Explore WM's strong industry position, reliable dividends and upcoming acquisition for an informed investment decision.
In the latest trading session, Waste Management (WM) closed at $209.31, marking a +0.05% move from the previous day.
The market is getting close to another all-time high, looking for alpha stocks with downside protection is my goal in times like these. Utilities and waste removal are some of the most resilient businesses that exist. Outside of shares donated to the Bill and Melinda Gates foundation, Waste Management remains their #1 pick since 2002 for a company where the shares were not gifted into the trust.
Waste Management's bottom line missed estimates during the second quarter. But WM returns massive value to shareholders through share buybacks and dividends.
Waste Management provides environmental solutions in the US and Canada. Using a dividend discount model and price multiples, WM's stock appears marginally overvalued. These methods, however, don't account for future share repurchases and the potentially improving interest rate environment. Despite recent earnings miss, WM's growth and investments in renewable projects make it a good long-term investment. Rating updated to "buy".
One year ago, I became bullish on Waste Management, which has since outperformed the S&P 500, proving its strength despite being in a non-tech industry. WM's strong fundamentals, driven by technology and pricing strategies, along with strategic acquisitions like Stericycle, offer robust long-term growth potential. Despite a recent sell-off and high valuation, WM remains a stable dividend grower. I'll wait for a further price correction before making it a core portfolio position.
Waste Management's (WM) second-quarter 2024 earnings and revenues rise year over year.
WM missed top- and bottom-line expectations for the quarter. The company used pricing power to drive revenue gains, but volumes are a worrisome sign.
Although the revenue and EPS for Waste Management (WM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Waste Management (WM) came out with quarterly earnings of $1.82 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.51 per share a year ago.
Waste Management (WM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Waste Management's (WM) second-quarter 2024 top line is likely to have benefited from strong organic growth.