Republic Services (RSG) Expected to Announce Earnings of $0.79 Per Share

Equities analysts forecast that Republic Services (NYSE:RSG) will announce earnings of $0.79 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Republic Services’ earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.81. Republic Services posted earnings of $0.61 per share during the same quarter last year, which indicates a positive year over year growth rate of 29.5%. The business is expected to announce its next quarterly earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Republic Services will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.10. For the next year, analysts anticipate that the company will post earnings of $3.37 per share, with EPS estimates ranging from $3.25 to $3.52. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Republic Services.

Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.



A number of equities analysts have commented on RSG shares. Oppenheimer reiterated a “hold” rating on shares of Republic Services in a report on Thursday, May 3rd. UBS Group started coverage on shares of Republic Services in a report on Wednesday, March 14th. They issued a “buy” rating and a $78.00 price objective on the stock. Raymond James lowered shares of Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a report on Wednesday, April 11th. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Argus upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.14.

Republic Services traded up $0.50, reaching $69.23, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 1,832,500 shares, compared to its average volume of 1,665,131. Republic Services has a 1-year low of $60.26 and a 1-year high of $69.67. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $22.54 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.02 and a beta of 0.55.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a $0.345 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.99%. Republic Services’s dividend payout ratio (DPR) is presently 56.79%.

In other news, EVP Jeffrey A. Hughes sold 16,200 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $68.00, for a total value of $1,101,600.00. Following the sale, the executive vice president now owns 16,200 shares in the company, valued at approximately $1,101,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total transaction of $632,204.20. Following the completion of the sale, the chief operating officer now owns 12,011 shares in the company, valued at approximately $822,152.95. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Baird Financial Group Inc. raised its stake in shares of Republic Services by 4.0% in the 1st quarter. Baird Financial Group Inc. now owns 19,625 shares of the business services provider’s stock valued at $1,300,000 after purchasing an additional 753 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Republic Services by 11.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,776 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 800 shares in the last quarter. Burney Co. raised its stake in shares of Republic Services by 22.3% in the 1st quarter. Burney Co. now owns 4,435 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 808 shares in the last quarter. United Capital Financial Advisers LLC raised its stake in shares of Republic Services by 0.5% in the 1st quarter. United Capital Financial Advisers LLC now owns 173,129 shares of the business services provider’s stock valued at $11,466,000 after purchasing an additional 826 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Republic Services by 18.7% in the 4th quarter. Raymond James Trust N.A. now owns 5,336 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 60.11% of the company’s stock.

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; 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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