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Market Update (NYSE:WM): Waste Management Sets Date for Second Quarter Earnings Release Conference Call

[Business Wire] – Waste Management, Inc. announced that it will release second quarter 2016 financial results before the opening of the market on Wednesday, July 27, 2016. Following the release, Waste Management will host its investor conference call at 10:00 a.m. Read more on this. Waste Management, Inc. (WM) , with a current market cap of $29.86B, started trading this morning at $67.15. Today’s price range has been between $66.25 and $67.37 per share and has traded between $47.07 and $70.50 over the past 12 months. Priced at 23.87x this year’s forecasted earnings, WM shares are relatively expensive compared to the industry’s 13.33x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $0.71 per share, which would be $0.04 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.81 is a $0.20 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.40 Billion. If reported, that would be a 2.41% increase over the year-ago quarter. In terms of ratings, BofA/Merrill Initiated WM at Neutral (Apr 25, 2016). Previously, Sterne Agee CRT Initiated WM at to Neutral. Given all the information above, we should disclose to readers that the average price target is $66.33, which is 1.22% below than it opened this morning. See more in (NYSE:WM) Similar Articles: Market Update: Waste Management Inc (NYSE:WM) – Waste Management Announces First Quarter Earnings Stock Update: Waste Management Inc (NYSE:WM) – Waste Management Announces Fourth Quarter and Full-Year 2015 Earnings Market Update (NYSE:WM): Waste Management Sets Date for Fourth Quarter and Full-Year Earnings Release Conference Call
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