Wall Street analysts expect Republic Services, Inc. (NYSE:RSG) to report earnings of $1.01 per share for the current quarter, according to Zacks. Six analysts made earnings estimates for Republic Services, with the highest EPS estimate of $1.10 and the lowest estimate of $0.98. Republic Services reported earnings of $1.00 per share in the same quarter last year, suggesting a positive 1% year-over-year growth rate. The company is expected to announce its next earnings report after the market closes on Thursday, February 10.
On average, analysts expect Republic Services to report annual earnings of $4.13 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.23. For the next fiscal year, analysts expect the company to report earnings of $4.59 per share, with EPS estimates ranging from $4.21 to $4.81. Zacks’ EPS calculations are an average average based on a survey of sell-side research analysts who provide coverage for Republic Services.
Republic Services Inc (NYSE:RSG) last released its results on Thursday, October 28. The business services provider reported earnings per share (EPS) of $1.11 for the quarter, beating analyst consensus estimates of $1.05 by $0.06. Republic Services achieved a net margin of 11.11% and a return on equity of 15.19%. The company posted revenue of $2.99 billion in the quarter, versus $2.84 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $1.00. Republic Services’ quarterly revenue increased 16.4% over the same quarter last year.
Several equity analysts have recently published reports on the stock. Morgan Stanley raised its price target on Republic Services shares from $141.00 to $151.00 and gave the company an “overweight” rating in a Wednesday, Jan. 5, report. Royal Bank of Canada raised its price target on Republic Services shares from $125.00 to $129.00 and gave the stock an ‘sector performance’ rating in a Friday 29 research report. October. Raymond James raised his price target on Republic Services shares from $137.00 to $140.00 and gave the company an “outperform” rating in a Monday, Jan. 10, report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Republic Services shares from $121.00 to $142.00 and gave the company a “holding” rating in a Monday, Nov. 1, report. Four equity research analysts gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the stock has a consensus buy rating and an average price target of $126.20.
RSG opened at $126.58 on Friday. The company has a fifty-day moving average price of $133.73 and a two-hundred-day moving average price of $127.73. The company has a debt ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services has a 52-week minimum of $88.62 and a 52-week maximum of $145.98. The company has a market capitalization of $40.14 billion, a PE ratio of 33.31, a P/E/G ratio of 2.58 and a beta of 0.76.
Separately, director Tomago Collins sold 2,000 shares of the company in a transaction dated Thursday, November 11. The shares were sold at an average price of $133.59, for a total transaction of $267,180.00. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. 0.20% of the shares are held by insiders of the company.
A number of institutional investors have recently increased or reduced their stake in RSG. Nordea Investment Management AB increased its stake in Republic Services by 110.4% in the third quarter. Nordea Investment Management AB now owns 10,563,910 shares of the business services provider worth $1,289,853,000 after buying an additional 5,543,526 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Republic Services in the fourth quarter worth approximately $499,246,000. Alliancebernstein LP increased its position in Republic Services by 237.3% in the third quarter. Alliancebernstein LP now owns 1,056,899 shares of the business services provider worth $126,891,000 after acquiring an additional 743,575 shares during the period. Senator Investment Group LP purchased a new stake in Republic Services in the second quarter worth approximately $79,757,000. Finally, Amundi purchased a new stake in Republic Services in the second quarter worth approximately $61,779,000. Institutional investors and hedge funds hold 57.74% of the company’s shares.
Republic Services Company Profile
Republic Services, Inc. engages in the provision of services to the domestic non-hazardous solid waste industry. It provides integrated waste management services, which offer non-hazardous solid waste collection, transfer, recycling, disposal and energy services. The Company operates through the following segments: Group 1, Group 2 and Corporate and Other Entities.
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