Stock analysts expect Republic Services, Inc. (NYSE: RSG – Get a rating) to report $2.89 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts provided earnings estimates for Republic Services. The highest sales estimate is $2.94 billion and the lowest is $2.86 billion. Republic Services posted sales of $2.60 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 11.2%. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect Republic Services to report annual revenue of $12.24 billion in the current fiscal year, with estimates ranging from $12.14 billion to $12.44 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $12.86 billion, with estimates ranging from $12.66 billion to $13.01 billion. Zacks sales averages are an average average based on a survey of sell-side research analysts who cover Republic Services.
Services of the Republic (NYSE: RSG – Get a rating) last announced its quarterly results on Thursday, February 10. The business services provider reported EPS of $1.02 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.01. Republic Services achieved a net margin of 11.42% and a return on equity of 15.04%. The company posted revenue of $2.95 billion for 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.
A number of research analysts have commented on RSG shares. JPMorgan Chase & Co. began covering Republic Services shares in a research note on Tuesday, March 1. They issued a “neutral” rating on the title. Deutsche Bank Aktiengesellschaft lowered its price target on Republic Services shares from $142.00 to $139.00 and placed a “hold” rating on the stock in a Monday, February 14 research note. StockNews.com purported coverage of Republic Services stock in a Thursday, March 31, research note. They have set a “Strong Buy” rating on the stock. Morgan Stanley raised its price target on Republic Services shares from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 research note. Finally, Raymond James raised his price target on Republic Services stock from $137.00 to $140.00 and gave the stock an “outperform” rating in a Monday, Jan. 10 research note. Four analysts gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a strong buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $134.57.
In other Republic Services news, major shareholder Cascade Investment, LLC purchased 362,747 shares of Republic Services in a transaction on Friday, February 18. The shares were purchased at an average price of $117.17 per share, with a total value of $42,503,065.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Over the past three months, insiders have purchased 710,420 shares of the company worth $83,099,992. 0.20% of the shares are held by insiders.
Several large investors have recently bought and sold shares of the company. Corient Capital Partners LLC increased its position in Republic Services shares by 2.0% in the third quarter. Corient Capital Partners LLC now owns 3,776 shares of the business services provider valued at $454,000 after buying 74 additional shares in the last quarter. Benjamin Edwards Inc. raised its position in Republic Services shares by 0.4% in the fourth quarter. Benjamin Edwards Inc. now owns 18,093 shares of the business services provider valued at $2,523,000 after buying 79 additional shares in the last quarter. Profund Advisors LLC increased its position in Republic Services by 2.9% during the fourth quarter. Profund Advisors LLC now owns 2,928 shares of the business services provider worth $408,000 after buying 82 additional shares in the last quarter. HighTower Advisors LLC increased its position in Republic Services by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider worth $3,405,000 after buying 82 additional shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Republic Services by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,965 shares of the business services provider worth $692,000 after buying 87 additional shares in the last quarter. 58.80% of the shares are held by institutional investors and hedge funds.
NYSE RSG traded at $0.55 during Friday’s trading, reaching $135.83. The company’s shares had a trading volume of 937,208 shares, compared to an average trading volume of 1,009,284 shares. 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 $42.89 billion, a price/earnings ratio of 33.62, a P/E/G ratio of 2.92 and a beta of 0.81. Republic Services has a 12-month low of $102.33 and a 12-month high of $145.98. The company’s fifty-day moving average price is $126.74 and its 200-day moving average price is $129.98.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14. Investors of record on Friday, April 1 will receive a dividend of $0.46 per share. This represents a dividend of $1.84 on an annualized basis and a yield of 1.35%. The ex-date of this dividend is Thursday, March 31. Republic Services’ dividend payout ratio is currently 45.54%.
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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