Republic Services (RSG) set to announce quarterly results on Thursday

Republic Services (NYSE: RSG – Get a rating) is expected to release its quarterly earnings data after the market closes on Thursday, August 4. Analysts expect the company to report earnings of $1.18 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Republic Services (NYSE: RSG – Get a rating) last released its quarterly results on Thursday, May 5. The business services provider reported earnings per share (EPS) of $1.14 for the quarter, beating analyst consensus estimates of $1.05 by $0.09. Republic Services had a net margin of 11.54% and a return on equity of 15.60%. The company posted revenue of $2.97 billion in the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the company posted EPS of $0.93. Republic Services revenue increased 14.4% year over year. On average, analysts expect Republic Services to post EPS of $5 for the current fiscal year and EPS of $5 for the next fiscal year.

Republic services trade up 1.1%

Shares of NYSE RSG opened at $132.94 on Thursday. Republic Services has a 1-year minimum of $113.57 and a 1-year maximum of $145.98. The stock has a market capitalization of $41.99 billion, a P/E ratio of 31.50, a price-to-earnings growth ratio of 2.68 and a beta of 0.73. The company has a 50-day moving average of $129.77 and a 200-day moving average of $129.12. The company has a debt ratio of 1.07, a current ratio of 0.75 and a quick ratio of 0.75.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Friday, July 1 received a dividend of $0.46. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $1.84 and a yield of 1.38%. Republic Services’ dividend payout ratio (DPR) is currently 43.60%.

Insider activity

Separately, COO Timothy E. Stuart sold 15,000 shares of the company in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the completion of the sale, the COO now directly owns 19,675 shares of the company, valued at $2,659,863.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. In related news, COO Timothy E. Stuart sold 15,000 shares of the company in a transaction that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the completion of the sale, the COO now directly owns 19,675 shares of the company, valued at $2,659,863.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, CAD Brian A. Goebel sold 347 shares of the company in a trade that took place on Thursday, June 2. The shares were sold at an average price of $135.01, for a total transaction of $46,848.47. As a result of the sale, the accounting chief now owns 6,186 shares of the company, valued at $835,171.86. Disclosure of this sale can be found here. 0.06% of the shares are held by insiders.

Institutional Trade in Republic Services

Several large investors have recently increased or reduced their stake in the company. Wexford Capital LP bought a new position in shares of Republic Services in the first quarter for a value of approximately $424,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Republic Services shares by 8.8% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,706 shares of the business services provider worth $358,000 after purchasing an additional 220 shares during the period. Advisory Services Network LLC increased its position in Republic Services shares by 29.3% in the first quarter. Advisory Services Network LLC now owns 2,636 shares of the business services provider worth $350,000 after purchasing an additional 597 shares during the period. Ergoteles LLC bought a new position in shares of Republic Services in the first quarter for a value of approximately $270,000. Finally, Zions Bancorporation NA increased its position in Republic Services shares by 2,182.1% in the first quarter. Zions Bancorporation NA now owns 1,917 shares of the business services provider worth $254,000 after purchasing an additional 1,833 shares during the period. 92.80% of the shares are currently held by institutional investors.

Changes to analyst ratings

RSG has been the subject of several recent analyst reports. StockNews.com launched coverage on Republic Services shares in a Thursday, March 31 report. They issued a “Strong Buy” rating for the company. Morgan Stanley raised its price target on Republic Services shares from $142.00 to $147.00 and gave the stock an “overweight” rating in a Wednesday, July 20 report. Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 report. Oppenheimer set a target price of $139.00 on Republic Services shares in a Tuesday, July 19 report. Finally, Bank of America moved Republic Services shares from a “neutral” rating to a “buy” rating and raised its price target for the company from $140.00 to $150.00 in a report from the Friday May 13. Two equity research analysts gave the stock a hold rating, five gave the company a buy rating and two gave the company a high buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $141.43.

Republic Services Company Profile

(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.

Featured articles

Revenue history for Republic Services (NYSE:RSG)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Republic Services right now?

Before you consider Republic services, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Republic Services was not on the list.

While Republic Services currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here