EPS of $1.05 expected for Republic Services, Inc. (NYSE:RSG) this quarter


Equity research analysts expect Republic Services, Inc. (NYSE: RSGGet a rating) will report earnings per share of $1.05 for the current quarter, according to Zacks Investment Research. Seven analysts made earnings estimates for Republic Services, with the lowest EPS estimate of $1.01 and the highest estimate of $1.09. Republic Services reported earnings of $0.93 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 12.9%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, January 1.

According to Zacks, analysts expect Republic Services to report annual earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $4.69. For the next fiscal year, analysts expect the company to post earnings of $5.08 per share, with EPS estimates ranging from $5.00 to $5.22. Zacks’ EPS calculations are an average average based on a survey of sell-side analysts who cover Republic Services.

Services of the Republic (NYSE: RSGGet a rating) last announced its results on Thursday, February 10. The business services provider reported earnings per share (EPS) of $1.02 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.01. Republic Services had a return on equity of 15.04% and a net margin of 11.42%. The company posted revenue of $2.95 billion in the quarter, versus analyst estimates of $2.87 billion. During the same period last year, the company achieved EPS of $1.00. Republic Services revenue for the quarter increased 14.8% compared to the same quarter last year.

Several research companies have recently weighed in on RSG. Deutsche Bank Aktiengesellschaft lowered its price target on Republic Services from $142.00 to $139.00 and set a “holding” rating for the company in a Monday, February 14 research report. Morgan Stanley raised its price target on Republic Services from $139.00 to $149.00 and gave the company an “overweight” rating in a Tuesday, March 8 research note. Raymond James raised his target price on Republic Services from $140.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com began covering Republic Services in a research note on Thursday, March 31. They issued a “Strong Buy” rating for the company. Finally, JPMorgan Chase & Co. began covering Republic services in a research note on Tuesday, March 1. They gave the company a “neutral” rating. Four investment analysts gave the stock a hold rating, four issued a buy rating and two gave the company’s stock a strong buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $134.86.

Shares of GSR action traded down $2.25 during Friday’s midday session, hitting $132.56. The company’s stock had a trading volume of 64,053 shares, compared to its average volume of 1,328,478. The company’s fifty-day simple moving average is $128.11 and its 200-day simple moving average is $130.62. Republic Services has a 52 week minimum of $104.00 and a 52 week maximum of $145.98. The company has a debt ratio of 1.06, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $41.86 billion, a PE ratio of 32.81, a P/E/G ratio of 2.86 and a beta of 0.81.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Friday, April 1 received a dividend of $0.46. The ex-dividend date was Thursday, March 31. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 1.39%. Republic Services’ payout ratio is currently 45.54%.

Separately, major shareholder Cascade Investment, LLC purchased 259,085 shares in a transaction that took place on Tuesday, February 22. The shares were purchased at an average price of $117.03 per share, with a total value of $30,320,717.55. The purchase was disclosed in a legal filing with the SEC, available at the SEC website. Insiders purchased a total of 710,420 shares of the company worth $83,099,992 over the past ninety days. 0.06% of the shares are currently held by insiders.

Hedge funds have recently changed their stakes in the company. Marshall Wace LLP bought a new position in shares of Republic Services in the first quarter worth $130,000. FMR LLC increased its equity stake in Republic Services by 104.6% in the first quarter. FMR LLC now owns 143,930 shares of the business services provider worth $11,570,000 after purchasing an additional 73,568 shares during the period. Vontobel Holding SA increased its equity stake in Republic Services by 11.7% in the third quarter. Vontobel Holding SA now owns 12,212 shares of the business services provider worth $1,466,000 after purchasing an additional 1,284 shares during the period. Independent Advisor Alliance bought a new position in shares of Republic Services in the third quarter worth $217,000. Finally, AE Wealth Management LLC increased its equity stake in Republic Services by 2.1% in the third quarter. AE Wealth Management LLC now owns 21,867 shares of the business services provider worth $2,625,000 after purchasing an additional 445 shares during the period. 58.80% of the shares are currently held by institutional investors and hedge funds.

About Republic Services (Get a rating)

Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.

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Earnings history and estimates for Republic Services (NYSE:RSG)



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