Brokers predict that Republic Services, Inc. (NYSE:RSG – Get a rating) will report earnings per share of $1.19 for the current quarter, Zacks Investment Research reports. Seven analysts released earnings estimates for Republic Services. The highest EPS estimate is $1.29 and the lowest is $1.12. Republic Services reported earnings of $1.09 per share in the same quarter last year, indicating a positive year-over-year growth rate of 9.2%. The company is due to release its next results on Monday, January 1.
According to Zacks, analysts expect Republic Services to report annual earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.78. For the next fiscal year, analysts expect the company to post earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts who provide coverage for Republic Services.
Republic Services (NYSE: RSG – Get a rating) last announced its results on Thursday, May 5. The business services provider reported EPS of $1.14 for the quarter, beating the consensus estimate 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 15.65% and a net margin of 11.54%. The company’s revenue increased 14.4% year over year. In the same period a year earlier, the company posted earnings of $0.93 per share.
RSG has been the subject of several recent analyst reports. JPMorgan Chase & Co. began covering Republic services in a research note on Tuesday, March 1. They set a “neutral” rating on the stock. StockNews.com began covering Republic services in a report on Thursday, March 31. They set a “Strong Buy” rating for the company. Morgan Stanley raised its price target on Republic Services from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 research note. Deutsche Bank Aktiengesellschaft cut its price target on Republic Services shares from $142.00 to $139.00 and placed a “hold” rating on the stock in a Monday, Feb. 14 research note. Finally, Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the company an “outperform” rating in a Friday, April 22 report. Four research analysts gave the stock a hold rating, four gave the company a buy rating and two gave the company a high buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $134.86.
In other news from Republic Services, major shareholder Cascade Investment, LLC purchased 88,588 shares in a transaction on Thursday, February 24. The shares were acquired at an average price of $116.00 per share, with a total value of $10,276,208.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Over the past ninety days, insiders have purchased 710,420 shares of the company worth $83,099,992. 0.06% of the shares are held by insiders.
Several large investors have recently changed their stake in the company. Glassman Wealth Services increased its stake in Republic Services by 116.8% during the first quarter. Glassman Wealth Services now owns 206 shares of the business services provider worth $27,000 after buying 111 additional shares in the last quarter. Godsey & Gibb Associates bought a new stake in Republic Services stock in Q4 for $28,000. Masso Torrence Wealth Management Inc. bought a new stake in Republic Services stock in Q4 for $32,000. FinTrust Capital Advisors LLC increased its equity stake in Republic Services by 123.6% in Q1. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after buying an additional 131 shares during the period. Finally, Confluence Wealth Services Inc. purchased a new stake in Republic Services stock in Q4 for $33,000. 92.80% of the shares are currently held by hedge funds and other institutional investors.
Shares of RSG opened at $127.72 on Friday. Republic Services has a 12 month minimum of $106.46 and a 12 month maximum of $145.98. The company’s 50-day moving average is $131.85 and its 200-day moving average is $131.14. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt ratio of 1.06. The stock has a market capitalization of $40.35 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.91 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Friday, July 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 1.44%. The ex-dividend date is Thursday, June 30. Republic Services’ payout ratio 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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