Brokerages Anticipate Republic Services (RSG) to Post $0.70 EPS

Analysts expect Republic Services (NYSE:RSG) to announce earnings per share of $0.70 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Republic Services’ earnings. The highest EPS estimate is $0.71 and the lowest is $0.68. Republic Services posted earnings per share of $0.55 in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.3%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Republic Services will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.06 to $3.10. For the next year, analysts forecast that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.35 to $3.53. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Republic Services.

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Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upgraded Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $73.00 in a research note on Thursday, January 4th. Zacks Investment Research cut Republic Services from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets cut their target price on Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. UBS assumed coverage on Republic Services in a research note on Wednesday, March 14th. They issued a “buy” rating and a $78.00 target price on the stock. Finally, Credit Suisse Group cut their target price on Republic Services from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Republic Services presently has a consensus rating of “Hold” and a consensus price target of $70.29.

RSG stock traded down $1.27 during mid-day trading on Friday, reaching $66.85. The company had a trading volume of 1,537,923 shares, compared to its average volume of 1,719,637. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $22,141.65, a price-to-earnings ratio of 27.51, a PEG ratio of 2.12 and a beta of 0.54. Republic Services has a one year low of $60.26 and a one year high of $69.40.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, March 29th. Republic Services’s dividend payout ratio (DPR) is 56.79%.

In other news, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $67.57, for a total transaction of $135,140.00. Following the transaction, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at $452,448.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total value of $632,204.20. Following the transaction, the chief operating officer now directly owns 12,011 shares in the company, valued at $822,152.95. The disclosure for this sale can be found here. Insiders have sold 30,364 shares of company stock worth $2,050,341 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Republic Services during the fourth quarter valued at $121,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Republic Services by 507.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 1,523 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Republic Services by 1,070.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 2,686 shares during the period. Focused Wealth Management Inc acquired a new position in shares of Republic Services during the fourth quarter valued at $199,000. Finally, Welch & Forbes LLC acquired a new position in shares of Republic Services during the fourth quarter valued at $201,000. 61.07% of the stock is currently owned by institutional investors.

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About Republic Services

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.

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