waste Management (WM) traded up $0.22 during mid-day trading on Thursday, reaching $80.79. 2,689,877 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. The firm has a market cap of $35,080.00, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.25 and a beta of 0.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. Waste Management has a 52 week low of $69.55 and a 52 week high of $89.73.

Waste Management declared that its Board of Directors has authorized a stock buyback program on Thursday, December 14th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patrick W. Gross sold 387 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total transaction of $34,172.10. Following the completion of the transaction, the director now owns 30,673 shares in the company, valued at $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Atlantic Trust LLC lifted its position in Waste Management by 7.6% in the 2nd quarter. Atlantic Trust LLC now owns 3,820 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 270 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Waste Management in the 2nd quarter valued at about $182,000. MHI Funds LLC bought a new stake in Waste Management in the 4th quarter valued at about $184,000. Horan Capital Advisors LLC. bought a new stake in Waste Management in the 3rd quarter valued at about $186,000. Finally, Cerebellum GP LLC bought a new stake in Waste Management in the 4th quarter valued at about $186,000. Institutional investors own 75.33% of the company’s stock.

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Waste Management Company Profile

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

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