Jacob Duer, CEO of the Alliance to End Plastic Waste, said on Thursday at CNBC's CONVERGE LIVE event that a lack of waste management infrastructure leads to a significant portion of household waste ending up in the environment, especially in emerging economies.
Waste Management (WM) concluded the recent trading session at $224.21, signifying a -1.56% move from its prior day's close.
The founder of Microsoft, renowned philanthropist Bill Gates, funds his charitable efforts, in large part, through investing in the stock market.
In the most recent trading session, Waste Management (WM) closed at $230.39, indicating a +0.19% shift from the previous trading day.
Waste Management, Inc. (NYSE:WM ) 46th Annual Raymond James Institutional Investor Conference March 3, 2025 1:05 PM ET Company Participants Jim Fish - President & Chief Executive Officer Devina Rankin - Executive Vice President & Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James Tyler Brown For those of who don't know me, I am Tyler Brown. I'm Senior Analyst here at Raymond James.
Explore the key factors influencing WM's performance, sustainability efforts and strategic acquisitions to assess its investment potential.
Waste Management's recent $7.2 billion acquisition of Stericycle and strong financial results make it a high-quality business trading at a decent multiple. Revenue increased by 8% year-over-year, driven by higher pricing and acquisitions, with net income rising 19.4% to $2.75 billion. Management forecasts 2025 revenue to grow by 16.4% and EBITDA to rise significantly, driven by disciplined pricing and organic growth.
Waste Management should benefit from strong pricing, volume recovery, and strategic investments in renewable natural gas and medical waste markets, driving long-term growth. Positive margin outlook due to strong pricing, cost synergies from the Stericycle acquisition, and management's cost reduction initiatives, with automation targeting $450 million in savings. WM stock trades at a discount to peers, with potential upside from conservative EPS estimates and possible valuation re-rating, making it a good buy.
In the latest trading session, Waste Management (WM) closed at $229.61, marking a +0.4% move from the previous day.
Waste Management, Inc. (NYSE:WM ) Global Agriculture and Materials Conference February 26, 2025 10:30 AM ET Company Participants Devina Rankin - Chief Financial Officer Michael Watson - Senior Vice President & Chief Customer Officer Conference Call Participants Michael Feniger - Bank of America Michael Feniger Thank you for joining us, and everyone who is listening in on the web link, thanks for joining us virtually. I'm Michael Feniger, cover machinery, engineering, construction, environmental services for Bank of America.
Investors shouldn't be surprised to see the recent market interest going into defensive areas, especially as call option interest has grown in areas like consumer staples. This theme can be spotted through the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP.
Shares of Waste Management (WM 5.42%) surged on Thursday and were up 5.6% at their highest point in trading during the day through 1:30 p.m. ET.