Republic Services (NYSE:RSG) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Republic Services to post earnings of $0.87 per share for the quarter. Republic Services has set its FY 2019 guidance at $3.23-3.28 EPS and its FY19 guidance at $3.23-3.28 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. Republic Services had a return on equity of 12.86% and a net margin of 10.32%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts expect Republic Services to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of RSG opened at $87.25 on Wednesday. Republic Services has a twelve month low of $67.48 and a twelve month high of $90.61. The stock’s 50 day moving average is $86.81 and its two-hundred day moving average is $85.83. The firm has a market capitalization of $28.30 billion, a PE ratio of 28.24, a P/E/G ratio of 3.01 and a beta of 0.49. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.87.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Republic Services’s previous quarterly dividend of $0.38. Republic Services’s payout ratio is currently 52.43%.
In other news, EVP Catharine D. Ellingsen sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $90.00, for a total transaction of $279,000.00. Following the sale, the executive vice president now owns 14,307 shares of the company’s stock, valued at approximately $1,287,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald W. Slager sold 95,126 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $90.00, for a total value of $8,561,340.00. Following the sale, the chief executive officer now directly owns 382,736 shares in the company, valued at approximately $34,446,240. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $13,240,530 in the last three months. Corporate insiders own 0.30% of the company’s stock.
A number of brokerages have weighed in on RSG. Bank of America raised Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, October 18th. ValuEngine lowered Republic Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. began coverage on Republic Services in a report on Wednesday, August 7th. They issued a “neutral” rating and a $94.00 price objective on the stock. Royal Bank of Canada set a $91.00 price objective on Republic Services and gave the company a “hold” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus set a $95.00 price target on Republic Services and gave the stock a “buy” rating in a research note on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $86.17.
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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