Market Update (NYSE:WM): Waste Management Hosts Sixth Annual Executive Sustainability Forum

[Business Wire] – Waste Management will host hundreds of corporate leaders from global companies, representatives from municipalities across the country, experts, innovators and influencers, on Feb. Read more on this. Waste Management, Inc. (WM) , valued at $23.56B, opened at $52.45. During today’s session, WM traded between $52.44 to $53.05 with a trailing 52-week range being $45.86 to $55.93. WM shares are currently priced at 20.49x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.60x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.54 per share annually in dividends, yielding 2.89%. According to a consensus of 12 analysts, the earnings estimate of $0.68 per share would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.57 would be a $0.09 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.30 Billion. If reported, that would be a 4.07% decrease over the year-ago quarter. More recently, JP Morgan Initiated WM at Neutral (Dec 17, 2015). Previously, Credit Suisse Initiated WM at to Outperform. The average price target for WM shares by the analysts covering the stock is $58.63, which is 11.78% above where the stock opened this morning. See more in (NYSE:WM) Similar Articles: Stock Update: Waste Management Inc (NYSE:WM) – Waste Management, Inc. Elects Kathleen M. Mazzarella to Board of Directors Stock Update: Waste Management Inc (NYSE:WM) – Waste Management Sets Date for Third Quarter Earnings Release Conference Call Stock Update: Waste Management Inc (NYSE:WM) – Waste Management Announces Second Quarter Earnings