Brokerages forecast that Republic Services, Inc. (NYSE:RSG) will post $0.63 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Republic Services’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.64. Republic Services reported earnings of $0.62 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, October 26th.
On average, analysts expect that Republic Services will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.40. For the next year, analysts expect that the business will report earnings of $2.64 per share, with EPS estimates ranging from $2.60 to $2.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Republic Services.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Republic Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. BMO Capital Markets lifted their price target on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Barclays PLC reiterated a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Republic Services has an average rating of “Hold” and an average price target of $71.88.
Republic Services (NYSE RSG) traded up 0.07% during mid-day trading on Friday, reaching $66.89. 1,071,626 shares of the company traded hands. Republic Services has a one year low of $49.18 and a one year high of $66.93. The firm has a market cap of $22.53 billion, a PE ratio of 34.34 and a beta of 0.60. The stock’s 50-day moving average price is $64.84 and its 200-day moving average price is $63.72.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.38 annualized dividend and a yield of 2.06%. Republic Services’s dividend payout ratio (DPR) is presently 65.64%.
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In related news, EVP Jeffrey A. Hughes sold 6,329 shares of Republic Services stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the transaction, the executive vice president now owns 428 shares of the company’s stock, valued at approximately $28,462. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Republic Services by 0.3% during 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 boosted its stake in Republic Services by 0.4% during 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. boosted its stake in Republic Services by 0.5% during 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. boosted its stake in Republic Services by 1.9% during 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, Blair William & Co. IL boosted its stake in Republic Services by 0.3% during the 1st quarter. Blair William & Co. IL now owns 26,078 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 70 shares during the last quarter. 60.59% of the stock is currently owned by institutional investors and hedge funds.
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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