Waste Management (WM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.55. The company posted revenue of $3176.00 million in the period, compared to analysts expectations of $3084.63 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Waste Management. Company shares were Reiterated by Imperial Capital on Apr 29, 2016 to “In-line”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Waste Management was Initiated by BofA/Merrill to “Neutral” on Apr 25, 2016. Waste Management was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.
Waste Management closed down -0.13 points or -0.23% at $56.4 with 50,57,301 shares getting traded on Wednesday. Post opening the session at $56.59, the shares hit an intraday low of $56.07 and an intraday high of $56.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.