Equities analysts predict that Republic Services, Inc. (NYSE:RSG) will report $0.59 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Republic Services’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.61. Republic Services posted earnings of $0.55 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The firm is expected to report its next earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Republic Services will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.41. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.57 to $2.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Republic Services.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, April 27th. The business services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.36 billion. Republic Services had a return on equity of 10.18% and a net margin of 6.75%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS.
Several research analysts have recently commented on RSG shares. Wedbush raised their price objective on Republic Services from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, March 30th. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, May 2nd. Barclays PLC reaffirmed a “hold” rating and issued a $59.00 price objective on shares of Republic Services in a research note on Friday, April 28th. Finally, BMO Capital Markets started coverage on Republic Services in a research note on Thursday, June 29th. They set an “outperform” rating and a $71.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $67.90.
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A number of institutional investors have recently added to or reduced their stakes in RSG. DnB Asset Management AS boosted its position in Republic Services by 29.9% in the first quarter. DnB Asset Management AS now owns 31,683 shares of the business services provider’s stock valued at $1,990,000 after buying an additional 7,300 shares in the last quarter. Washington Trust Bank boosted its position in Republic Services by 1.1% in the first quarter. Washington Trust Bank now owns 86,210 shares of the business services provider’s stock valued at $5,415,000 after buying an additional 945 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in Republic Services during the first quarter valued at $121,000. Fox Run Management L.L.C. purchased a new position in Republic Services during the first quarter valued at $204,000. Finally, TNB Financial purchased a new position in Republic Services during the first quarter valued at $277,000. Institutional investors and hedge funds own 61.48% of the company’s stock.
Republic Services (NYSE RSG) traded down 0.60% on Monday, reaching $64.51. The company’s stock had a trading volume of 720,466 shares. The stock has a 50-day moving average of $64.24 and a 200-day moving average of $61.84. Republic Services has a one year low of $49.18 and a one year high of $65.34. The stock has a market cap of $21.81 billion, a P/E ratio of 34.31 and a beta of 0.59.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Monday, July 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, June 29th. Republic Services’s dividend payout ratio (DPR) is presently 68.45%.
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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