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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
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 Wall Street’s top-rated, top-performing research analysts daily 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 takes hold…and Republic Services was not on the list.
Although Republic Services currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here