Brokerages Expect Republic Services, Inc. (NYSE:RSG) Will Post Quarterly Sales of $2.62 Billion

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Equities research analysts forecast that Republic Services, Inc. (NYSE:RSG) will post $2.62 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Republic Services’ earnings. The lowest sales estimate is $2.59 billion and the highest is $2.65 billion. Republic Services posted sales of $2.53 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Republic Services will report full year sales of $10.35 billion for the current financial year, with estimates ranging from $10.32 billion to $10.38 billion. For the next fiscal year, analysts forecast that the company will post sales of $10.80 billion, with estimates ranging from $10.72 billion to $10.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Republic Services.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.69 billion. Republic Services had a return on equity of 13.13% and a net margin of 10.58%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS.

A number of analysts have recently issued reports on RSG shares. ValuEngine downgraded Republic Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $95.00 price objective on Republic Services and gave the company a “buy” rating in a report on Monday, September 23rd. Bank of America raised Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. started coverage on Republic Services in a report on Wednesday, August 7th. They set a “neutral” rating and a $94.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on Republic Services in a report on Wednesday, November 27th. They set a “buy” rating and a $100.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $88.67.

Shares of RSG traded down $0.96 during trading hours on Wednesday, reaching $87.69. 943,266 shares of the company’s stock traded hands, compared to its average volume of 1,106,474. The stock has a market cap of $28.29 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.22 and a beta of 0.49. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The firm’s 50 day simple moving average is $87.02 and its 200-day simple moving average is $87.10. Republic Services has a 12 month low of $68.94 and a 12 month high of $90.61.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.405 per share. The ex-dividend date is Wednesday, January 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.85%. Republic Services’s dividend payout ratio is 52.43%.

In other Republic Services news, CEO Donald W. Slager sold 48,891 shares of Republic Services stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $90.00, for a total value of $4,400,190.00. Following the transaction, the chief executive officer now directly owns 333,846 shares of the company’s stock, valued at approximately $30,046,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Welborn John 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. Company insiders own 0.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RSG. First Bank & Trust purchased a new position in Republic Services in the 2nd quarter worth approximately $35,000. Gradient Investments LLC increased its stake in Republic Services by 896.1% in the 3rd quarter. Gradient Investments LLC now owns 508 shares of the business services provider’s stock worth $44,000 after purchasing an additional 457 shares during the period. Usca Ria LLC purchased a new position in Republic Services in the 3rd quarter worth approximately $45,000. Atlas Capital Advisors LLC purchased a new position in Republic Services in the 3rd quarter worth approximately $50,000. Finally, CSat Investment Advisory L.P. increased its stake in Republic Services by 206.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 681 shares of the business services provider’s stock worth $59,000 after purchasing an additional 459 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

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

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