Brokerages Anticipate Republic Services, Inc. (RSG) to Announce $0.81 Earnings Per Share

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Wall Street analysts forecast that Republic Services, Inc. (NYSE:RSG) will announce earnings per share of $0.81 for the current quarter, according to Zacks. Three analysts have provided estimates for Republic Services’ earnings. The highest EPS estimate is $0.82 and the lowest is $0.80. Republic Services posted earnings per share of $0.67 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.9%. The firm is expected to announce its next earnings results after the market closes on Thursday, October 25th.

On average, analysts expect that Republic Services will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.05. For the next year, analysts anticipate that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.15 to $3.32. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Republic Services.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, July 26th. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Republic Services had a net margin of 13.51% and a return on equity of 11.65%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year.

A number of research analysts recently weighed in on RSG shares. Stifel Nicolaus raised their price target on shares of Republic Services from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Bank of America raised their price target on shares of Republic Services from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, August 17th. ValuEngine raised shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, BMO Capital Markets raised their price target on shares of Republic Services from $75.00 to $79.00 and gave the company a “positive” rating in a research report on Thursday, August 16th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $75.00.

Shares of Republic Services stock traded up $0.53 during trading hours on Monday, reaching $70.63. The company’s stock had a trading volume of 1,645,679 shares, compared to its average volume of 1,528,292. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.05. Republic Services has a one year low of $60.26 and a one year high of $75.82. The firm has a market capitalization of $23.64 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.23 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be given a $0.375 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, September 28th. This represents a $1.50 annualized dividend and a yield of 2.12%. Republic Services’s payout ratio is currently 61.73%.

In other news, CEO Donald W. Slager sold 91,334 shares of Republic Services stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $73.04, for a total value of $6,671,035.36. Following the completion of the transaction, the chief executive officer now owns 378,023 shares in the company, valued at $27,610,799.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald W. Slager sold 225,734 shares of Republic Services stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $73.02, for a total transaction of $16,483,096.68. Following the completion of the transaction, the insider now owns 378,023 shares of the company’s stock, valued at approximately $27,603,239.46. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd increased its stake in shares of Republic Services by 57.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock worth $132,000 after purchasing an additional 704 shares in the last quarter. Amalgamated Bank increased its stake in shares of Republic Services by 2.6% in the second quarter. Amalgamated Bank now owns 28,786 shares of the business services provider’s stock worth $1,968,000 after purchasing an additional 742 shares in the last quarter. Townsend & Associates Inc grew its stake in Republic Services by 7.2% during the second quarter. Townsend & Associates Inc now owns 11,076 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 745 shares in the last quarter. Baird Financial Group Inc. grew its stake in Republic Services by 4.0% during the first quarter. Baird Financial Group Inc. now owns 19,625 shares of the business services provider’s stock valued at $1,300,000 after acquiring an additional 753 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Republic Services by 2.5% during the second quarter. Van ECK Associates Corp now owns 32,800 shares of the business services provider’s stock valued at $2,242,000 after acquiring an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 60.69% of the company’s stock.

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; supply of waste containers; and renting of compactors.

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Earnings History and Estimates for Republic Services (NYSE:RSG)

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