Equities research analysts expect Republic Services (NYSE:RSG) to post earnings per share (EPS) of $0.78 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Republic Services’ earnings. The lowest EPS estimate is $0.77 and the highest is $0.79. Republic Services posted earnings of $0.61 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.9%. The business is expected to report its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Republic Services will report full-year earnings of $3.07 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.10. For the next fiscal year, analysts forecast that the firm will post earnings of $3.38 per share, with EPS estimates ranging from $3.25 to $3.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Republic Services.
Republic Services (NYSE:RSG) last released its earnings results on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year.
Several research firms have recently commented on RSG. Zacks Investment Research lowered shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Raymond James lowered shares of Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Wednesday, April 11th. UBS lowered shares of Republic Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 11th. Argus upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Finally, Oppenheimer restated a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $72.14.
In related news, Director Ramon A. Rodriguez sold 4,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $66.27, for a total value of $265,080.00. Following the completion of the transaction, the director now owns 4,118 shares in the company, valued at approximately $272,899.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Ark Jon Vander sold 9,236 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total transaction of $632,204.20. Following the completion of the transaction, the chief operating officer now owns 12,011 shares of the company’s stock, valued at approximately $822,152.95. The disclosure for this sale can be found here. Insiders sold a total of 25,854 shares of company stock valued at $1,743,880 in the last quarter. 0.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in RSG. SeaCrest Wealth Management LLC bought a new position in Republic Services in the 4th quarter valued at about $121,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Republic Services by 507.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,523 shares during the last quarter. Signaturefd LLC acquired a new stake in Republic Services in the 1st quarter valued at about $149,000. Tower Research Capital LLC TRC lifted its holdings in Republic Services by 1,070.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after acquiring an additional 2,686 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Republic Services in the 4th quarter valued at about $199,000. Hedge funds and other institutional investors own 60.16% of the company’s stock.
Shares of Republic Services stock traded down $0.24 during trading on Tuesday, hitting $67.10. 1,318,663 shares of the stock were exchanged, compared to its average volume of 1,725,233. The firm has a market capitalization of $21.84 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.53. Republic Services has a 12 month low of $60.26 and a 12 month high of $69.40.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be given a $0.345 dividend. The ex-dividend date is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.06%. Republic Services’s dividend payout ratio is presently 56.79%.
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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