Waste Management (WM) was Initiated by BofA/Merrill to “Neutral”. BofA/Merrill advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on Waste Management. Waste Management was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Company shares were Reiterated by Barclays on Feb 23, 2016 to “Overweight”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .
On the company’s financial health, Waste Management reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.68. The company had revenue of $3246.00 million for the quarter, compared to analysts expectations of $3289.21 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Waste Management opened for trading at $56.32 and hit $56.62 on the upside on Friday, eventually ending the session at $56.39, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 28,10,796 shares. Company has a market cap of $25,130 M.
In a different news, on Mar 10, 2016, James C Jr Fish (EVP, Chief Financial Officer) sold 562 shares at $57.76 per share price. According to the SEC, on Mar 10, 2016, Don P Carpenter (VP & Chief Acctg Officer) sold 619 shares at $57.71 per share price. On Mar 10, 2016, Devina A Rankin (VP & Treasurer) sold 378 shares at $57.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Waste Management Inc. is a holding company. The Company through its subsidiaries provides waste management environmental services. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection transfer recycling and resource recovery and disposal services. The Company develops operates and owns landfill gas-to-energy facilities in the United States. The Company’s segments include Tier 1 which comprises areas in the Southern United States; Tier 2 which comprises areas located in the Midwest and Northeast United States and Tier 3 which encompasses the remaining areas including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate compact and transport waste.