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Market Update (NYSE:WM): Waste Management Sets Date for Fourth Quarter and Full-Year Earnings Release Conference Call

[Business Wire] – Waste Management, Inc. announced that it will release fourth quarter and full-year 2015 financial results before the opening of the market on Thursday, February 18, 2016. Read more on this. Waste Management, Inc. (WM) , valued at $23.75B, began trading this morning at $52.97. Looking at the stock, its one day range is $52.66 to $53.32 and has traded between $45.86 and $55.93 over the past year. WM shares are currently priced at 20.49x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.52x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.54 per share annually in dividends, yielding 2.94%. Consensus earnings for the current quarter by the 12 sell-side analysts covering the stock is an estimate of $0.68 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $2.57, which would be a $0.09 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.30 Billion. If realized, that would be a 4.07% decrease over the year-ago quarter. In terms of ratings, JP Morgan Initiated WM at Neutral (Dec 17, 2015). Previously, Credit Suisse Initiated WM at to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $58.63, which is 10.69% above where the stock opened this morning. See more in (NYSE:WM) Similar Articles: Market Update (NYSE:WM): Waste Management Announces Third Quarter Earnings 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
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