Brokerages Anticipate Republic Services, Inc. (NYSE:RSG) Will Post Earnings of $0.59 Per Share
Equities analysts expect Republic Services, Inc. (NYSE:RSG) to announce earnings per share (EPS) of $0.59 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Republic Services’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.61. Republic Services reported earnings per share of $0.55 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The company is expected to announce its next earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Republic Services will report full-year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.41. For the next fiscal year, analysts expect that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.57 to $2.68. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.36 billion. Republic Services had a return on equity of 10.18% and a net margin of 6.75%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS.
RSG has been the topic of several recent analyst reports. Barclays PLC reiterated a “hold” rating and issued a $59.00 price target on shares of Republic Services in a report on Friday, April 28th. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, July 14th. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Republic Services in a report on Wednesday, July 19th. Wedbush raised their price objective on Republic Services from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, March 30th. Finally, BMO Capital Markets started coverage on Republic Services in a report on Thursday, June 29th. They set an “outperform” rating and a $71.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.90.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of Republic Services by 4.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,970 shares of the business services provider’s stock valued at $455,000 after buying an additional 340 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Republic Services during the fourth quarter valued at about $957,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Republic Services during the fourth quarter valued at about $427,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Republic Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,222 shares of the business services provider’s stock valued at $12,513,000 after buying an additional 5,628 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in shares of Republic Services by 0.8% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 419,621 shares of the business services provider’s stock valued at $26,356,000 after buying an additional 3,265 shares during the period. Institutional investors own 61.48% of the company’s stock.
Shares of Republic Services (RSG) traded down 0.60% during midday trading on Monday, hitting $64.51. The stock had a trading volume of 720,466 shares. The company has a market cap of $21.81 billion, a PE ratio of 34.31 and a beta of 0.59. Republic Services has a 52-week low of $49.18 and a 52-week high of $65.34. The company’s 50 day moving average is $64.24 and its 200 day moving average is $61.84.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.28 annualized dividend and a yield of 1.98%. Republic Services’s payout ratio is currently 68.45%.
About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.