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.

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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.

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

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