$ 0.93 expected EPS for Republic Services, Inc. (NYSE: RSG) this quarter
Wall Street analysts expect Republic Services, Inc. (NYSE: RSG) to post earnings per share (EPS) of $ 0.93 for the current fiscal quarter, Zacks reports. Seven analysts have released earnings estimates for Republic Services. The lowest EPS estimate is $ 0.90 and the highest is $ 0.97. Republic Services reported earnings of $ 0.81 per share for the same quarter last year, which would indicate a positive year-over-year growth rate of 14.8%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, July 29.
On average, analysts predict Republic Services will report annual earnings of $ 3.83 per share for the current fiscal year, with EPS estimates ranging from $ 3.76 to $ 3.93. For the next fiscal year, analysts predict the company will post earnings of $ 4.19 per share, with EPS estimates ranging from $ 4.08 to $ 4.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for Republic Services.
Republic Services (NYSE: RSG) last released its quarterly earnings data on Wednesday, May 5. The business services provider reported EPS of $ 0.93 for the quarter, beating Thomson Reuters consensus estimate of $ 0.86 by $ 0.07. The company posted revenue of $ 2.60 billion in the quarter, compared to a consensus estimate of $ 2.61 billion. Republic Services had a net margin of 9.97% and a return on equity of 14.17%.
Several research analysts recently commented on the title. Raymond James raised his price target for Republic Services stock from $ 111.00 to $ 117.00 and rated the stock as “outperforming” in a report released on Thursday, May 6. Morgan Stanley Upgraded Republic Services Shares From ‘Equal Weight’ To ‘Overweight’ Rating And Raised Its Target Share Price From $ 109.00 To $ 126.00 In Research Note Tuesday July 13. Oppenheimer raised its target price on Republic Services shares from $ 117.00 to $ 121.00 and gave the stock an “outperformance” rating in a research note on Friday. Finally, the Goldman Sachs group assumed the coverage of Republic Services shares in a research note on Wednesday, April 7. They issued a â€œbuyâ€ note and a target price of $ 117.00 on the stock. One analyst rated the stock with a sell rating, two issued a conservation rating, and eight assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $ 109.82.
RSG opened at $ 115.24 on Monday. The company has a 50-day simple moving average of $ 110.03. The company has a market cap of $ 36.77 billion, a P / E ratio of 36.13, a PEG ratio of 3.06 and a beta of 0.70. Republic Services has a 12-month low of $ 84.44 and a 12-month high of $ 116.21. The company has a leverage ratio of 0.99, a quick ratio of 0.67, and a current ratio of 0.67.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 15. Shareholders of record on Thursday, July 1 received a dividend of $ 0.425 per share. This represents an annualized dividend of $ 1.70 and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday June 30. Republic Services’ dividend payout ratio (DPR) is currently 47.75%.
Separately, COO Timothy E. Stuart sold 12,788 shares in a trade on Monday, May 10. The shares were sold at an average price of $ 112.31, for a total transaction of $ 1,436,220.28. The transaction was disclosed in a document filed with the SEC, accessible through this link. Additionally, CAO Brian A. Goebel sold 1,224 shares in a trade on Friday, May 7. The shares were sold at an average price of $ 110.67, for a total trade of $ 135,460.08. In the past 90 days, insiders have sold 22,856 shares of the company valued at $ 2,562,565. Company insiders own 0.20% of the company’s shares.
Several hedge funds have recently increased or reduced their holdings in the stock. JPMorgan Chase & Co. increased its stake in Republic Services shares by 9.0% in the first quarter. JPMorgan Chase & Co. now owns 6,355,888 shares of the business services provider valued at $ 631,458,000 after purchasing an additional 524,587 shares in the last quarter. Nordea Investment Management AB increased its stake in Republic Services by 147.2% in the 1st quarter. Nordea Investment Management AB now owns 5,033,908 shares of the business service provider valued at $ 499,062,000 after acquiring an additional 2,997,759 shares in the last quarter. Geode Capital Management LLC increased its stake in Republic Services by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 4,051,948 shares of the business service provider valued at $ 401,619,000 after acquiring an additional 153,717 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Republic Services by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,913,621 shares of the business services provider valued at $ 388,857,000 after acquiring an additional 26,238 shares in the last quarter. Finally, Norges Bank took a new stake in Republic Services in the 4th quarter for an amount of $ 208,205,000. 57.21% of the shares are currently held by institutional investors.
About the services of the Republic
Republic Services, Inc., along with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling and environmental services in the United States. The company serves customers of small and large containers, as well as municipal and residential customers. The company’s collection services include separate collection of materials for transport to transfer stations, landfills or recycling processing centers; provision of recycling and waste containers; and rental of compactors.
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