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Last $50.03 USD
Change Today +0.53 / 1.07%
Volume 3.9M
WM On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

waste management inc (WM) Snapshot

Open
$50.03
Previous Close
$49.50
Day High
$50.31
Day Low
$49.31
52 Week High
04/10/15 - $55.93
52 Week Low
10/15/14 - $45.50
Market Cap
22.6B
Average Volume 10 Days
2.9M
EPS TTM
$2.51
Shares Outstanding
452.3M
EX-Date
09/10/15
P/E TM
20.0x
Dividend
$1.54
Dividend Yield
3.04%
Current Stock Chart for WASTE MANAGEMENT INC (WM)

waste management inc (WM) Details

Waste Management, Inc., through its subsidiaries, provides various waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offer collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, and material recovery facility, or disposal site, as well as develops and operates landfill gas-to-energy facilities in the United States. The company also provides materials processing, plastics materials recycling, and commodities recycling services; recycling brokerage services that comprise managing the marketing of recyclable materials for third parties; and electronic recycling services, such as collection, sorting, and disassembling of discarded computers, communications equipment, and other electronic equipment. In addition, it operates solid waste landfills and hazardous waste landfills; and transfer stations. Further, the company offers construction and remediation services; services associated with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services, such as full-service waste management solutions and consulting services; and disposal services for oil and gas exploration and production operations. Additionally, it provides portable self-storage and fluorescent lamp recycling services; portable restroom services under the name of Port-o-Le; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

39,800 Employees
Last Reported Date: 02/17/15
Founded in 1987

waste management inc (WM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $552.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $621.9K
Senior Vice President of Operations
Total Annual Compensation: $562.5K
Senior Vice President of Operations
Total Annual Compensation: $509.7K
Compensation as of Fiscal Year 2014.

waste management inc (WM) Key Developments

Waste Management, Inc. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015

Waste Management, Inc. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $3,315 million against $3,561 million a year ago. Income from operations was $502 million against $532 million a year ago. Income before income taxes was $389 million against $402 million a year ago. Net income attributable to company was $274 million or $0.60 per basic and diluted share against $210 million or $0.45 per basic and diluted share a year ago. Net cash provided by operating activities was $816 million against $555 million a year ago. Capital expenditures were $296 million against $208 million a year ago. Adjusted net income was $306 million or $0.67 per diluted share against $279 million or $0.60 per diluted share a year ago. Adjusted income from operations was $557 million compared to against $545 million a year ago. Adjusted Operating EBITDA was $879 million compared to against $868 million a year ago. For the six months, the company reported operating revenues of $6,355 million against $6,957 million a year ago. Income from operations was $942 million against $1,001 million a year ago. Income before income taxes was $167 million against $738 million a year ago. Net income attributable to company was $145 million or $0.32 per basic and diluted share against $438 million or $0.94 per basic and diluted share a year ago. Net cash provided by operating activities was $1,315 million against $1,139 million a year ago. Capital expenditures were $529 million against $474 million a year ago. The company now expects that 2015 adjusted earnings per diluted share should be at the high end of the company’s previously announced guidance of between $2.48 and $2.55, despite negative headwinds to diluted earnings per share of between $0.07 and $0.10 from recycling operations and about $0.04 from the impact of foreign currency translation adjustments. The company also expects to achieve the upper end of the company’s full year free cash flow guidance of between $1.4 and $1.5 billion. The company expects capital expenditures to be at the high end of guidance range of $1.2 billion to $1.3 billion.

Waste Management, Inc. Announces Amended and Restated its Revolving Credit Agreement with Syndicate of Banks

On July 10, 2015, Waste Management, Inc. amended and restated its revolving credit agreement with a syndicate of banks, Bank of America, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Barclays Bank PLC, as syndication agents, BNP Paribas, Citibank, N.A., Deutsche Bank Securities Inc., The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Bank Ltd., U.S. Bank National Association and Wells Fargo Bank, National Association, as co-documentation agents and J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Barclays Bank PLC, as lead arrangers and joint bookrunners. The Third Amended and Restated Credit Agreement maintained the total commitment under the facility at $2.25 billion and extended the maturity date to July 10, 2020. Waste Management Holdings, Inc. guarantees all of the company's obligations under the third amended and restated credit agreement. Under the third amended and restated credit agreement, the company is required to pay, quarterly in arrears, a facility fee in an amount ranging from 0.07% to 0.20% of the $2.25 billion in letter of credit and borrowing availability under the agreement and letter of credit fees in an amount ranging from 0.805% to 1.30% of outstanding letters of credit issued under the agreement (the L/C Fee). Additionally, any borrowings under the Third Amended and Restated Credit Agreement will bear interest at either (x) the Eurodollar London Interbank Offered Rate for the applicable interest period, plus a spread ranging from 0.805% to 1.30% per annum (a Eurodollar Loan), or (y) a base rate equal to the higher of the U.S. Federal Funds Rate plus 1/2 of 1%, BofA's announced prime rate, or the Eurodollar Rate plus 1%, plus a spread ranging from zero to 0.30% per annum. The Facility Fee and the L/C Fee percentages and the spread applicable to Eurodollar Loans and base rate loans depend on the company's senior public debt rating as determined by Standard & Poor's and Moody's. Based on the company's current senior public debt rating, the Facility Fee is 0.10% per annum, the L/C Fee is 1.0% per annum, and the spreads applicable to Eurodollar Loans and Base Rate Loans are 1.0% and zero per annum, respectively. At closing, the company had $833 million of letters of credit outstanding under the third amended & restated credit agreement. The company had unused and available credit capacity of $1.417 billion.

Waste Management, Inc. to Report Q2, 2015 Results on Jul 23, 2015

Waste Management, Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Jul 23, 2015

 

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Industry Analysis

WM

Industry Average

Valuation WM Industry Range
Price/Earnings 22.7x
Price/Sales 1.7x
Price/Book 4.2x
Price/Cash Flow 8.9x
TEV/Sales 1.0x
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