Republic Services, Inc. (NYSE:RSG) – Stock analysts at Gabelli issued their FY2022 earnings per share estimates for Republic Services in a research report issued on Monday. Gabelli analyst T. Bancroft anticipates that the business services provider will post earnings per share of $4.35 for the year.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Republic Services had a net margin of 12.73% and a return on equity of 10.61%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share.
Republic Services (NYSE:RSG) traded up $0.66 during midday trading on Tuesday, reaching $63.28. 2,628,959 shares of the company were exchanged, compared to its average volume of 1,520,183. The firm has a market capitalization of $20,800.00, a P/E ratio of 16.62, a PEG ratio of 1.94 and a beta of 0.54. Republic Services has a 52 week low of $58.06 and a 52 week high of $69.40. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.94.
Several institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in shares of Republic Services during the 4th quarter worth about $121,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Republic Services by 507.7% during 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 during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Republic Services by 1,070.1% during 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 during the last quarter. Welch & Forbes LLC acquired a new position in shares of Republic Services during the 4th quarter worth about $201,000. Finally, Schroder Investment Management Group raised its position in shares of Republic Services by 41.4% during 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 during the last quarter. Institutional investors and hedge funds own 59.31% of the company’s stock.
In other Republic Services news, CEO Donald W. Slager sold 98,132 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the transaction, the chief executive officer now owns 322,541 shares in the company, valued at $20,703,906.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian A. Goebel sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $67.88, for a total transaction of $135,760.00. Following the completion of the transaction, the chief accounting officer now owns 6,696 shares of the company’s stock, valued at approximately $454,524.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,642 shares of company stock valued at $6,741,314. Insiders own 0.40% of the company’s stock.
Republic Services declared that its board has authorized a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.18%. Republic Services’s dividend payout ratio (DPR) is currently 36.51%.
About Republic Services
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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