Latest news with #WM
Yahoo
6 days ago
- Business
- Yahoo
Waste Management Stock Outlook: Is Wall Street Bullish or Bearish?
Valued at a market cap of $93.9 billion, Waste Management, Inc. (WM) provides environmental solutions to residential, commercial, industrial, and municipal customers. The Houston, Texas-based company offers waste collection, transfer, recycling, resource recovery, and disposal solutions. It also owns and operates transfer stations and landfill gas-to-energy facilities that generate renewable electricity and natural gas. This waste management company has lagged behind the broader market over the past 52 weeks. Shares of WM have gained 14.7% over this time frame, while the broader S&P 500 Index ($SPX) has surged 20.6%. However, on a YTD basis, the stock is up 15.5%, outshining SPX's 9.6% rise. More News from Barchart Warren Buffett Warns Investing At 'Too-High Purchase Price' Even for 'an Excellent Company' Can Undo a Decade of Smart Investing BitMine Immersion Now Holds 1.15 Million Ethereum Tokens. Should You Buy BMNR Stock Here? Why Archer Aviation's (ACHR) Post-Earnings Tailspin Looks Like a Favorably Mispriced Opportunity Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Narrowing the focus, WM has also underperformed the VanEck Environmental Services ETF's (EVX) 16.2% uptick over the past 52 weeks and 15.6% YTD return. On Jul. 28, WM delivered better-than-expected Q2 results, which led to a 3.4% rise in its share price on the following day. The company's operating revenue improved 19% year-over-year to $6.4 billion, exceeding consensus estimates by 1.4%. Moreover, due to organic revenue growth, continued cost discipline, and an optimized business mix, its adjusted EBITDA grew 18.9% from the year-ago quarter to $1.9 billion, while its adjusted EPS of $1.92 advanced 5.5% annually, topping analyst expectations by 1.6%. For the current fiscal year, ending in December, analysts expect WM's EPS to grow 4.3% year over year to $7.54. The company's earnings surprise history is mixed. It surpassed the consensus estimates in three of the last four quarters, while missing on another occasion. Among the 22 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on 12 'Strong Buy,' one "Moderate Buy," and nine 'Hold' ratings. This configuration is more bullish than three months ago, with 10 analysts suggesting a 'Strong Buy' rating. On Jul. 30, Sabahat Khan from RBC Capital maintained a "Hold" rating on WM with a price target of $234, implying a marginal potential upside from the current levels. The mean price target of $259.76 represents an 11.5% premium from WM's current price levels, while the Street-high price target of $277 suggests an upside potential of 18.9%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
05-08-2025
- Business
- Yahoo
Major waste companies spent $659M on M&A in Q2
This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. In the second quarter, the U.S. solid waste industry's five largest publicly traded companies spent about $659 million on acquisitions. That's down from $1.5 billion in deals announced in the first quarter. The totals include spending reported by WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems. Executives also offered insights on future M&A strategy during recent Q2 earnings calls. Q2 Acquisition Spend WM $363M Republic Services $62M Waste Connections $130.3M GFL Environmental* $32.6M Casella Waste Systems $71.5M Spending totals are net of cash acquired, with some variation in methodology among companies. *GFL figures converted from Canadian to U.S. dollars for comparison purposes, based on Aug. 4 exchange rate. Recaps and outlooks WM is projecting it will spend about $500 million on acquisitions this year, with $366 million spent so far. It acquired WB Waste Solutions in the second quarter, a deal that nets WM additional commercial and industrial density in the mid-Atlantic region. WM also acquired Miller Recycling in Massachusetts in May. President John Morris said he expected "one fairly sizable" deal to close in the second half of the year, and said WM's pipeline remains robust. "We've talked about last year being probably one of our strongest years, and a lot of that is carried over into this year. So we feel good about where we're at this point in the year," he said. After opening the year with the major purchase of Shamrock Environmental, Republic Services' acquisition activity moderated in the second quarter. The company reported spending $888 million on acquisitions in the first half of the year. Notable Q2 acquisitions include Town & Country Sanitation and Peterson Sanitation in Wisconsin. Besides the Shamrock Environmental deal, the company expects acquisitions it made so far this year to contribute about $35 million of annual revenue, CFO Brian DelGhiaccio said. The company plans to continue executing on its pipeline of tuck-in acquisitions. CEO Jon Vander Ark said he doesn't "see any transformational deals in the immediate term." Future deals are expected across recycling, solid waste and environmental services. The company has already had an 'outsized' year of acquisition activity, CEO Ron Mittelstaedt said, with deals representing about $200 million in annualized revenue. About $75 million in annualized revenue came from deals closed in Q2, including an E&P acquisition in Canada, he said. The company acquired 10 solid waste collection and recycling businesses and two E&P businesses in the first six months of the year. That's compared to 14 solid waste and 2 E&P businesses acquired in the same period in 2024. Waste Connections expects to close another $100 million to $200 million in acquisitions later this year, or by early 2026. Mittelstaedt said the company has 'tremendous firepower, both through free cash flow and available capital,' to complete the deals as part of an 'enormous year.' Those deals are expected to be all solid waste deals that are 'well dispersed' across Waste Connections' footprint, including some West Coast franchises and some in 'competitive markets in the South and Midwest and the East,' he said. All financial information in Canadian dollars GFL had a quiet second quarter for M&A, with business acquisitions and investments down nearly 90% year over year. The company completed three tuck-in deals in the quarter in Michigan and Minnesota, and expects the acquisitions it's completed in the first half of 2025 to generate about $105 million in annualized revenue. CEO Patrick Dovigi said the company has been quiet in the first half of 2025 as it works to finalize major deals involving its environmental services segment and Green Infrastructure Partners, its privately held spin-off. Nevertheless, executives still expect to spend $900 million on acquisitions by the year's end. In response to questions, Dovigi also said he didn't expect the Trump administration's more business friendly approach to acquisition activity to have much of an impact on M&A strategy. "For large-scale M&A, I guess in theory the process maybe will get more straightforward and maybe a little less scrutiny, but by and large we've never had an issue getting through the [Hart-Scott-Rodino] process," Dovigi said. Casella has already completed six acquisitions so far this year, which represent about $90 million in annualized revenues. Three of those acquisitions took place in Q2, totaling over $40 million of annualized revenues, said President Ned Coletta. Those acquisitions included a deal in an existing market in Casella's Western region that will allow the company to better consolidate routes, added CEO John Casella. Casella acquired Seyrek Disposal, a small New York hauler, in April. It acquired Gerber's, a commercial hauler in Maryland, in May. Casella is entering the second half of 2025 with an acquisition pipeline of about $500 million in annualized revenue opportunities, executives said. Casella also expects to close on the acquisition of Mountain Waste in Q4, a deal meant to generate about $30 million of annualized revenues. Mountain Waste offers residential, commercial and industrial services throughout West Virginia and parts of Ohio, Pennsylvania and Kentucky. Recommended Reading Top 5 waste companies spent nearly $1.5B on M&A in Q1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Jim Cramer Says Waste Management Earnings Reflect Economic Health
Waste Management, Inc. (NYSE:WM) is one of the stocks Jim Cramer recently talked about. Cramer was quite positive on the company's earnings as he said: 'Last night, we got an excellent quarter from WM, the garbage disposal operation/provider of comprehensive environmental solutions, formerly known as Waste Management. This company delivered a healthy top and bottom line beat, driven by strength in the core business, along with mostly positive guidance. That's why the stock jumped more than 3% today… This one's important because the garbage business can actually give you a great read on the economy.' Image by Sergei Tokmakov, Esq. from Pixabay Waste Management (NYSE:WM) provides waste collection, recycling, and disposal services, including landfill gas-to-energy operations and renewable material processing. The company also delivers specialized waste solutions, compliance services, and secure information destruction. Cramer called the company stock a 'super strong buy' in a March episode, as he said: 'No, I think it is a super strong buy, a lifetime, super strong buy. I'm a buyer right here and every time I've ever sold that, it has been wrong.' While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CNBC
30-07-2025
- Business
- CNBC
WM CEO Jim Fish: Investors should look at WM as a stock to buy and hold indefinitely
WM CEO Jim Fish joins 'Mad Money' host Jim Cramer to talk quarterly results, the state of the economy, and more.
Yahoo
28-07-2025
- Business
- Yahoo
Waste Management beats quarterly estimates on higher pricing
(Reuters) -Waste Management beat second-quarter profit and revenue estimates on Monday, aided by higher pricing and steady demand for garbage collection and disposal. WM, which collects and transfers trash to company landfills and recycles it into energy, has benefited from the use of automation, cutting labor costs and boosting efficiency. Alongside municipal waste departments, WM and Republic Services are two major companies that lead garbage collection across significant regions of the United States. The company posted a quarterly profit of $1.92 per share, above analysts' average expectations of $1.90 per share, according to data compiled by LSEG. Its total revenue for the quarter ended June 30 came in at $6.43 billion. Analysts expected revenue of $6.36 billion. Shares of the Houston, Texas-based company rose marginally after the bell.
