For the fourth quarter Waste Management reported earnings of 56 cents a share, missing analyst estimates of 60 cents a share by 4 cents. Revenue rose 1.9% from a year earlier to $3.5 billion, compared to analyst expectations of $3.58 billion.
Waste Management expected earnings between $2.30 and $2.35 for the full-year 2014. Analysts expect $2.41 a share for the year.
While the company couldn't meet analyst expectations, it did announce a 2.7% increase in its planned quarterly dividend to 37.5 cents a share from 36.5 cents a share.
Waste Management also said that its board of directors has authorized the purchase of up to $600 million of the company's common stock.
TheStreet Ratings team rates WASTE MANAGEMENT INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate WASTE MANAGEMENT INC (WM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, revenue growth, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."