Wall Street analysts predict that Republic Services, Inc. (NYSE:RSG) will report earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Republic Services’ earnings. Republic Services posted earnings of $0.61 per share during the same quarter last year, which suggests a positive year over year growth rate of 27.9%. The company is expected to announce its next quarterly earnings results after the market closes on Thursday, February 7th.

On average, analysts expect that Republic Services will report full-year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.07. For the next financial year, analysts forecast that the business will post earnings of $3.26 per share, with EPS estimates ranging from $3.25 to $3.27. Zacks’ earnings per share 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 results on Thursday, October 25th. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Republic Services had a return on equity of 12.11% and a net margin of 13.90%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion.

Several equities research analysts have weighed in on RSG shares. Zacks Investment Research upgraded Republic Services from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, December 20th. Goldman Sachs Group upgraded Republic Services to a “hold” rating and set a $79.00 price target on the stock in a report on Tuesday, December 4th. Oppenheimer restated a “hold” rating on shares of Republic Services in a report on Friday, October 26th. UBS Group downgraded Republic Services from a “buy” rating to a “neutral” rating and cut their price target for the stock from $83.00 to $77.00 in a report on Thursday. Finally, Bank of America downgraded Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price target on the stock. in a report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $74.88.

NYSE RSG traded down $0.96 during trading hours on Wednesday, hitting $73.69. 94,435 shares of the company were exchanged, compared to its average volume of 1,407,662. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.56 and a quick ratio of 0.56. Republic Services has a 52-week low of $60.26 and a 52-week high of $78.54. The company has a market cap of $23.99 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.375 per share. The ex-dividend date is Monday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 2.04%. Republic Services’s dividend payout ratio is currently 61.73%.

In other Republic Services news, Director Jennifer M. Kirk acquired 1,500 shares of the stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average cost of $72.35 per share, with a total value of $108,525.00. Following the transaction, the director now owns 1,500 shares in the company, valued at approximately $108,525. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian A. Goebel sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $72.97, for a total value of $218,910.00. Following the transaction, the chief accounting officer now directly owns 9,186 shares of the company’s stock, valued at $670,302.42. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in Republic Services by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 18,743,008 shares of the business services provider’s stock valued at $1,361,867,000 after purchasing an additional 115,598 shares in the last quarter. Matthew Goff Investment Advisor LLC lifted its position in Republic Services by 2,317.5% in the third quarter. Matthew Goff Investment Advisor LLC now owns 12,266,686 shares of the business services provider’s stock worth $507,412,000 after purchasing an additional 11,759,274 shares during the period. Bank of America Corp DE lifted its position in Republic Services by 11.7% in the second quarter. Bank of America Corp DE now owns 8,681,132 shares of the business services provider’s stock worth $593,441,000 after purchasing an additional 909,717 shares during the period. American Century Companies Inc. lifted its position in Republic Services by 16.4% in the third quarter. American Century Companies Inc. now owns 7,468,603 shares of the business services provider’s stock worth $542,669,000 after purchasing an additional 1,053,773 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Republic Services by 0.7% in the third quarter. Wells Fargo & Company MN now owns 4,436,601 shares of the business services provider’s stock worth $322,364,000 after purchasing an additional 29,076 shares during the period. 59.23% of the stock is owned by institutional investors and hedge funds.

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

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