Republic Services (NYSE:RSG) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Republic Services has set its FY 2019 guidance at $3.23-3.28 EPS and its FY19 guidance at $3.23-3.28 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. Republic Services had a return on equity of 12.86% and a net margin of 10.32%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect Republic Services to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
RSG opened at $87.25 on Wednesday. Republic Services has a 52 week low of $67.48 and a 52 week high of $90.61. The business has a fifty day simple moving average of $86.81 and a 200-day simple moving average of $85.83. The firm has a market cap of $28.30 billion, a P/E ratio of 28.24, a P/E/G ratio of 3.01 and a beta of 0.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.87.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.405 per share. This is a positive change from Republic Services’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, September 30th. Republic Services’s dividend payout ratio (DPR) is currently 52.43%.
In other Republic Services news, CEO Donald W. Slager sold 48,891 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $90.00, for a total value of $4,400,190.00. Following the sale, the chief executive officer now directly owns 333,846 shares in the company, valued at $30,046,140. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Catharine D. Ellingsen sold 3,100 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $90.00, for a total value of $279,000.00. Following the completion of the sale, the executive vice president now owns 14,307 shares in the company, valued at $1,287,630. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,117 shares of company stock worth $13,240,530. Insiders own 0.30% of the company’s stock.
Several research analysts have recently commented on RSG shares. JPMorgan Chase & Co. started coverage on Republic Services in a research report on Wednesday, August 7th. They set a “neutral” rating and a $94.00 price target for the company. ValuEngine lowered Republic Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada set a $91.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Friday, July 26th. Bank of America upgraded Republic Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, October 18th. Finally, Raymond James set a $93.00 price objective on Republic Services and gave the company an “outperform” rating in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Republic Services presently has an average rating of “Hold” and a consensus target price of $86.17.
Republic Services Company Profile
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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