Market Update (NYSE:WM): Waste Management Inc. of Florida Completes Acquisition of Southern Waste Systems/Sun Recycling

[Business Wire] – Waste Management Inc. of Florida today announced that it has completed its acquisition of certain business assets of Southern Waste Systems /Sun Recycling in Miami-Dade, Broward, Palm Beach, Martin and St. Read more on this. Waste Management, Inc. (WM) , with a current value of $23.37B, opened at $52.69. Looking at the stock, its one day range is $52.23 to $53.15 with a one year range of $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 17.52x earnings multiple. The company pays shareholders $1.54 per share in dividend income per year, for a current yield of 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 better 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. In terms of ratings, JP Morgan Initiated WM at Neutral (Dec 17, 2015). Previously, Credit Suisse Initiated WM at to Outperform. Given all the information above, we should disclose to readers that the average price target is $58.63, which is 11.27% above than it 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