Republic Services, Inc. (NYSE:RSG) – Equities research analysts at Oppenheimer Holdings lifted their FY2018 earnings per share estimates for shares of Republic Services in a research report issued on Tuesday. Oppenheimer Holdings analyst N. Kaye now anticipates that the business services provider will post earnings per share of $2.69 for the year, up from their prior forecast of $2.66. Oppenheimer Holdings has a “Hold” rating on the stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price target on shares of Republic Services in a research note on Friday, October 13th. Bank of America Corporation cut their price target on Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 5th. Stifel Nicolaus downgraded Republic Services from a “buy” rating to a “hold” rating and cut their price target for the stock from $76.00 to $70.00 in a research note on Wednesday, October 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Republic Services in a research note on Thursday, September 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Republic Services in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $71.33.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/19/oppenheimer-holdings-equities-analysts-boost-earnings-estimates-for-republic-services-inc-rsg.html.

Republic Services (RSG) traded up 0.595% during mid-day trading on Wednesday, reaching $63.405. The company’s stock had a trading volume of 443,225 shares. The firm has a 50-day moving average of $65.20 and a 200 day moving average of $64.12. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of 32.549 and a beta of 0.60. Republic Services has a 1-year low of $49.44 and a 1-year high of $67.18.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Republic Services by 0.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,821 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 16 shares during the last quarter. MUFG Americas Holdings Corp increased its holdings in shares of Republic Services by 0.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 4,971 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 20 shares during the last quarter. Blue Chip Partners Inc. increased its holdings in shares of Republic Services by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 4,763 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 25 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Republic Services by 1.9% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 3,293 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 60 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Republic Services by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 78 shares during the last quarter. 60.50% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Donald W. Slager sold 22,608 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now owns 246,617 shares of the company’s stock, valued at approximately $16,289,052.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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 have sold a total of 43,187 shares of company stock valued at $2,854,922 over the last ninety days. Company insiders own 0.40% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a dividend of $0.345 per share. The ex-dividend date was Friday, September 29th. This is an increase from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.19%. Republic Services’s dividend payout ratio (DPR) is 70.77%.

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)

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 MarketBeat.com's FREE daily email newsletter.