Zacks: Analysts Expect Republic Services, Inc. (NYSE: RSG) to Report Earnings of $1.19 Per Share

Stock analysts predict that Republic Services, Inc. (NYSE:RSG – Get a rating) will post earnings per share of $1.19 for the current fiscal quarter, Zacks reports. Six analysts released earnings estimates for Republic Services, with the highest EPS estimate of $1.29 and the lowest estimate of $1.12. Republic Services reported earnings per share of $1.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The company is expected to announce its next quarterly results on Monday, January 1.

According to Zacks, analysts expect Republic Services to report annual earnings of $4.66 per share for the current year, with EPS estimates ranging from $4.55 to $4.78. For the next fiscal year, analysts expect the company to post earnings of $5.18 per share, with EPS estimates ranging from $5.01 to $5.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts who provide coverage for Republic Services.

Republic Services (NYSE: RSG – Get a rating) last announced its quarterly results on Thursday, May 5. The business services provider reported earnings per share of $1.14 for the quarter, beating analyst consensus estimates of $1.05 by $0.09. The company posted revenue of $2.97 billion for the quarter, versus $2.89 billion expected by analysts. Republic Services had a return on equity of 15.60% and a net margin of 11.54%. The company’s quarterly revenue increased 14.4% year over year. During the same period of the previous year, the company achieved EPS of $0.93.

A number of research analysts have commented on RSG shares. 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. 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. Bank of America moved Republic Services shares from a “neutral” rating to a “buy” rating and raised its target price for the stock from $140.00 to $150.00 in a Friday 13 report. may. JPMorgan Chase & Co. began covering shares of Republic Services in a Tuesday, March 1, report. They issued a “neutral” rating for the company. To finish, StockNews.com purported coverage of Republic Services stock in a Thursday, March 31, research note. They issued a “Strong Buy” rating for the company. Four research analysts gave the stock a hold rating, five gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $136.75.

In related news, CAD Brian A. Goebel sold 347 shares of the company in a trade on Thursday, June 2. The shares were sold at an average price of $135.01, for a total value of $46,848.47. As a result of the transaction, the chief accountant now owns 6,186 shares of the company, valued at $835,171.86. The transaction was disclosed in an SEC filing, which is available via this link. 0.06% of the shares are held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Republic Services by 2.1% in the first quarter. BlackRock Inc. now owns 21,085,318 shares of the business services provider valued at $2,793,803,000 after buying an additional 427,719 shares last quarter. Vanguard Group Inc. increased its stake in Republic Services by 1.0% in the first quarter. Vanguard Group Inc. now owns 17,800,921 shares of the business services provider valued at $2,358,621,000 after buying an additional 168,696 shares in the last quarter. State Street Corp increased its stake in Republic Services by 0.4% in the fourth quarter. State Street Corp now owns 10,143,176 shares of the business services provider valued at $1,419,062,000 after buying an additional 42,050 shares last quarter. Nordea Investment Management AB increased its stake in Republic Services by 5.6% in the first quarter. Nordea Investment Management AB now owns 4,967,419 shares of the business services provider valued at $670,304,000 after buying an additional 264,112 shares last quarter. Finally, Geode Capital Management LLC increased its stake in Republic Services by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,459,637 shares of the business services provider valued at $620,473,000 after purchasing an additional 64,679 shares last quarter. 92.80% of the shares are held by hedge funds and other institutional investors.

NYSE:RSG shares opened at $135.39 on Friday. The company has a market capitalization of $42.77 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.73 and a beta of 0.75. The stock’s 50-day moving average is $132.84 and its 200-day moving average is $131.09. Republic Services has a 52-week low of $106.46 and a 52-week high of $145.98. The company has a debt ratio of 1.07, a quick ratio of 0.75 and a current ratio of 0.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 1 will receive a dividend of $0.46 per share. The ex-date of this dividend is Thursday, June 30. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 1.36%. Republic Services’ dividend payout ratio (DPR) is currently 43.60%.

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.

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

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