Waste Management Inc., (WM - Free Report) which belongs to the waste management industry, is surging due to environmental concerns, industrial growth, and rising non-hazardous waste from economic expansion. Companies adopt advanced waste solutions while government initiatives drive demand.
The global waste management market is expected to surge from $1,612.0 billion in 2020 to $2,483.0 billion by 2030, with a projected 3.4% annual growth rate from 2021 to 2030. This paints a bright future for the industry.
Factors in Favor
Waste Management holds a strong position in the market with substantial market capitalization and a consistent approach to dividends and share buybacks. In 2022, 2021, and 2020, the company repurchased shares totaling $1.5 billion, $1.35 billion, and $402 million, respectively.
Additionally, it distributed dividends of $1.1 billion, $970 million, and $927 million during 2022, 2021, and 2020, respectively. Waste Management intends to continue this practice of returning significant cash to its shareholders through both dividends and share repurchases in the future.
Waste Management remains committed to implementing core operational strategies centered on focused differentiation and ongoing improvement. These efforts aim to maintain price and cost discipline, ultimately leading to improved profit margins. Leveraging extensive assets for differentiation ensures sustainable growth and a competitive edge, while controlling costs and refining processes enhances service quality.
Factors Against
Waste Management's current ratio at the end of second-quarter 2023 was pegged at 0.82, lower than the prior-year quarter’s current ratio of 1.07 and 0.87 reported at the end of the previous quarter. It indicates the company may have problems meeting its short-term debt obligations.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
Download Now – Today It’s FREE >>
Waste Management Inc., (WM - Free Report) which belongs to the waste management industry, is surging due to environmental concerns, industrial growth, and rising non-hazardous waste from economic expansion. Companies adopt advanced waste solutions while government initiatives drive demand.
The global waste management market is expected to surge from $1,612.0 billion in 2020 to $2,483.0 billion by 2030, with a projected 3.4% annual growth rate from 2021 to 2030. This paints a bright future for the industry.
Factors in Favor
Waste Management holds a strong position in the market with substantial market capitalization and a consistent approach to dividends and share buybacks. In 2022, 2021, and 2020, the company repurchased shares totaling $1.5 billion, $1.35 billion, and $402 million, respectively.
Additionally, it distributed dividends of $1.1 billion, $970 million, and $927 million during 2022, 2021, and 2020, respectively. Waste Management intends to continue this practice of returning significant cash to its shareholders through both dividends and share repurchases in the future.
Waste Management remains committed to implementing core operational strategies centered on focused differentiation and ongoing improvement. These efforts aim to maintain price and cost discipline, ultimately leading to improved profit margins. Leveraging extensive assets for differentiation ensures sustainable growth and a competitive edge, while controlling costs and refining processes enhances service quality.
Factors Against
Waste Management's current ratio at the end of second-quarter 2023 was pegged at 0.82, lower than the prior-year quarter’s current ratio of 1.07 and 0.87 reported at the end of the previous quarter. It indicates the company may have problems meeting its short-term debt obligations.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
Download Now – Today It’s FREE >>
Get the latest research report on WM - FREE
Get the latest research report on CLH - FREE
Get the latest research report on VRSK - FREE
Get the latest research report on APTV - FREE