Market Update: Waste Management Inc (NYSE:WM) – Waste Management Announces Cash Dividend

[Business Wire] – Waste Management, Inc. today announced the declaration of a quarterly cash dividend of $0.41 per share payable June 17, 2016 to stockholders of record on June 3, 2016. Read more on this. Waste Management, Inc. (WM) , with a current value of $27.24B, began trading this morning at $61.30. Looking at the equity, the company’s one day range is $61.07 to $61.55 with a one year range of $45.86 to $61.55. WM shares are currently priced at 21.86x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.60x earnings multiple for the same period. The company pays shareholders $1.64 per share annually in dividends, yielding 2.68%. According to a consensus of 12 analysts, the earnings estimate of $0.71 per share would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $2.80 is a $0.19 better 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. When considering if the stock is under or overvalued, the average price target is $62.73, which is 2.33% above where the stock 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 Inc. of Florida Completes Acquisition of Southern Waste Systems/Sun Recycling
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