Analysts forecast that Republic Services (NYSE:RSG) will announce sales of $2.54 billion for the current quarter, according to Zacks. Three analysts have made estimates for Republic Services’ earnings, with estimates ranging from $2.52 billion to $2.55 billion. Republic Services posted sales of $2.53 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The company is expected to issue its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Republic Services will report full-year sales of $10.06 billion for the current fiscal year, with estimates ranging from $10.04 billion to $10.10 billion. For the next year, analysts forecast that the business will post sales of $10.51 billion per share, with estimates ranging from $10.48 billion to $10.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Republic Services.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06. Republic Services had a return on equity of 11.29% and a net margin of 13.18%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was up 1.4% on a year-over-year basis.
In other news, EVP Jeffrey A. Hughes sold 16,200 shares of Republic Services stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $68.00, for a total transaction of $1,101,600.00. Following the sale, the executive vice president now directly owns 16,200 shares in the company, valued at approximately $1,101,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ark Jon Vander sold 9,236 shares of Republic Services stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $68.45, for a total value of $632,204.20. Following the sale, the chief operating officer now owns 12,011 shares in the company, valued at $822,152.95. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its holdings in Republic Services by 4.0% in the 1st quarter. Baird Financial Group Inc. now owns 19,625 shares of the business services provider’s stock worth $1,300,000 after acquiring an additional 753 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Republic Services by 11.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,776 shares of the business services provider’s stock worth $515,000 after acquiring an additional 800 shares during the last quarter. Burney Co. increased its holdings in Republic Services by 22.3% in the 1st quarter. Burney Co. now owns 4,435 shares of the business services provider’s stock worth $294,000 after acquiring an additional 808 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in Republic Services by 0.5% in the 1st quarter. United Capital Financial Advisers LLC now owns 173,129 shares of the business services provider’s stock worth $11,466,000 after acquiring an additional 826 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its holdings in Republic Services by 2.3% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,689 shares of the business services provider’s stock worth $2,548,000 after acquiring an additional 852 shares during the last quarter. Institutional investors own 60.11% of the company’s stock.
Republic Services traded up $0.50, hitting $69.23, during trading hours on Monday, Marketbeat reports. 1,832,500 shares of the company traded hands, compared to its average volume of 1,665,131. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.95. Republic Services has a one year low of $60.26 and a one year high of $69.67. The stock has a market cap of $22.54 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, June 29th. Republic Services’s payout ratio is 56.79%.
About Republic Services
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; supply of waste containers; and renting of compactors.
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