Zacks: Brokerages Expect Republic Services, Inc. (NYSE:RSG) to Post $0.78 Earnings Per Share
Analysts forecast that Republic Services, Inc. (NYSE:RSG) will post $0.78 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Republic Services’ earnings, with the highest EPS estimate coming in at $0.82 and the lowest estimate coming in at $0.77. Republic Services reported earnings of $0.73 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The business is expected to announce its next earnings results after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Republic Services will report full year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.27. For the next financial year, analysts expect that the company will report earnings of $3.57 per share, with EPS estimates ranging from $3.50 to $3.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Republic Services.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.50 billion. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS.
Republic Services stock traded down $0.59 on Tuesday, reaching $86.71. 1,700,555 shares of the stock were exchanged, compared to its average volume of 960,905. The firm has a market cap of $27.88 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.42 and a quick ratio of 0.42. Republic Services has a twelve month low of $67.48 and a twelve month high of $87.52.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 1.73%. Republic Services’s payout ratio is 48.54%.
In related news, President Ark Jon Vander sold 19,278 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $82.33, for a total value of $1,587,157.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian A. Bales sold 22,831 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $82.67, for a total transaction of $1,887,438.77. Following the completion of the sale, the executive vice president now directly owns 23,804 shares in the company, valued at approximately $1,967,876.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,575 shares of company stock worth $12,472,125. Insiders own 0.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of RSG. FMR LLC grew its stake in Republic Services by 104.6% during the first quarter. FMR LLC now owns 143,930 shares of the business services provider’s stock worth $11,570,000 after buying an additional 73,568 shares during the last quarter. Horizon Investments LLC grew its stake in Republic Services by 7.4% during the first quarter. Horizon Investments LLC now owns 41,983 shares of the business services provider’s stock worth $3,375,000 after buying an additional 2,875 shares during the last quarter. Cerebellum GP LLC grew its stake in Republic Services by 19.1% during the first quarter. Cerebellum GP LLC now owns 4,239 shares of the business services provider’s stock worth $341,000 after buying an additional 680 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in Republic Services during the first quarter worth about $221,000. Finally, Marshall Wace North America L.P. bought a new stake in Republic Services during the first quarter worth about $520,000. 58.82% of the stock is currently owned by institutional investors and hedge funds.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. 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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