Republic Services, Inc. (NYSE:RSG) Updates FY17 Earnings Guidance
Republic Services, Inc. (NYSE:RSG) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $2.36-2.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.39.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Republic Services from a buy rating to a hold rating in a research note on Tuesday, June 6th. Credit Suisse Group set a $63.00 target price on Republic Services and gave the company a hold rating in a research note on Sunday, April 30th. BMO Capital Markets assumed coverage on Republic Services in a research note on Thursday, June 29th. They issued an outperform rating and a $71.00 target price on the stock. Wedbush raised their target price on Republic Services from $62.00 to $66.00 and gave the company a neutral rating in a research note on Thursday, March 30th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $73.00 target price on shares of Republic Services in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $67.90.
Republic Services, Inc. (NYSE RSG) traded up 0.93% during midday trading on Thursday, reaching $65.40. The company’s stock had a trading volume of 1,127,907 shares. The firm has a market capitalization of $22.11 billion, a PE ratio of 34.79 and a beta of 0.59. The firm has a 50 day moving average price of $64.30 and a 200 day moving average price of $62.07. Republic Services, Inc. has a 1-year low of $49.18 and a 1-year high of $65.47.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. Republic Services had a return on equity of 10.18% and a net margin of 6.75%. Republic Services’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, analysts predict that Republic Services, Inc. will post $2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.345 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a yield of 2.11%. Republic Services’s payout ratio is currently 68.45%.
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Republic Services Company Profile
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.
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