Reasons to Retain Waste Management Stock in Your Portfolio Now

Zacks11-15

Waste Management’s WM stock has had an impressive run in the year-to-date period. Shares have rallied 23.8% compared with the industry’s 22.4% growth. The company’s earnings for 2024 are expected to ...

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Shares have rallied 23.8% compared with the industry’s 22.4% growth.\nThe company’s earnings for 2024 are expected to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reasons-retain-waste-management-stock-130700526.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reasons to Retain Waste Management Stock in Your Portfolio Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReasons to Retain Waste Management Stock in Your Portfolio Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 21:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/reasons-retain-waste-management-stock-130700526.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Waste Management’s WM stock has had an impressive run in the year-to-date period. Shares have rallied 23.8% compared with the industry’s 22.4% growth.\nThe company’s earnings for 2024 are expected to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/reasons-retain-waste-management-stock-130700526.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2229751404.USD","symbol_name":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/reasons-retain-waste-management-stock-130700526.html","article_id":"2483308302","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1RAx4tnuB4lsJ8UoWksKUQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0186d9ba89e2e656c5d7f9bcca3f9b1e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483308302","pubTimestamp":1731676020,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Waste Management’s WM stock has had an impressive run in the year-to-date period. Shares have rallied 23.8% compared with theindustry’s 22.4% growth.The company’s earnings for 2024 are expected to increase 18% on a year-over-year basis. Revenues for 2024 are expected to rise 6% year over year.The company’s focus on technology and automation continues to drive strong results, helping optimize its cost structure and improve operational efficiency. This is evident in the 60.6% operating expense ratio for the third quarter, which represents a 70-basis point improvement despite a 30-basis point headwind from additional workdays. This marks the fourth consecutive quarter of operating expenses below 61%, a consistent trend of improving cost efficiency.A highly competitive environment is hurting WM's prospects, as counties and municipalities pose a significant threat to its market share. These public entities benefit from tax revenues and tax-exe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2229751404.USD":"ALLIANZ GLOBAL WATER \"AT3\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1892829315.USD":"FIDELITY FUNDS SUSTAINABLE WATER & WASTE \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2298064838.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) INC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","BK4528":"SaaS概念","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","BK4023":"应用软件","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","BK4534":"瑞士信贷持仓","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1923621640.USD":"Natixis Thematics Water R/A USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4566":"资本集团","RNG":"Ringcentral Inc.","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","WM":"美国废物管理","CRAI":"CRA国际","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","BK4120":"环境与设施服务","BK4588":"碎股","BK4123":"调查和咨询服务","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2089279066.USD":"ALLIANZ GLOBAL WATER \"AT\" (USD) ACC","LU1939255532.USD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4551":"寇图资本持仓","LSPD":"Lightspeed POS Inc","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC"},"translate_title":"现在在您的投资组合中保留废物管理股票的理由","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WM":1,"RNG":1,"CRAI":1,"LSPD":1},"content_text":"Waste Management’s WM stock has had an impressive run in the year-to-date period. Shares have rallied 23.8% compared with the industry’s 22.4% growth.\nThe company’s earnings for 2024 are expected to increase 18% on a year-over-year basis. Revenues for 2024 are expected to rise 6% year over year.\nImage Source: Zacks Investment Research\nFactors That Auger Well for WM\nWaste Management is making robust progress in its sustainability initiatives. By the end of the third quarter of 2024, the company completed 24 out of 39 planned automation and market projects, adding 1.5 million tons of annual recycling capacity across North America. Moreover, three of its 20 renewable natural gas (RNG) projects are now in service, with four more expected by year-end, contributing a total of 6 million MMBtu in annual production next year.\nThe acquisition of Stericycle is a key component of Waste Management's strategy to strengthen its market position. The company expects to finalize the Stericycle deal in the fourth quarter, with regulatory approvals progressing as planned. This transaction represents one of the largest acquisitions in the waste management space and will reinforce WM's position as one of the largest waste collectors in the United States. The company has acquired several other disposal firms in recent years, including Advanced Disposal and Anderson Rubbish Disposal.\nMoreover, in 2024, WM invested $790 million in acquisitions, primarily within the solid waste sector, which has contributed $108 million in revenue growth.\nThe company’s focus on technology and automation continues to drive strong results, helping optimize its cost structure and improve operational efficiency. This is evident in the 60.6% operating expense ratio for the third quarter, which represents a 70-basis point improvement despite a 30-basis point headwind from additional workdays. This marks the fourth consecutive quarter of operating expenses below 61%, a consistent trend of improving cost efficiency.\nThe automation of more than 800 residential routes since 2022 has reduced reliance on manual labor, improving efficiency and safety. The use of advanced scheduling, planning tools, dynamic routing and mapping systems has also contributed to reduced operating costs, demonstrating the power of technology in driving sustainable operational improvements.\nWM’s commitment to rewarding its shareholders through dividends and share repurchases is commendable. In 2023, 2022 and 2021, WM repurchased shares worth $1.3 billion, $1.5 billion and $1.35 billion, respectively. It paid out $1.14 billion, $1.1 billion and $970 million in dividends in 2023, 2022 and 2021, respectively. Waste Management plans to return significant cash to shareholders via dividends and share repurchases.\nWM: Key Risks to Watch \nA highly competitive environment is hurting WM's prospects, as counties and municipalities pose a significant threat to its market share. These public entities benefit from tax revenues and tax-exempt financing, giving them a financial advantage. This makes it difficult for the company to implement price increases, putting pressure on its top-line growth.\nWeak liquidity does not bode well for the company. Waste Management exited the September-end quarter with a current ratio (a measure of liquidity) of 0.89. A current ratio of more than 1 is always considerable as a current ratio of less than 1 indicates that the company does not hold sufficient cash to meet its short-term obligations.\nWM’s Zacks Rank\nWM currently carries a Zacks Rank #3 (Hold).\nStocks to Consider\nA couple of better-ranked stocks from the broader Zacks Business Services sector are Charles River Associates CRAI and Lightspeed POS LSPD.\nCharles River Associates currently carries a Zacks Rank of 2 (Buy). It has a long-term earnings growth expectation of 16%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nCRAI delivered a trailing four-quarter earnings surprise of 31%, on average.\nLightspeed carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 55.4%.\nLSPD delivered a trailing four-quarter earnings surprise of 70.8%, on average.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCharles River Associates (CRAI) : Free Stock Analysis Report\nWaste Management, Inc. (WM) : Free Stock Analysis Report\nLightspeed Commerce Inc. (LSPD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483308302"}