Equities analysts forecast that Republic Services (NYSE:RSG) will post sales of $2.41 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Republic Services’ earnings, with the lowest sales estimate coming in at $2.40 billion and the highest estimate coming in at $2.41 billion. Republic Services posted sales of $2.39 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that Republic Services will report full-year sales of $10.07 billion for the current year, with estimates ranging from $9.97 billion to $10.12 billion. For the next financial year, analysts forecast that the business will report sales of $10.50 billion per share, with estimates ranging from $10.41 billion to $10.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Republic Services.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis.
A number of research analysts have recently weighed in on the company. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating in a research report on Monday. Raymond James cut Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research report on Wednesday, April 11th. UBS assumed coverage on Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price objective on the stock. BMO Capital Markets lowered their price objective on Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Finally, Credit Suisse Group lowered their price objective on Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.50.
RSG stock opened at $65.89 on Friday. Republic Services has a twelve month low of $60.26 and a twelve month high of $69.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $21,843.53, a PE ratio of 27.12, a P/E/G ratio of 2.11 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Monday, April 2nd were issued a $0.345 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.09%. Republic Services’s dividend payout ratio is presently 56.79%.
In related news, CAO Brian A. Goebel sold 1,220 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $68.06, for a total value of $83,033.20. Following the transaction, the chief accounting officer now directly owns 7,406 shares of the company’s stock, valued at approximately $504,052.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total value of $632,204.20. Following the completion of the transaction, the chief operating officer now directly owns 12,011 shares in the company, valued at $822,152.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,074 shares of company stock worth $1,826,914. 0.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Republic Services by 0.4% in the 4th quarter. BlackRock Inc. now owns 20,030,671 shares of the business services provider’s stock worth $1,354,276,000 after purchasing an additional 84,721 shares in the last quarter. American Century Companies Inc. lifted its holdings in Republic Services by 5.4% in the 4th quarter. American Century Companies Inc. now owns 7,882,739 shares of the business services provider’s stock worth $532,952,000 after purchasing an additional 405,985 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Republic Services by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,426,154 shares of the business services provider’s stock worth $366,863,000 after purchasing an additional 224,249 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Republic Services by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 2,884,821 shares of the business services provider’s stock worth $194,696,000 after purchasing an additional 285,988 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in Republic Services by 86.2% in the 4th quarter. OppenheimerFunds Inc. now owns 2,335,645 shares of the business services provider’s stock worth $157,913,000 after purchasing an additional 1,081,097 shares in the last quarter. 60.99% of the stock is currently owned by institutional investors.
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About Republic Services
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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