Brokerages forecast that Republic Services, Inc. (NYSE:RSG) will post earnings per share of $0.57 for the current quarter, according to Zacks. Four analysts have issued estimates for Republic Services’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.56. Republic Services also posted earnings per share of $0.57 during the same quarter last year. The company is expected to report its next earnings report after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that Republic Services will report full year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.47. For the next fiscal year, analysts expect that the firm will post earnings of $2.66 per share, with EPS estimates ranging from $2.55 to $3.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Republic Services.
Republic Services (NYSE:RSG) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.
In other news, CEO Donald W. Slager sold 98,132 shares of Republic Services stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total transaction of $6,299,093.08. Following the sale, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at $20,703,906.79. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald W. Slager sold 32,421 shares of Republic Services stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total value of $2,074,944.00. The disclosure for this sale can be found here. Insiders sold 135,843 shares of company stock worth $8,733,225 over the last three months. 0.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in RSG. Janus Henderson Group PLC increased its position in shares of Republic Services by 13,584.4% during the second quarter. Janus Henderson Group PLC now owns 3,744,875 shares of the business services provider’s stock worth $238,663,000 after acquiring an additional 3,717,509 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Republic Services by 89.0% during the second quarter. Renaissance Technologies LLC now owns 1,653,800 shares of the business services provider’s stock worth $105,397,000 after acquiring an additional 778,800 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Republic Services by 39.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,592,679 shares of the business services provider’s stock worth $101,501,000 after acquiring an additional 452,390 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Republic Services by 2.2% during the second quarter. Vanguard Group Inc. now owns 19,214,975 shares of the business services provider’s stock worth $1,224,571,000 after acquiring an additional 418,797 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Republic Services during the second quarter worth about $18,441,000. 59.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Republic Services (NYSE:RSG) remained flat at $$68.28 during trading on Tuesday. 754,748 shares of the company’s stock were exchanged, compared to its average volume of 1,211,787. Republic Services has a 52-week low of $56.83 and a 52-week high of $69.12. The stock has a market cap of $22,794.11, a price-to-earnings ratio of 28.93, a PEG ratio of 3.02 and a beta of 0.60. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.93.
Republic Services declared that its board has approved a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is presently 58.47%.
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.
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