Waste Management (WM) continues to deliver market outperformance, achieving a 104% gain for investors who came on board five years ago. WM's Q2 2024 earnings show persistent M&A activity, with significant deals including the acquisition of Winters Bros. Waste Systems and the proposed $7.2 billion purchase of Stericycle, a leader in medical waste services. Despite navigating through contentious discussions over proposed trash transfer stations, WM stays dedicated to offering essential services, even fighting opposition in Akron. On the sustainability front, WM's 2024 report emphasizes commitment toward a greener future, and the company's RNG investment strategies garner attention. Notably, an RNG unit divestment may be on the horizon. Despite a minor hit when the WM stock dipped -1.25%, the company continues to outpace overall market gains and shows potential for further growth. Institutional owners strongly back WM, holding 83% of the company. WM also shows strong community involvement, contributing $1 million to hurricane relief efforts. Highlighting solid financial health, WM announces a cash dividend. While the revenue missed Q1 2024 estimates, WM still managed to beat EPS.
Waste Management WM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 16:02:24 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -2
