William Blair Boosts Earnings Estimates for Waste Management

Waste Management, Inc. (NYSE:WM) – William Blair upped their Q3 2025 earnings per share (EPS) estimates for shares of Waste Management in a research note issued to investors on Wednesday, June 25th. William Blair analyst T. Romeo now forecasts that the business services provider will earn $2.17 per share for the quarter, up from their prior forecast of $2.13. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Waste Management’s current full-year earnings is $7.70 per share. William Blair also issued estimates for Waste Management’s Q1 2026 earnings at $1.84 EPS, Q3 2026 earnings at $2.48 EPS, FY2026 earnings at $8.83 EPS and FY2027 earnings at $9.64 EPS.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the firm earned $1.75 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. UBS Group raised their price target on Waste Management from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. BMO Capital Markets raised their price target on Waste Management from $241.00 to $245.00 and gave the stock a “market perform” rating in a research report on Wednesday. Oppenheimer raised their price target on Waste Management from $251.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday. Melius Research raised Waste Management to a “strong-buy” rating and set a $263.00 price target for the company in a research report on Monday, June 9th. Finally, Hsbc Global Res raised Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.00.

Waste Management Stock Performance

NYSE WM opened at $228.14 on Thursday. Waste Management has a 1-year low of $196.59 and a 1-year high of $242.58. The company has a market capitalization of $91.81 billion, a P/E ratio of 34.41, a PEG ratio of 3.00 and a beta of 0.66. The business has a 50 day moving average price of $233.03 and a 200 day moving average price of $224.38. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79.

Hedge Funds Weigh In On Waste Management

Several institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its holdings in shares of Waste Management by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after purchasing an additional 44 shares during the last quarter. Ascent Group LLC boosted its position in shares of Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after buying an additional 44 shares during the period. Insight Wealth Strategies LLC boosted its position in shares of Waste Management by 0.4% during the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after buying an additional 44 shares during the period. McAdam LLC boosted its position in shares of Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after buying an additional 44 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in shares of Waste Management by 0.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock worth $1,366,000 after buying an additional 45 shares during the period. 80.40% of the stock is owned by institutional investors.

Insider Activity at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer now directly owns 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. This represents a 40.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rafael Carrasco sold 674 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president now directly owns 16,542 shares of the company’s stock, valued at $3,917,311.02. This trade represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, June 6th. Waste Management’s dividend payout ratio is currently 49.77%.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.