Republic Services (NYSE:RSG) Issues FY21 Earnings Guidance


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Republic Services (NYSE:RSG) issued an update on its FY21 earnings guidance on Monday morning. The company provided EPS guidance of $3.65-3.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.70. Republic Services also updated its FY 2021
After-Hours guidance to 3.65-3.73 EPS.

Shares of RSG traded down $1.59 during trading hours on Monday, reaching $89.00. 1,959,930 shares of the stock traded hands, compared to its average volume of 1,233,070. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. Republic Services has a 52-week low of $65.37 and a 52-week high of $103.79. The company’s 50-day moving average price is $92.84 and its two-hundred day moving average price is $93.91. The company has a market cap of $28.37 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.

Republic Services (NYSE:RSG) last released its earnings results on Monday, February 22nd. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Republic Services had a net margin of 10.05% and a return on equity of 13.59%. Republic Services’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. On average, research analysts forecast that Republic Services will post 3.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 1st will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 31st. Republic Services’s payout ratio is currently 50.90%.

Republic Services announced that its board has authorized a share repurchase program on Thursday, November 5th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

RSG has been the topic of a number of research reports. Robert W. Baird downgraded shares of Republic Services from an outperform rating to a neutral rating and reduced their target price for the stock from $103.00 to $96.00 in a report on Tuesday, February 16th. Zacks Investment Research downgraded shares of Republic Services from a hold rating to a sell rating and set a $101.00 target price on the stock. in a report on Wednesday, January 13th. Argus boosted their target price on shares of Republic Services from $102.00 to $110.00 and gave the stock a buy rating in a report on Wednesday, November 18th. Bank of America downgraded shares of Republic Services from a buy rating to a neutral rating in a report on Monday, January 11th. Finally, Raymond James boosted their target price on shares of Republic Services from $97.00 to $102.00 and gave the stock an outperform rating in a report on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $97.08.

In other Republic Services news, CEO Donald W. Slager sold 43,199 shares of the company’s stock in a transaction dated Friday, December 11th. The shares were sold at an average price of $94.85, for a total value of $4,097,425.15. Following the transaction, the chief executive officer now directly owns 299,080 shares in the company, valued at approximately $28,367,738. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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

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