Zacks: Brokerages Anticipate Republic Services, Inc. (NYSE:RSG) Will Announce Earnings of $1.19 Per Share

Wall Street analysts expect that Republic Services, Inc. (NYSE:RSGGet Rating) will post earnings per share of $1.19 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Republic Services’ earnings. The highest EPS estimate is $1.29 and the lowest is $1.12. Republic Services posted earnings per share of $1.09 in the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Republic Services will report full-year earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $4.78. For the next financial year, analysts expect that the firm will report earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Republic Services.

Republic Services (NYSE:RSGGet Rating) last released its earnings results on Thursday, May 5th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Republic Services had a return on equity of 15.65% and a net margin of 11.54%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year.

A number of research firms recently weighed in on RSG. Raymond James lifted their target price on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. JPMorgan Chase & Co. started coverage on Republic Services in a report on Tuesday, March 1st. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on Republic Services from $142.00 to $139.00 and set a “hold” rating on the stock in a report on Monday, February 14th. Morgan Stanley lifted their price objective on Republic Services from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, March 8th. Finally, StockNews.com began coverage on Republic Services in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $134.86.

RSG stock opened at $127.72 on Friday. Republic Services has a twelve month low of $106.46 and a twelve month high of $145.98. The company has a market cap of $40.35 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. The business’s 50-day simple moving average is $131.85 and its 200 day simple moving average is $131.14. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.06.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 30th. Republic Services’s payout ratio is currently 43.60%.

In related news, major shareholder Cascade Investment, L.L.C. acquired 259,085 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was purchased at an average price of $117.03 per share, for a total transaction of $30,320,717.55. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 710,420 shares of company stock valued at $83,099,992 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of RSG. Glassman Wealth Services raised its position in Republic Services by 116.8% in the 1st quarter. Glassman Wealth Services now owns 206 shares of the business services provider’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Godsey & Gibb Associates bought a new stake in shares of Republic Services during the 4th quarter valued at $28,000. Masso Torrence Wealth Management Inc. bought a new stake in shares of Republic Services during the 4th quarter valued at $32,000. FinTrust Capital Advisors LLC raised its position in shares of Republic Services by 123.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 237 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 131 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in shares of Republic Services during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 92.80% of the company’s stock.

Republic Services Company Profile (Get Rating)

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste, and other environmental solutions. Its collection services include curbside collection of material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

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

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