Wall Street analysts predict that Republic Services (NYSE:RSG) will report earnings of $0.79 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Republic Services’ earnings, with estimates ranging from $0.77 to $0.81. Republic Services reported earnings per share of $0.61 in the same quarter last year, which suggests a positive year over year growth rate of 29.5%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 26th.
According to Zacks, analysts expect that Republic Services will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.04 to $3.10. For the next fiscal year, analysts forecast that the business will report earnings of $3.37 per share, with EPS estimates ranging from $3.25 to $3.52. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Republic Services had a return on equity of 11.29% and a net margin of 13.18%. Republic Services’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share.
A number of analysts recently issued reports on RSG shares. Raymond James downgraded Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Wednesday, April 11th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Oppenheimer restated a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. UBS Group downgraded Republic Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 11th. Finally, Argus upgraded Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.14.
RSG traded down $0.26 during trading on Tuesday, reaching $69.20. The company had a trading volume of 45,848 shares, compared to its average volume of 1,357,442. The company has a market cap of $22.87 billion, a PE ratio of 28.49, a P/E/G ratio of 2.05 and a beta of 0.55. Republic Services has a 52 week low of $60.26 and a 52 week high of $69.97. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be paid a $0.345 dividend. The ex-dividend date is Friday, June 29th. This represents a $1.38 dividend on an annualized basis and a yield of 1.99%. Republic Services’s payout ratio is 56.79%.
In other Republic Services news, EVP Jeffrey A. Hughes sold 16,200 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $68.00, for a total value of $1,101,600.00. Following the sale, the executive vice president now owns 16,200 shares in the company, valued at $1,101,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of Republic Services during the first quarter valued at $149,000. Focused Wealth Management Inc purchased a new position in Republic Services in the 4th quarter valued at approximately $199,000. Tower Research Capital LLC TRC increased its stake in Republic Services by 1,070.1% in the 4th 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 in the last quarter. Schroder Investment Management Group increased its stake in Republic Services by 41.4% in the 4th quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 909 shares in the last quarter. Finally, HBK Investments L P purchased a new position in Republic Services in the 4th quarter valued at approximately $223,000. Hedge funds and other institutional investors own 60.17% of the company’s stock.
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; supply of waste containers; and renting of compactors.
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