Brokerages expect that Republic Services, Inc. (NYSE:RSG) will post earnings per share (EPS) of $0.63 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Republic Services’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.64. Republic Services reported earnings per share of $0.62 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The company is expected to issue its next earnings report on Thursday, October 26th.
On average, analysts expect that Republic Services will report full-year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.40. For the next fiscal year, analysts forecast that the firm will report earnings of $2.64 per share, with EPS estimates ranging from $2.60 to $2.68. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Republic Services.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year.
Several research analysts recently weighed in on RSG shares. Credit Suisse Group set a $63.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. BMO Capital Markets boosted their price objective on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, May 25th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Republic Services in a research report on Wednesday, July 19th. Finally, Barclays PLC restated a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Republic Services presently has an average rating of “Hold” and a consensus target price of $69.78.
Republic Services (RSG) traded down 0.16% during mid-day trading on Friday, reaching $63.98. The company had a trading volume of 634,208 shares. The company’s 50 day moving average is $64.37 and its 200 day moving average is $62.64. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 32.84 and a beta of 0.58. Republic Services has a 52-week low of $49.18 and a 52-week high of $65.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, September 29th. This is a boost from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s payout ratio is 65.64%.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Republic Services by 2,800.0% in the first quarter. BlackRock Inc. now owns 19,058,635 shares of the business services provider’s stock valued at $1,197,070,000 after buying an additional 18,401,448 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Republic Services by 6.1% in the first quarter. Vanguard Group Inc. now owns 18,796,178 shares of the business services provider’s stock valued at $1,180,588,000 after buying an additional 1,086,931 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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. Wellington Management Group LLP acquired a new stake in shares of Republic Services during the first quarter valued at approximately $39,751,000. Finally, State Street Corp boosted its stake in shares of Republic Services by 4.5% in the first quarter. State Street Corp now owns 11,649,668 shares of the business services provider’s stock valued at $731,866,000 after buying an additional 501,491 shares during the last quarter. Institutional investors own 61.66% of the company’s stock.
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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