Analysts expect Republic Services, Inc. (NYSE:RSG) to post $2.62 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Republic Services’ earnings. The highest sales estimate is $2.65 billion and the lowest is $2.59 billion. Republic Services reported sales of $2.53 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is expected to announce its next quarterly earnings results on Thursday, February 6th.
According to Zacks, analysts expect that Republic Services will report full-year sales of $10.35 billion for the current year, with estimates ranging from $10.32 billion to $10.38 billion. For the next financial year, analysts anticipate that the business will post sales of $10.80 billion, with estimates ranging from $10.72 billion to $10.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Republic Services.
Republic Services (NYSE:RSG) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.69 billion. Republic Services had a net margin of 10.58% and a return on equity of 13.13%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS.
RSG has been the topic of several research analyst reports. Stifel Nicolaus set a $95.00 target price on shares of Republic Services and gave the stock a “buy” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. initiated coverage on shares of Republic Services in a report on Wednesday, August 7th. They set a “neutral” rating and a $94.00 target price on the stock. ValuEngine downgraded shares of Republic Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Jefferies Financial Group initiated coverage on shares of Republic Services in a report on Wednesday, November 27th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Bank of America upgraded shares of Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.67.
In other news, insider Welborn John 3,000,000 shares of the company’s stock in a transaction on Thursday, November 21st. Also, CEO Donald W. Slager sold 48,891 shares of Republic Services stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $90.00, for a total transaction of $4,400,190.00. Following the completion of the sale, the chief executive officer now owns 333,846 shares in the company, valued at $30,046,140. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Republic Services by 69.8% during the second quarter. Invesco Ltd. now owns 6,537,731 shares of the business services provider’s stock worth $566,428,000 after buying an additional 2,687,709 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Republic Services by 260.2% during the second quarter. GSA Capital Partners LLP now owns 13,614 shares of the business services provider’s stock worth $1,180,000 after buying an additional 9,834 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Republic Services by 32.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,250 shares of the business services provider’s stock worth $1,583,000 after buying an additional 4,508 shares during the last quarter. Manning & Napier Group LLC boosted its position in Republic Services by 373.0% during the second quarter. Manning & Napier Group LLC now owns 14,210 shares of the business services provider’s stock worth $1,230,000 after purchasing an additional 11,206 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in Republic Services by 40.5% during the third quarter. IFM Investors Pty Ltd now owns 23,688 shares of the business services provider’s stock worth $2,050,000 after purchasing an additional 6,825 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.
RSG stock traded down $0.96 during mid-day trading on Wednesday, hitting $87.69. 943,266 shares of the company were exchanged, compared to its average volume of 1,106,474. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $28.29 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.22 and a beta of 0.49. The firm’s 50 day simple moving average is $87.02 and its 200 day simple moving average is $87.10. Republic Services has a 1-year low of $68.94 and a 1-year high of $90.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.405 dividend. The ex-dividend date is Wednesday, January 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.85%. Republic Services’s dividend payout ratio (DPR) is presently 52.43%.
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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