Analysts Anticipate Republic Services, Inc. (RSG) to Announce $0.58 Earnings Per Share
Analysts forecast that Republic Services, Inc. (NYSE:RSG) will post earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Republic Services’ earnings, with estimates ranging from $0.56 to $0.62. Republic Services posted earnings per share of $0.57 during the same quarter last year, which would indicate a positive year over year growth rate of 1.8%. The business is scheduled to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Republic Services will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.37 to $2.47. For the next fiscal year, analysts forecast that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $2.53 to $2.63. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the business posted $0.62 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis.
In related news, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $66.05, for a total value of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares of the company’s stock, valued at approximately $28,462. The disclosure for this sale can be found here. In the last ninety days, insiders sold 173,740 shares of company stock valued at $11,228,959. 0.40% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in RSG. Evercore Wealth Management LLC grew its position in shares of Republic Services by 48.6% in the 2nd quarter. Evercore Wealth Management LLC now owns 1,593 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 521 shares during the period. Sun Life Financial INC grew its position in shares of Republic Services by 20,900.0% in the 2nd quarter. Sun Life Financial INC now owns 1,680 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 1,672 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of Republic Services in the 2nd quarter valued at about $141,000. Acrospire Investment Management LLC bought a new position in shares of Republic Services in the 2nd quarter valued at about $191,000. Finally, Pinnacle Financial Partners Inc. grew its position in shares of Republic Services by 1.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 60 shares during the period. 60.00% of the stock is owned by institutional investors and hedge funds.
Shares of Republic Services (RSG) opened at $64.22 on Friday. Republic Services has a twelve month low of $55.07 and a twelve month high of $67.18. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. The company has a market cap of $21,463.93, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.16 and a beta of 0.60.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is currently 58.47%.
Republic Services declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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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