FY2017 Earnings Forecast for Republic Services, Inc. Issued By First Analysis (RSG)

Republic Services, Inc. (NYSE:RSG) – Research analysts at First Analysis raised their FY2017 EPS estimates for shares of Republic Services in a research report issued to clients and investors on Thursday. First Analysis analyst C. Greendale now expects that the business services provider will earn $2.40 per share for the year, up from their previous estimate of $2.38. First Analysis also issued estimates for Republic Services’ Q4 2017 earnings at $0.58 EPS.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share 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 during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $0.62 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

A number of other analysts also recently weighed in on RSG. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $73.00 in a report on Thursday, January 4th. BMO Capital Markets decreased their price objective on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Zacks Investment Research downgraded shares of Republic Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Credit Suisse Group decreased their price objective on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 6th. Finally, Bank of America decreased their price objective on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $68.14.

Republic Services (RSG) traded down $0.34 during mid-day trading on Friday, hitting $67.91. 1,250,900 shares of the stock were exchanged, compared to its average volume of 1,259,017. Republic Services has a twelve month low of $56.83 and a twelve month high of $69.12. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market capitalization of $22,700.00, a P/E ratio of 28.78, a P/E/G ratio of 3.12 and a beta of 0.61.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, December 29th. Republic Services’s dividend payout ratio is presently 58.47%.

Republic Services announced that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

In other Republic Services news, CAO Brian A. Goebel sold 1,290 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total value of $88,287.60. Following the sale, the chief accounting officer now directly owns 6,696 shares in the company, valued at $458,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald W. Slager sold 32,421 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $64.00, for a total value of $2,074,944.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,843 shares of company stock valued at $8,733,225. 0.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of RSG. Janus Henderson Group PLC lifted its stake in Republic Services by 13,584.4% in the second quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock valued at $238,663,000 after buying an additional 3,717,509 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Republic Services by 89.0% in the second quarter. Renaissance Technologies LLC now owns 1,653,800 shares of the business services provider’s stock valued at $105,397,000 after buying an additional 778,800 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Republic Services by 39.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,592,679 shares of the business services provider’s stock valued at $101,501,000 after buying an additional 452,390 shares during the last quarter. Vanguard Group Inc. lifted its stake in Republic Services by 2.2% in the second quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock valued at $1,224,571,000 after buying an additional 418,797 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Republic Services in the second quarter valued at $18,441,000. Institutional investors own 59.97% of the company’s stock.

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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.

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

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