Republic Services, Inc. (NYSE:RSG) – Oppenheimer Holdings dropped their Q4 2017 EPS estimates for shares of Republic Services in a report released on Friday, according to Zacks Investment Research. Oppenheimer Holdings analyst N. Kaye now forecasts that the business services provider will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.59. Oppenheimer Holdings has a “Hold” rating on the stock.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. TRADEMARK VIOLATION WARNING: This news story was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://weekherald.com/2017/11/15/q4-2017-earnings-forecast-for-republic-services-inc-issued-by-oppenheimer-holdings-rsg.html.
Other research analysts have also recently issued research reports about the company. reaffirmed a “buy” rating and set a $72.00 target price on shares of Republic Services in a research report on Friday, October 13th. Bank of America Corporation cut their target price on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. reaffirmed a “buy” rating and set a $73.00 target price on shares of Republic Services in a research report on Wednesday, July 19th. raised Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $67.71.
Republic Services (NYSE RSG) opened at $63.92 on Monday. The stock has a market capitalization of $21,360.29, a P/E ratio of 26.63, a P/E/G ratio of 3.14 and a beta of 0.61. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. Republic Services has a 1 year low of $54.14 and a 1 year high of $67.18.
Republic Services declared that its board has initiated a share repurchase program on Thursday, November 2nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.38 annualized dividend and a yield of 2.16%. Republic Services’s dividend payout ratio is currently 58.47%.
In other Republic Services news, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the sale, the executive vice president now directly owns 8,007 shares in the company, valued at $528,622.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $66.05, for a total value of $1,493,258.40. Following the completion of the sale, the insider now owns 246,617 shares in the company, valued at $16,289,052.85. The disclosure for this sale can be found here. In the last three months, insiders sold 43,187 shares of company stock worth $2,854,922. Insiders own 0.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Republic Services by 0.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock worth $307,000 after acquiring an additional 16 shares during the last quarter. MUFG Americas Holdings Corp increased its stake in Republic Services by 0.4% in the 2nd quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock worth $317,000 after acquiring an additional 20 shares during the last quarter. Blue Chip Partners Inc. increased its stake in Republic Services by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock worth $304,000 after acquiring an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. increased its stake in Republic Services by 1.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock worth $210,000 after acquiring an additional 60 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Republic Services by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock worth $342,000 after acquiring an additional 78 shares during the last quarter. Institutional investors own 60.98% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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