$0.79 Earnings Per Share Expected for Republic Services (RSG) This Quarter

Equities analysts predict that Republic Services (NYSE:RSG) will report $0.79 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Republic Services’ earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.77. Republic Services posted earnings per share of $0.61 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.5%. The company is expected to announce its next quarterly earnings report 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 year, with EPS estimates ranging from $3.04 to $3.10. For the next year, analysts anticipate that the firm will report earnings of $3.37 per share, with EPS estimates ranging from $3.25 to $3.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Republic Services.

Republic Services (NYSE:RSG) last announced its earnings results on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Republic Services had a return on equity of 11.29% and a net margin of 13.18%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.

A number of analysts have commented on the company. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Argus raised Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Oppenheimer reaffirmed a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. UBS Group assumed coverage on Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price target for the company. Finally, Raymond James cut 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Republic Services currently has an average rating of “Hold” and a consensus target price of $72.14.

RSG traded up $0.50 on Friday, reaching $69.23. 1,832,500 shares of the stock were exchanged, compared to its average volume of 1,665,131. Republic Services has a fifty-two week low of $60.26 and a fifty-two week high of $69.67. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $22.54 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.02 and a beta of 0.55.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be issued a $0.345 dividend. The ex-dividend date is Friday, June 29th. This represents a $1.38 annualized dividend and a dividend yield of 1.99%. Republic Services’s dividend payout ratio (DPR) is presently 56.79%.

In related news, EVP Jeffrey A. Hughes sold 16,200 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,200 shares of the company’s stock, valued at approximately $1,101,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total value of $632,204.20. Following the completion of the transaction, the chief operating officer now directly owns 12,011 shares of the company’s stock, valued at approximately $822,152.95. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. Virtus Fund Advisers LLC raised its holdings in Republic Services by 1,419.5% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,538,730 shares of the business services provider’s stock worth $104,561,000 after purchasing an additional 1,437,464 shares during the period. Ceredex Value Advisors LLC acquired a new position in Republic Services in the 1st quarter worth about $91,949,000. OppenheimerFunds Inc. raised its holdings in Republic Services by 86.2% in the 4th quarter. OppenheimerFunds Inc. now owns 2,335,645 shares of the business services provider’s stock worth $157,913,000 after purchasing an additional 1,081,097 shares during the period. Eaton Vance Management raised its holdings in Republic Services by 5,223.4% in the 1st quarter. Eaton Vance Management now owns 752,036 shares of the business services provider’s stock worth $49,807,000 after purchasing an additional 737,909 shares during the period. Finally, BlackRock Inc. raised its holdings in Republic Services by 2.1% in the 1st quarter. BlackRock Inc. now owns 20,456,218 shares of the business services provider’s stock worth $1,354,817,000 after purchasing an additional 425,547 shares during the period. 60.11% of the stock is owned by institutional investors.

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

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