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.
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.
WARNING: “FY2017 Earnings Forecast for Republic Services, Inc. Issued By First Analysis (RSG)” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/19/fy2017-earnings-forecast-for-republic-services-inc-issued-by-first-analysis-rsg.html.
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.
Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.