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Rafael Carrasco, the Senior Vice President of Enterprise Strategy at Waste Management Inc. (NYSE:WM), recently sold shares of the company. As a prominent player in the Commercial Services & Supplies industry with a market capitalization of $90.5 billion, Waste Management maintains strong financial health according to InvestingPro analysis. According to a regulatory filing, Carrasco sold 928 shares of common stock on March 6, 2025, at a price of $229.03 per share, totaling approximately $212,539. Following this transaction, Carrasco retains ownership of 16,397.742 shares in the company. The stock, which has demonstrated low price volatility, currently trades near its 52-week high of $235.81, showing a robust year-to-date return of 12%. This sale comes as part of routine portfolio management by the executive. InvestingPro analysis indicates the stock is currently trading at premium multiples, with 12 additional key insights available to subscribers through their comprehensive Pro Research Report.
In other recent news, Waste Management has reported a strong financial quarter, with revenue and EBITDA exceeding consensus expectations, prompting Jefferies to raise its price target for the company to $257 while maintaining a Buy rating. Stifel also maintained a Buy rating on Waste Management, setting a price target at $252, following the company’s robust fourth-quarter 2024 performance and optimistic forecast for fiscal year 2025. Erste Group upgraded Waste Management’s stock rating from Hold to Buy, highlighting expected revenue and operating income growth of approximately 16% and 15% in 2025, respectively, and noting the company’s attractive valuation.
Raymond (NSE:RYMD) James reaffirmed an Outperform rating, with a price target of $237, emphasizing Waste Management’s significant investments in sustainability, which are projected to contribute an additional $800 million to EBITDA by 2027. Oppenheimer also maintained an Outperform rating, following discussions with Waste Management’s leadership about strategies for residential margin improvement and growth in landfill pricing and volume. Jefferies noted the potential for $250 million in synergies from Waste Management’s strategic relationship with Stericycle (NASDAQ:SRCL), contributing to margin expansion.
Waste Management’s sustainability initiatives are expected to generate an estimated $190 million in FY25, with contributions from renewable natural gas and recycling efforts. The company’s management has highlighted favorable market conditions for renewable natural gas economics and potential regulatory changes that could benefit operations. Investors will likely continue to monitor Waste Management’s performance and strategic developments in the coming years.
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