Brokerages expect Republic Services, Inc. (NYSE:RSG) to post earnings per share of $0.78 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Republic Services’ earnings. The highest EPS estimate is $0.82 and the lowest is $0.77. Republic Services posted earnings per share of $0.73 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.8%. The company is expected to announce its next earnings results after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Republic Services will report full-year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.27. For the next year, analysts anticipate that the firm will post earnings of $3.56 per share, with EPS estimates ranging from $3.50 to $3.65. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Republic Services.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. Republic Services had a return on equity of 12.72% and a net margin of 10.25%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.
A number of equities research analysts have weighed in on RSG shares. Royal Bank of Canada raised their price target on Shopify from C$230.00 to C$265.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Bank of America set a $275.00 price target on SVB Financial Group and gave the company a “buy” rating in a research report on Friday, April 26th. UBS Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Thursday, April 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of NEXT in a research note on Monday, April 29th. Finally, Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $81.97.
NYSE RSG traded up $0.21 during trading hours on Thursday, reaching $88.04. 660,030 shares of the stock traded hands, compared to its average volume of 1,161,334. The firm has a 50 day moving average price of $86.61. Republic Services has a 1 year low of $67.48 and a 1 year high of $88.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $28.15 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were paid a dividend of $0.375 per share. The ex-dividend date was Friday, June 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.70%. Republic Services’s dividend payout ratio (DPR) is currently 48.54%.
In related news, CEO Donald W. Slager sold 69,966 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.66, for a total value of $5,783,389.56. Following the sale, the chief executive officer now directly owns 287,610 shares of the company’s stock, valued at $23,773,842.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles F. Serianni sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $82.30, for a total value of $781,850.00. Following the completion of the sale, the chief financial officer now directly owns 53,700 shares in the company, valued at $4,419,510. The disclosure for this sale can be found here. Insiders have sold 131,875 shares of company stock worth $10,891,028 over the last ninety days. Insiders own 0.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RSG. Dubuque Bank & Trust Co. grew its stake in shares of Republic Services by 74.5% in the first quarter. Dubuque Bank & Trust Co. now owns 480 shares of the business services provider’s stock worth $38,000 after purchasing an additional 205 shares during the last quarter. CWM LLC grew its stake in shares of Republic Services by 109.9% in the first quarter. CWM LLC now owns 468 shares of the business services provider’s stock worth $38,000 after purchasing an additional 245 shares during the last quarter. Gemmer Asset Management LLC grew its stake in shares of Republic Services by 140.2% in the second quarter. Gemmer Asset Management LLC now owns 454 shares of the business services provider’s stock worth $39,000 after purchasing an additional 265 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of Republic Services in the first quarter worth about $40,000. Finally, Glassman Wealth Services grew its stake in shares of Republic Services by 44.9% in the first quarter. Glassman Wealth Services now owns 507 shares of the business services provider’s stock worth $41,000 after purchasing an additional 157 shares during the last quarter. 58.84% of the stock is currently owned by institutional investors.
About Republic Services
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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