Analysts forecast that Republic Services, Inc. (NYSE:RSG) will report $2.62 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Republic Services’ earnings. The highest sales estimate is $2.63 billion and the lowest is $2.61 billion. Republic Services reported sales of $2.52 billion during the same quarter last year, which indicates a positive year over year growth rate of 4%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Republic Services will report full-year sales of $10.45 billion for the current fiscal year, with estimates ranging from $10.38 billion to $10.49 billion. For the next year, analysts expect that the business will report sales of $10.86 billion, with estimates ranging from $10.78 billion to $10.93 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Republic Services.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Republic Services had a net margin of 10.25% and a return on equity of 12.72%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $0.74 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis.
In other Republic Services news, President Ark Jon Vander sold 19,278 shares of Republic Services stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $82.33, for a total value of $1,587,157.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Charles F. Serianni sold 9,500 shares of Republic Services stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $82.30, for a total transaction of $781,850.00. Following the completion of the sale, the chief financial officer now directly owns 53,700 shares of the company’s stock, valued at approximately $4,419,510. The disclosure for this sale can be found here. Insiders have sold 131,875 shares of company stock valued at $10,891,028 in the last three months. 0.30% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of RSG. BlackRock Inc. grew its position in shares of Republic Services by 4.0% during the 1st quarter. BlackRock Inc. now owns 21,393,144 shares of the business services provider’s stock valued at $1,719,581,000 after acquiring an additional 830,100 shares during the period. Wells Fargo & Company MN grew its position in shares of Republic Services by 4.2% during the 1st quarter. Wells Fargo & Company MN now owns 5,255,079 shares of the business services provider’s stock valued at $422,404,000 after acquiring an additional 210,081 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Republic Services by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,206,334 shares of the business services provider’s stock valued at $303,237,000 after acquiring an additional 118,090 shares during the period. Geode Capital Management LLC grew its position in shares of Republic Services by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 3,819,787 shares of the business services provider’s stock valued at $275,009,000 after acquiring an additional 324,355 shares during the period. Finally, Norges Bank bought a new stake in shares of Republic Services during the 4th quarter valued at $216,948,000. 58.84% of the stock is owned by institutional investors and hedge funds.
Shares of RSG stock traded up $0.21 during trading hours on Friday, hitting $88.04. 660,030 shares of the company’s stock traded hands, compared to its average volume of 1,161,334. The stock has a fifty day moving average price of $86.61. Republic Services has a 12-month low of $67.48 and a 12-month high of $88.13. The firm has a market cap of $28.15 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.42 and a current ratio of 0.42.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, June 28th. Republic Services’s dividend payout ratio (DPR) is currently 48.54%.
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, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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