Analysts expect that Republic Services, Inc. (NYSE:RSG) will post $2.62 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Republic Services’ earnings, with the highest sales estimate coming in at $2.63 billion and the lowest estimate coming in at $2.61 billion. Republic Services reported sales of $2.52 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 25th.
On average, analysts expect that Republic Services will report full-year sales of $10.45 billion for the current financial year, with estimates ranging from $10.38 billion to $10.49 billion. For the next fiscal year, analysts expect that the company will post sales of $10.86 billion, with estimates ranging from $10.78 billion to $10.93 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.50 billion. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. Republic Services’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 EPS.
Several analysts recently issued reports on RSG shares. Zacks Investment Research lowered shares of Republic Services from a “hold” rating to a “sell” rating in a report on Monday, April 15th. UBS Group boosted their price objective on shares of Republic Services from $79.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a report on Thursday, April 11th. Royal Bank of Canada started coverage on shares of Republic Services in a report on Wednesday, May 1st. They issued a “sector perform” rating and a $87.00 price objective on the stock. Finally, Bank of America restated a “neutral” rating and issued a $85.00 price objective (up from $79.00) on shares of Republic Services in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $81.97.
In other Republic Services news, President Ark Jon Vander sold 19,278 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $82.33, for a total transaction of $1,587,157.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Donald W. Slager sold 69,966 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.66, for a total transaction of $5,783,389.56. Following the sale, the chief executive officer now owns 287,610 shares in the company, valued at $23,773,842.60. The disclosure for this sale can be found here. Insiders have sold 146,095 shares of company stock worth $12,035,095 over the last quarter. Insiders own 0.30% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of Republic Services by 17.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 609,170 shares of the business services provider’s stock worth $48,964,000 after buying an additional 88,445 shares during the period. FMR LLC increased its stake in shares of Republic Services by 104.6% during the first quarter. FMR LLC now owns 143,930 shares of the business services provider’s stock worth $11,570,000 after buying an additional 73,568 shares during the period. Horizon Investments LLC increased its stake in shares of Republic Services by 7.4% during the first quarter. Horizon Investments LLC now owns 41,983 shares of the business services provider’s stock worth $3,375,000 after buying an additional 2,875 shares during the period. Cerebellum GP LLC increased its stake in shares of Republic Services by 19.1% during the first quarter. Cerebellum GP LLC now owns 4,239 shares of the business services provider’s stock worth $341,000 after buying an additional 680 shares during the period. Finally, GYL Financial Synergies LLC purchased a new stake in shares of Republic Services during the first quarter worth approximately $221,000. Institutional investors own 58.82% of the company’s stock.
RSG traded down $0.10 on Thursday, hitting $87.16. The company had a trading volume of 18,712 shares, compared to its average volume of 1,001,568. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.83 and a beta of 0.53. Republic Services has a 1 year low of $67.48 and a 1 year high of $87.77. The stock’s fifty day simple moving average is $85.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.42 and a current ratio of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.375 per share. The ex-dividend date is Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.72%. Republic Services’s dividend payout ratio (DPR) is presently 48.54%.
Republic Services Company Profile
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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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