Republic Services, Inc. (NYSE:RSG) – Equities research analysts at First Analysis issued their Q2 2018 earnings per share (EPS) estimates for Republic Services in a note issued to investors on Sunday. First Analysis analyst C. Greendale anticipates that the business services provider will earn $0.79 per share for the quarter. First Analysis also issued estimates for Republic Services’ FY2019 earnings at $3.40 EPS.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
Republic Services (NYSE:RSG) opened at $62.62 on Tuesday. Republic Services has a 12-month low of $58.06 and a 12-month high of $69.40. The company has a market cap of $20,521.99, a PE ratio of 25.39, a PEG ratio of 1.94 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.51.
Institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new stake in Republic Services in the 4th quarter worth about $121,000. Benjamin F. Edwards & Company Inc. raised its stake in Republic Services by 507.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Republic Services by 1,070.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after purchasing an additional 2,686 shares in the last quarter. Welch & Forbes LLC acquired a new stake in Republic Services in the 4th quarter worth about $201,000. Finally, Schroder Investment Management Group raised its stake in Republic Services by 41.4% in the 4th quarter. Schroder Investment Management Group now owns 3,104 shares of the business services provider’s stock worth $210,000 after purchasing an additional 909 shares in the last quarter. Institutional investors and hedge funds own 59.31% of the company’s stock.
In other Republic Services news, CAO Brian A. Goebel sold 2,000 shares of Republic Services stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $67.88, for a total value of $135,760.00. Following the completion of the sale, the chief accounting officer now owns 6,696 shares in the company, valued at approximately $454,524.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Donald W. Slager sold 98,132 shares of Republic Services stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the completion of the sale, the chief executive officer now owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The disclosure for this sale can be found here. Insiders have sold a total of 104,642 shares of company stock valued at $6,741,314 in the last ninety days. 0.40% of the stock is currently owned by insiders.
Republic Services announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, March 29th. Republic Services’s payout ratio is 36.41%.
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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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