Republic Services, Inc. (RSG) Expected to Post Earnings of $0.75 Per Share

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Equities analysts predict that Republic Services, Inc. (NYSE:RSG) will post earnings per share of $0.75 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Republic Services’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.70. Republic Services reported earnings of $0.74 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, April 25th.

On average, analysts expect that Republic Services will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.23 to $3.27. For the next fiscal year, analysts forecast that the company will post earnings of $3.59 per share, with EPS estimates ranging from $3.57 to $3.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Republic Services.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a net margin of 10.33% and a return on equity of 12.84%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share.

RSG has been the topic of several recent analyst reports. KeyCorp initiated coverage on shares of Republic Services in a research note on Monday, February 4th. They issued a “sector weight” rating and a $77.73 price target on the stock. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Goldman Sachs Group upgraded shares of Republic Services to a “hold” rating and set a $79.00 price target on the stock in a research note on Tuesday, December 4th. Finally, UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $77.00 in a research note on Thursday, January 10th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Republic Services presently has an average rating of “Hold” and an average price target of $76.59.

In related news, CAO Brian A. Goebel sold 2,000 shares of the stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $74.25, for a total transaction of $148,500.00. Following the completion of the sale, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at $607,810.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian A. Goebel sold 3,000 shares of the stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $72.97, for a total value of $218,910.00. Following the sale, the chief accounting officer now directly owns 9,186 shares of the company’s stock, valued at $670,302.42. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock valued at $581,220 over the last three months. Corporate insiders own 0.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van Leeuwen & Company LLC lifted its holdings in shares of Republic Services by 2.2% during the fourth quarter. Van Leeuwen & Company LLC now owns 8,310 shares of the business services provider’s stock worth $599,000 after purchasing an additional 180 shares during the period. Norges Bank acquired a new stake in shares of Republic Services during the fourth quarter worth $216,948,000. Teacher Retirement System of Texas lifted its holdings in shares of Republic Services by 20.3% during the fourth quarter. Teacher Retirement System of Texas now owns 716,159 shares of the business services provider’s stock worth $51,628,000 after purchasing an additional 121,043 shares during the period. FMR LLC lifted its holdings in shares of Republic Services by 15.5% during the fourth quarter. FMR LLC now owns 70,362 shares of the business services provider’s stock worth $5,072,000 after purchasing an additional 9,446 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Republic Services during the fourth quarter worth $310,000. 59.46% of the stock is owned by hedge funds and other institutional investors.

Republic Services stock traded down $0.46 during mid-day trading on Tuesday, hitting $78.90. The company had a trading volume of 1,311,507 shares, compared to its average volume of 1,212,018. The firm has a market capitalization of $25.38 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.75 and a beta of 0.58. Republic Services has a 1 year low of $64.13 and a 1 year high of $79.47. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, March 29th. Republic Services’s payout ratio is currently 48.54%.

Republic Services Company Profile

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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Earnings History and Estimates for Republic Services (NYSE:RSG)

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