Wall Street analysts expect Republic Services, Inc. (NYSE: RSG – Get a rating) will post earnings per share of $1.19 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts provided earnings estimates for Republic Services. The highest EPS estimate is $1.29 and the lowest is $1.12. Republic Services posted earnings per share of $1.09 in the same quarter last year, indicating a positive growth rate of 9.2% year over year. The company is due to release its next quarterly earnings report on Monday, January 1.
On average, 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 report earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.45. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who track Republic Services.
Services of the Republic (NYSE: RSG – Get a rating) last reported 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. Republic Services had a return on equity of 15.65% and a net margin of 11.54%. The company posted revenue of $2.97 billion for the quarter, versus a consensus estimate of $2.89 billion. In the same period last year, the company earned $0.93 per share. The company’s revenue for the quarter increased by 14.4% compared to the same quarter last year.
A number of research companies have weighed in on RSG recently. Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research report. JPMorgan Chase & Co. began covering Republic Services in a Tuesday, March 1 report. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft lowered its price target on Republic Services from $142.00 to $139.00 and set a “hold” rating on the stock in a Monday, February 14 report. Morgan Stanley raised its price target on Republic Services from $139.00 to $149.00 and gave the company an “overweight” rating in a Tuesday, March 8 report. To finish, StockNews.com began covering Republic services in a report on Thursday, March 31. They have set a “Strong Buy” rating on the stock. Four research analysts gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a high buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $134.86.
GSR action opened at $127.72 on Friday. Republic Services has a twelve month minimum of $106.46 and a twelve month maximum of $145.98. The company has a market capitalization of $40.35 billion, a PE ratio of 30.27, a growth price-earnings ratio of 2.91 and a beta of 0.75. The company’s 50-day simple moving average is $131.85 and its 200-day simple 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 company also recently announced 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. This represents an annualized dividend of $1.84 and a dividend yield of 1.44%. The ex-date of this dividend is Thursday, June 30. Republic Services’ payout ratio is currently 43.60%.
In related news, major shareholder Cascade Investment, LLC acquired 259,085 shares of the company in a transaction that took place on Tuesday, February 22. The shares were purchased at an average price of $117.03 per share, for a total transaction of $30,320,717.55. The acquisition was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders purchased a total of 710,420 shares of the company worth $83,099,992 over the past 90 days. 0.06% of the shares are currently held by insiders.
A number of hedge funds have recently bought and sold shares of RSG. Glassman Wealth Services increased its position in Republic Services by 116.8% in Q1. 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 purchased a new stake in Republic Services stock during Q4 for $28,000. Masso Torrence Wealth Management Inc. purchased a new stake in Republic Services stock during Q4 for $32,000. FinTrust Capital Advisors LLC increased its position in Republic Services shares by 123.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider valued at $32,000 after acquiring 131 additional shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new stake in Republic Services stock during Q4 for $33,000. Hedge funds and other institutional investors own 92.80% of the company’s shares.
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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