Republic Services, Inc. (NYSE:RSG) – Equities researchers at First Analysis issued their Q1 2018 earnings per share (EPS) estimates for shares of Republic Services in a research note issued on Thursday. First Analysis analyst C. Greendale forecasts that the business services provider will post earnings per share of $0.68 for the quarter. First Analysis also issued estimates for Republic Services’ FY2018 earnings at $3.17 EPS.
Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. Republic Services’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS.
Shares of Republic Services (NYSE:RSG) opened at $68.20 on Monday. The firm has a market capitalization of $22,794.14, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93. Republic Services has a 1 year low of $56.83 and a 1 year high of $69.12.
A number of hedge funds have recently made changes to their positions in RSG. Eaton Vance Management grew its stake in Republic Services by 55.3% during the 2nd quarter. Eaton Vance Management now owns 14,377 shares of the business services provider’s stock worth $916,000 after buying an additional 5,120 shares during the last quarter. ProShare Advisors LLC grew its stake in Republic Services by 0.7% during the 2nd quarter. ProShare Advisors LLC now owns 52,996 shares of the business services provider’s stock worth $3,377,000 after buying an additional 350 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Republic Services by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,700 shares of the business services provider’s stock worth $554,000 after buying an additional 220 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Republic Services by 2.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 28,087 shares of the business services provider’s stock worth $1,790,000 after buying an additional 629 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in Republic Services by 152.4% during the 2nd quarter. GSA Capital Partners LLP now owns 16,741 shares of the business services provider’s stock valued at $1,067,000 after purchasing an additional 10,109 shares during the last quarter. Hedge funds and other institutional investors own 59.97% of the company’s stock.
In related news, insider Donald W. Slager sold 32,421 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total transaction of $2,074,944.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $67.88, for a total value of $135,760.00. Following the transaction, the chief accounting officer now owns 6,696 shares in the company, valued at $454,524.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,843 shares of company stock worth $8,733,225. 0.40% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.345 per share. The ex-dividend date was Friday, December 29th. This represents a $1.38 annualized dividend and a yield of 2.02%. Republic Services’s dividend payout ratio (DPR) is 58.47%.
Republic Services announced that its board has authorized a stock buyback plan on Thursday, November 2nd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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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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