Republic Services (NYSE:RSG) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

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Republic Services (NYSE:RSG) issued its quarterly earnings results on Sunday. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.18, MarketWatch Earnings reports. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Republic Services had a return on equity of 13.59% and a net margin of 10.05%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share.

NYSE RSG traded up $0.45 on Tuesday, reaching $89.45. The company had a trading volume of 26,145 shares, compared to its average volume of 1,233,070. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 2.77 and a beta of 0.64. Republic Services has a fifty-two week low of $65.37 and a fifty-two week high of $103.79. The business has a 50 day moving average of $92.84 and a two-hundred day moving average of $93.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 31st. This represents a $1.70 annualized dividend and a dividend yield of 1.90%. Republic Services’s dividend payout ratio (DPR) is presently 50.90%.

Republic Services declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 5th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the business services provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 price objective for the company in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Republic Services from a “hold” rating to a “sell” rating and set a $101.00 price objective for the company. in a research report on Wednesday, January 13th. Raymond James boosted their price objective on shares of Republic Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Robert W. Baird downgraded shares of Republic Services from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $103.00 to $96.00 in a research report on Tuesday, February 16th. Finally, Bank of America downgraded shares of Republic Services from a “buy” rating to a “neutral” rating in a research report on Monday, January 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Republic Services currently has a consensus rating of “Hold” and an average target price of $97.31.

In related news, CEO Donald W. Slager sold 43,199 shares of the stock in a transaction on Friday, December 11th. The stock was sold at an average price of $94.85, for a total value of $4,097,425.15. Following the completion of the sale, the chief executive officer now directly owns 299,080 shares in the company, valued at $28,367,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. 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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Earnings History for Republic Services (NYSE:RSG)

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