Republic Services, Inc. (NYSE:RSG) Expected to Announce Earnings of $0.87 Per Share

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Wall Street analysts predict that Republic Services, Inc. (NYSE:RSG) will post earnings of $0.87 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Republic Services’ earnings, with estimates ranging from $0.85 to $0.88. Republic Services posted earnings of $0.82 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Republic Services will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.26. For the next fiscal year, analysts forecast that the firm will post earnings of $3.57 per share, with EPS estimates ranging from $3.47 to $3.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Republic Services.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.62 billion. Republic Services had a return on equity of 12.86% and a net margin of 10.32%. Republic Services’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share.

Several analysts have recently issued reports on the company. Raymond James set a $93.00 price objective on Republic Services and gave the company an “outperform” rating in a research report on Friday, July 26th. Royal Bank of Canada set a $91.00 price objective on Republic Services and gave the company a “hold” rating in a research report on Friday, July 26th. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $86.00 to $90.00 in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. assumed coverage on Republic Services in a research report on Wednesday, August 7th. They issued a “neutral” rating and a $94.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.67.

In other news, EVP Catharine D. Ellingsen sold 3,100 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $90.00, for a total value of $279,000.00. Following the sale, the executive vice president now directly owns 14,307 shares in the company, valued at $1,287,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its stake in shares of Republic Services by 2.0% in the second quarter. RFG Advisory LLC now owns 11,584 shares of the business services provider’s stock valued at $1,009,000 after buying an additional 228 shares in the last quarter. BlackRock Inc. grew its stake in shares of Republic Services by 2.7% in the second quarter. BlackRock Inc. now owns 21,974,898 shares of the business services provider’s stock valued at $1,903,906,000 after buying an additional 581,754 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Republic Services in the second quarter valued at about $388,000. Colony Group LLC grew its stake in shares of Republic Services by 14.7% in the second quarter. Colony Group LLC now owns 38,732 shares of the business services provider’s stock valued at $3,356,000 after buying an additional 4,972 shares in the last quarter. Finally, Prudential PLC grew its stake in shares of Republic Services by 23.9% in the second quarter. Prudential PLC now owns 742,421 shares of the business services provider’s stock valued at $64,584,000 after buying an additional 143,367 shares in the last quarter. Hedge funds and other institutional investors own 59.61% of the company’s stock.

RSG traded down $1.60 during trading on Friday, reaching $87.42. 878,840 shares of the stock were exchanged, compared to its average volume of 1,113,449. The business’s 50 day moving average price is $88.45 and its two-hundred day moving average price is $83.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $28.55 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.04 and a beta of 0.50. Republic Services has a 1 year low of $67.48 and a 1 year high of $90.61.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $0.405 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, September 30th. Republic Services’s dividend payout ratio is currently 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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Earnings History and Estimates for Republic Services (NYSE:RSG)

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