Waste Management, Inc. (NYSE:WM) is scheduled to issue its Q416 quarterly earnings data on Thursday, February 16th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $3.42 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Waste Management, Inc. (NYSE:WM) opened at 70.84 on Tuesday. The stock’s 50 day moving average is $69.98 and its 200-day moving average is $66.75. Waste Management, Inc. has a 12 month low of $53.05 and a 12 month high of $71.78. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 28.43 and a beta of 0.70.
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In other news, Director Frank M. Clark sold 433 shares of the stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $69.59, for a total value of $30,132.47. Following the completion of the sale, the director now owns 29,635 shares in the company, valued at $2,062,299.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 466 shares of the stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $69.26, for a total transaction of $32,275.16. Following the completion of the sale, the director now owns 22,643 shares of the company’s stock, valued at approximately $1,568,254.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,332 shares of company stock valued at $92,466. 0.42% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on the stock. Bank of America Corporation upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, October 31st. Barclays PLC upgraded shares of Waste Management from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $63.37 to $70.00 in a research report on Monday, November 7th. Vetr upgraded shares of Waste Management from a “sell” rating to a “hold” rating and set a $72.12 target price on the stock in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Waste Management in a research report on Tuesday, November 1st. They set a “sell” rating and a $63.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.55.
About Waste Management
Waste Management, Inc is a holding company. The Company provides waste management environmental services. The Company’s segments include Solid Waste, which includes its 17 Areas aggregated into three tiers, and Other. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focuses on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services.
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