Media headlines about Waste Management (NYSE:WM) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Waste Management earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 79 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Analysts Expect Waste Management, Inc. (NYSE:WM) Will Post Quarterly Sales of $3.72 Billion (americanbankingnews.com)
- Advance Auto Parts Becomes #181 Most Shorted S&P 500 Component, Replacing Waste Management (marketnewsvideo.com)
- Tale of the Ticker: Waste Management Inc (WM) Moves on Volume – Evergreen Caller (evergreencaller.com)
- Waste Management, Inc. (WM) 5.27% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Waste Management, Inc. (WM) Investment Decreased by Norges Bank – Modern Readers (modernreaders.com)
Shares of Waste Management (NYSE WM) traded down 0.27% during midday trading on Friday, hitting $74.61. 958,391 shares of the stock traded hands. The stock has a 50 day moving average of $74.49 and a 200 day moving average of $72.86. The company has a market capitalization of $32.83 billion, a P/E ratio of 25.55 and a beta of 0.71. Waste Management has a 1-year low of $61.08 and a 1-year high of $76.00.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Waste Management will post $3.19 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on WM. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. KeyCorp boosted their target price on shares of Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Finally, Credit Suisse Group boosted their target price on shares of Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $75.51.
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In other news, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $72.25, for a total transaction of $252,875.00. Following the transaction, the chief executive officer now owns 154,662 shares of the company’s stock, valued at approximately $11,174,329.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Pope sold 453 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total value of $33,694.14. Following the transaction, the director now directly owns 51,470 shares in the company, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,940 shares of company stock worth $575,603 in the last ninety days. Insiders own 0.19% of the company’s stock.
About Waste Management
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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