Republic Services (NYSE:RSG) Posts Quarterly Earnings Results

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Republic Services (NYSE:RSG) posted its earnings results on Sunday. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18, MarketWatch Earnings reports. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Republic Services had a return on equity of 13.59% and a net margin of 10.05%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share.

NYSE:RSG opened at $89.00 on Tuesday. 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 12 month low of $65.37 and a 12 month high of $103.79. The company has a market cap of $28.37 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The company has a 50 day simple moving average of $92.84 and a two-hundred day simple moving average of $93.91.

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

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

RSG has been the topic of several research analyst reports. Raymond James upped their price target 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. Robert W. Baird cut Republic Services from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $103.00 to $96.00 in a research note on Tuesday, February 16th. JPMorgan Chase & Co. raised Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 target price on the stock in a research note on Tuesday. Bank of America cut Republic Services from a “buy” rating to a “neutral” rating in a research note on Monday, January 11th. Finally, Argus raised their price objective on Republic Services from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $97.31.

In other Republic Services news, CEO Donald W. Slager sold 43,199 shares of Republic Services stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 299,080 shares of the company’s stock, valued at approximately $28,367,738. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

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 for Republic Services (NYSE:RSG)

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