Waste Management, Inc.’s Stock Price Dips to $199.92, Recording a Decline of 8.03%

Waste Management, Inc. (WM)

199.92 USD -17.46 (-8.03%) Volume: 3.35M

Waste Management, Inc.’s stock price stands at 199.92 USD, experiencing a trading session drop of -8.03%, amidst a trading volume of 3.35M. Despite the temporary dip, WM’s stock retains a positive YTD increase of +11.62%, showcasing its resilience in the market.

Latest developments on Waste Management, Inc.

Waste Management stock price is experiencing a decline today following disappointing earnings results. Despite strong M&A activity and a core price increase of 6.8 percent, Waste Management missed EPS estimates for Q2 2024, with revenue reaching $5.402 billion. This news comes amidst a flurry of waste management-related developments, including a Wisconsin company being fined for OSHA violations, Auglaize SWMD expanding hazardous waste services, and Macon-Bibb County’s ongoing battle against illegal dumping. With Waste Management insiders selling $26 million worth of shares and the company’s Q2 results falling short of expectations, investors are closely monitoring the stock’s movements.

Waste Management, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided coverage on Waste Management Inc., highlighting the company’s competitive edge through exclusive landfill assets and 5 key growth drivers. Waste Management, Inc. saw a 15% increase in fourth quarter operating EBITDA, exceeding full-year guidance ranges. The company’s robust financial performance in Q1 2024 was driven by outstanding operational performance in the collection and disposal business, with a 15% growth in operating EBITDA and expanded margins.

Another report by Baptista Research on Smartkarma delves into the potential negative impacts of inflation and changing dynamics of sustainability-related capital expenditures on Waste Management Inc. Despite the company’s strong performance in 2023, with a 15% increase in fourth quarter operating EBITDA, there are still risks ahead due to uncertain economic conditions. Analysts warn of challenges that may arise from these factors, indicating a need for careful monitoring and strategic planning by Waste Management Inc.

A look at Waste Management, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Waste Management, Inc. has a mixed outlook according to Smartkarma Smart Scores. While the company has strong momentum, indicating positive market sentiment, its value and resilience scores are lower. This suggests that investors may need to carefully consider the company’s financial health and stability in the long term. With moderate scores for growth and dividends, Waste Management may offer steady but not exceptional returns for shareholders.

Despite its lower scores in some areas, Waste Management, Inc. remains a key player in the waste management industry. The company provides a range of services to customers across North America, including recycling and waste-to-energy facilities. While its overall outlook may not be the strongest, Waste Management‘s established presence in the market and diverse customer base could help maintain its position as a leading waste management provider in the long run.

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