Republic Services, Inc. (RSG) Issues FY18 Earnings Guidance
Republic Services, Inc. (NYSE:RSG) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $2.53-$2.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.64.
Shares of Republic Services, Inc. (RSG) traded down $0.65 during trading on Friday, hitting $63.90. 2,583,218 shares of the stock traded hands, compared to its average volume of 1,236,209. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.92. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.92 and a beta of 0.61.
Republic Services (NYSE:RSG) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. Republic Services had a return on equity of 10.57% and a net margin of 8.15%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts expect that Republic Services, Inc. will post 2.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.16%. Republic Services’s dividend payout ratio (DPR) is presently 58.47%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Republic Services from a sell rating to a hold rating in a research note on Friday. Bank of America Corporation cut their price target on Republic Services from $72.00 to $70.00 and set a buy rating on the stock in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Republic Services in a research note on Friday, August 25th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Republic Services in a research note on Thursday, September 7th. Finally, Credit Suisse Group set a $69.00 price target on Republic Services and gave the company a hold rating in a research note on Saturday, July 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $68.29.
In other Republic Services news, EVP Catharine D. Ellingsen sold 14,250 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the transaction, the executive vice president now owns 8,007 shares of the company’s stock, valued at $528,622.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total value of $420,878.50. Following the completion of the transaction, the executive vice president now directly owns 428 shares in the company, valued at approximately $28,462. The disclosure for this sale can be found here. Insiders sold 43,187 shares of company stock worth $2,854,922 in the last three months. Insiders own 0.40% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.watchlistnews.com/republic-services-inc-rsg-issues-fy18-earnings-guidance/1678228.html.
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.
Receive News & Ratings for Republic Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.