$2.42 Billion in Sales Expected for Republic Services, Inc. (RSG) This Quarter
Analysts expect Republic Services, Inc. (NYSE:RSG) to report $2.42 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Republic Services’ earnings. The lowest sales estimate is $2.41 billion and the highest is $2.43 billion. Republic Services posted sales of $2.39 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The business is expected to report its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Republic Services will report full year sales of $2.42 billion for the current year, with estimates ranging from $10.05 billion to $10.12 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.53 billion per share, with estimates ranging from $10.46 billion to $10.57 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $0.57 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis.
In other news, CAO Brian A. Goebel sold 1,220 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $68.06, for a total transaction of $83,033.20. Following the completion of the sale, the chief accounting officer now owns 7,406 shares in the company, valued at approximately $504,052.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian A. Goebel sold 1,290 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total transaction of $88,287.60. Following the sale, the chief accounting officer now owns 6,696 shares of the company’s stock, valued at approximately $458,274.24. 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 90 days. Insiders own 0.40% of the company’s stock.
Several large investors have recently modified their holdings of RSG. SeaCrest Wealth Management LLC purchased a new stake in Republic Services in the 4th quarter valued at $121,000. Benjamin F. Edwards & Company Inc. raised its position 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 valued at $123,000 after purchasing an additional 1,523 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $199,000 after purchasing an additional 2,686 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in Republic Services in the 4th quarter valued at $199,000. Finally, Welch & Forbes LLC purchased a new stake in Republic Services in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 59.31% of the company’s stock.
Shares of Republic Services (NYSE RSG) traded up $0.92 during trading on Friday, reaching $65.14. 1,907,883 shares of the company were exchanged, compared to its average volume of 1,738,511. Republic Services has a one year low of $58.60 and a one year 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. The stock has a market capitalization of $21,575.28, a P/E ratio of 17.19, a P/E/G ratio of 2.07 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.345 per share. The ex-dividend date is Thursday, March 29th. This represents a $1.38 annualized dividend and a dividend yield of 2.12%. Republic Services’s dividend payout ratio is presently 36.41%.
Republic Services announced that its Board of Directors 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 buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
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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