Republic Services (RSG) Set to Announce Quarterly Earnings on Thursday

Republic Services (NYSE:RSGGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, August 4th. Analysts expect Republic Services to post earnings of $1.18 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Republic Services (NYSE:RSGGet Rating) last released its quarterly earnings results on Thursday, May 5th. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Republic Services had a net margin of 11.54% and a return on equity of 15.60%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business earned $0.93 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect Republic Services to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Republic Services Stock Up 1.1 %

NYSE:RSG opened at $132.94 on Thursday. Republic Services has a fifty-two week low of $113.57 and a fifty-two week high of $145.98. The stock has a market capitalization of $41.99 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.75 and a current ratio of 0.75. The company’s 50-day simple moving average is $129.77 and its 200-day simple moving average is $129.12.

Republic Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, June 30th. Republic Services’s dividend payout ratio is currently 43.60%.

Insiders Place Their Bets

In other news, COO Timothy E. Stuart sold 15,000 shares of Republic Services stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the completion of the transaction, the chief operating officer now directly owns 19,675 shares of the company’s stock, valued at approximately $2,659,863.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Brian A. Goebel sold 347 shares of Republic Services stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $135.01, for a total transaction of $46,848.47. Following the completion of the transaction, the chief accounting officer now directly owns 6,186 shares of the company’s stock, valued at approximately $835,171.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Timothy E. Stuart sold 15,000 shares of Republic Services stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the completion of the sale, the chief operating officer now directly owns 19,675 shares in the company, valued at approximately $2,659,863.25. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Republic Services by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 17,800,921 shares of the business services provider’s stock valued at $2,358,621,000 after acquiring an additional 168,696 shares during the period. Invesco Ltd. boosted its stake in Republic Services by 18.4% during the 1st quarter. Invesco Ltd. now owns 2,723,076 shares of the business services provider’s stock worth $360,808,000 after purchasing an additional 422,281 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Republic Services by 20.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,804,322 shares of the business services provider’s stock worth $239,073,000 after purchasing an additional 302,987 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Republic Services by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,038,825 shares of the business services provider’s stock worth $137,645,000 after purchasing an additional 26,620 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Republic Services by 28.1% during the 1st quarter. First Trust Advisors LP now owns 704,533 shares of the business services provider’s stock worth $93,351,000 after purchasing an additional 154,337 shares during the last quarter. Institutional investors and hedge funds own 92.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on RSG shares. Bank of America raised shares of Republic Services from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $150.00 in a research report on Friday, May 13th. StockNews.com started coverage on shares of Republic Services in a research report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Raymond James increased their price objective on shares of Republic Services from $140.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Thursday, June 16th. Finally, Morgan Stanley raised their price target on shares of Republic Services from $142.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $141.43.

About Republic Services

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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 for Republic Services (NYSE:RSG)

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