NEW YORK (TheStreet) -- Shares of Waste Management are higher by 2.67% to $52.66 in early market trading Tuesday, following the environmental services company's mixed fourth quarter earnings report, released earlier this morning. For the quarter the company posted earnings of 67 cents per share, up from the 56 cents it reported a year ago, and higher than the 60 cents analysts expected. Revenue for the fourth quarter came in at $3.44 billion, lower than the $3.5 billion from a year prior, and missing the consensus estimate of $3.49 billion. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Waste Management now expects earnings in 2015 to be in the range of $2.48 to $2.55 per share, compared to the consensus estimate of $2.48 per share. The company also said it intends to increase its dividend by 4% to $1.54 per share on an annual basis. In addition, Waste Management authorized a share repurchase program of up to $1 billion. Houston, TX-based Waste Management provides comprehensive waste management environmental services to manage and reduce waste from collection to disposal, while recovering resources and creating clean, renewable energy. Separately, TheStreet Ratings team rates WASTE MANAGEMENT INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation: "We rate WASTE MANAGEMENT INC (WM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated." You can view the full analysis from the report here: WM Ratings Report WM data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on WM. Click to research the Materials & Construction industry.
from Latest TSC Headlines http://ift.tt/19saYY4
No comments:
Post a Comment