Republic Services, Inc. (NYSE:RSG) Expected to Announce Earnings of $0.87 Per Share

Wall Street brokerages expect Republic Services, Inc. (NYSE:RSG) to announce earnings of $0.87 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Republic Services’ earnings. The highest EPS estimate is $0.88 and the lowest is $0.85. Republic Services posted earnings per share of $0.82 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.1%. The firm is expected to issue its next earnings report on Thursday, October 24th.

On average, analysts expect that Republic Services will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.26. For the next financial year, analysts anticipate that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $3.47 to $3.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Republic Services.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.62 billion. Republic Services had a net margin of 10.32% and a return on equity of 12.86%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Republic Services in a report on Wednesday. They set a “neutral” rating and a $94.00 price objective on the stock. Bank of America reaffirmed a “neutral” rating and set a $85.00 price objective (up from $79.00) on shares of Republic Services in a report on Friday, April 26th. Stifel Nicolaus raised shares of Republic Services from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $90.00 in a report on Monday, April 29th. Royal Bank of Canada set a $91.00 price objective on shares of Republic Services and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.67.

RSG traded up $0.16 during mid-day trading on Friday, reaching $89.95. 849,657 shares of the stock were exchanged, compared to its average volume of 1,092,149. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $28.30 billion, a PE ratio of 29.11, a PEG ratio of 3.01 and a beta of 0.50. The business has a 50 day moving average of $87.68. Republic Services has a 1 year low of $67.48 and a 1 year high of $90.60.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a $0.405 dividend. This is an increase from Republic Services’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, September 30th. Republic Services’s payout ratio is 48.54%.

In related news, EVP Catharine D. Ellingsen sold 3,100 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $90.00, for a total value of $279,000.00. Following the transaction, the executive vice president now directly owns 14,307 shares of the company’s stock, valued at approximately $1,287,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Republic Services by 4.0% in the 1st quarter. BlackRock Inc. now owns 21,393,144 shares of the business services provider’s stock worth $1,719,581,000 after buying an additional 830,100 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Republic Services by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 5,350,319 shares of the business services provider’s stock worth $463,551,000 after buying an additional 95,240 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Republic Services by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock worth $303,237,000 after buying an additional 118,090 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Republic Services by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock worth $275,009,000 after buying an additional 324,355 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Republic Services by 7.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,434,049 shares of the business services provider’s stock worth $297,321,000 after buying an additional 241,028 shares during the last quarter. 59.02% of the stock is currently owned by institutional investors.

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.

Featured Story: What is the Book Value of a Share?

Get a free copy of the Zacks research report on Republic Services (RSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.