Wall Street analysts expect Republic Services, Inc. (NYSE:RSG – Get Rating) to report earnings of $1.05 per share for the current quarter, according to Zacks Investment Research. Seven analysts released earnings estimates for Republic Services, with estimates ranging from $1.01 to $1.09. Republic Services reported earnings of $0.93 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 12.9%. The company is due to announce its next earnings report on Wednesday, May 4.
According to Zacks, analysts expect Republic Services to report annual earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $4.69. For the next fiscal year, analysts expect the company to post earnings of $5.08 per share, with EPS estimates ranging from $5.00 to $5.22. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side analysts who cover Republic Services.
Republic Services (NYSE:RSG – Get Rating) last released its quarterly earnings data on Thursday, February 10. The business services provider reported earnings per share of $1.02 for the quarter, beating the consensus estimate of $1.01 by $0.01. Republic Services achieved a net margin of 11.42% and a return on equity of 15.04%. The company posted revenue of $2.95 billion in the quarter, compared to $2.87 billion expected by analysts. During the same period of the previous year, the company earned earnings per share of $1.00. The company’s quarterly revenue increased 14.8% year over year.
Several research analysts have recently weighed in on RSG shares. StockNews.com moved Republic Services shares from a “buy” rating to a “strong buy” rating in a Sunday, March 6, report. Raymond James raised his price target on Republic Services shares from $137.00 to $140.00 and gave the company an “outperform” rating in a Monday, January 10 research report. Deutsche Bank Aktiengesellschaft cut its price target on Republic Services shares from $142.00 to $139.00 and set a “hold” rating for the company in a Monday, Feb. 14 research report. JPMorgan Chase & Co. began covering Republic Services stocks in a research report on Tuesday, March 1. They set a “neutral” rating for the company. Finally, Morgan Stanley raised its price target on Republic Services shares from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday. Four analysts gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $132.38.
Shares of RSG traded down $0.25 during the midday session on Friday, hitting $126.54. 899,081 shares of the company were traded, against an average volume of 1,530,748. The company has a debt ratio of 1.06, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50-day moving average price of $125.91 and a two-hundred-day moving average price of $128.77. Republic Services has a 1-year minimum of $94.06 and a 1-year maximum of $145.98. The stock has a market capitalization of $40.04 billion, a price/earnings ratio of 31.32, a P/E/G ratio of 2.80 and a beta of 0.80.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 14. Shareholders of record on Friday, April 1 will receive a dividend of $0.46. The ex-dividend date is Thursday, March 31. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 1.45%. Republic Services’ payout ratio is currently 45.54%.
In other news, major shareholder Cascade Investment, LLC purchased 88,588 shares of the company in a transaction on Thursday, February 24. The shares were acquired at an average cost of $116.00 per share, for a total transaction of $10,276,208.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. During the last quarter, insiders acquired 710,420 shares of the company valued at $83,099,992. Insiders of the company own 0.20% of the shares of the company.
Several large investors have recently changed their RSG holdings. Marshall Wace LLP bought a new position in shares of Republic Services during the first quarter worth $130,000. FMR LLC increased its position in Republic Services shares by 104.6% during the first quarter. FMR LLC now owns 143,930 shares of the business services provider worth $11,570,000 after acquiring an additional 73,568 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Republic Services by 13.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 41,364 shares of the business services provider valued at $4,550,000 after buying an additional 4,794 shares last quarter. Price T Rowe Associates Inc. MD increased its stake in Republic Services by 64.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 666,006 shares of the business services provider valued at $73,267,000 after buying an additional 260,582 shares in the last quarter. Finally, Colony Group LLC increased its stake in Republic Services by 2.9% during the second quarter. Colony Group LLC now owns 40,224 shares of the business services provider valued at $4,425,000 after buying 1,143 additional shares last quarter. Hedge funds and other institutional investors hold 58.80% of the company’s shares.
About Republic Services (Get an assessment)
Republic Services, Inc. engages in the provision of services to the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offer non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The Company operates through the following segments: Group 1, Group 2 and Corporate and Other Entities.
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