Republic Services, Inc. (NYSE:RSG) – Stock analysts at Oppenheimer reduced their FY2019 earnings per share estimates for shares of Republic Services in a research note issued on Thursday, October 18th, Zacks Investment Research reports. Oppenheimer analyst N. Kaye now forecasts that the business services provider will post earnings of $3.28 per share for the year, down from their previous estimate of $3.30. Oppenheimer has a “Hold” rating on the stock.

Several other equities research analysts also recently commented on RSG. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. BMO Capital Markets lowered their price objective on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Bank of America lifted their price objective on shares of Republic Services from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, August 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Republic Services from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.71.

Shares of NYSE:RSG traded up $0.71 on Friday, hitting $74.74. 1,061,498 shares of the company were exchanged, compared to its average volume of 1,510,898. Republic Services has a 1-year low of $60.26 and a 1-year high of $75.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $23.81 billion, a P/E ratio of 30.76, a PEG ratio of 2.23 and a beta of 0.54.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, October 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Republic Services had a net margin of 13.90% and a return on equity of 12.11%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank purchased a new position in Republic Services in the third quarter valued at $119,000. Braun Bostich & Associates Inc. increased its holdings in Republic Services by 531.6% in the second quarter. Braun Bostich & Associates Inc. now owns 1,819 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,531 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Republic Services by 57.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,936 shares of the business services provider’s stock valued at $132,000 after buying an additional 704 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Republic Services in the second quarter valued at $178,000. Finally, Cerebellum GP LLC purchased a new position in Republic Services in the third quarter valued at $186,000. 60.89% of the stock is owned by institutional investors.

In other Republic Services news, insider Donald W. Slager sold 225,734 shares of Republic Services stock in a transaction on Monday, August 13th. The shares were sold at an average price of $73.02, for a total value of $16,483,096.68. Following the completion of the transaction, the insider now owns 378,023 shares of the company’s stock, valued at $27,603,239.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer M. Kirk acquired 1,500 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was purchased at an average cost of $72.35 per share, with a total value of $108,525.00. Following the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $108,525. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 2.01%. Republic Services’s dividend payout ratio (DPR) is presently 61.73%.

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.

Further Reading: What is an Initial Public Offering (IPO)?

Get a free copy of the Zacks research report on Republic Services (RSG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Republic Services (NYSE:RSG)

Receive News & Ratings for Republic Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Services and related companies with MarketBeat.com's FREE daily email newsletter.