Republic Services, Inc. (NYSE:RSG) – Stock analysts at Gabelli increased their FY2018 earnings per share estimates for shares of Republic Services in a report released on Monday. Gabelli analyst T. Bancroft now anticipates that the business services provider will earn $3.10 per share for the year, up from their previous forecast of $2.60. Gabelli also issued estimates for Republic Services’ FY2019 earnings at $3.50 EPS, FY2020 earnings at $3.75 EPS and FY2021 earnings at $4.05 EPS.

Republic Services (NYSE:RSG) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $0.57 earnings per share. Republic Services’s revenue was up 7.6% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Monday, January 22nd. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $73.00 in a research report on Thursday, January 4th. Bank of America upped their price target on Republic Services from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Credit Suisse Group dropped their price target on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets dropped their price target on Republic Services from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Republic Services presently has a consensus rating of “Hold” and a consensus price target of $68.57.

Republic Services (NYSE:RSG) traded up $0.27 during trading hours on Wednesday, reaching $63.55. The company had a trading volume of 318,620 shares, compared to its average volume of 1,473,127. The firm has a market capitalization of $20,740.59, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. Republic Services has a 52-week low of $58.06 and a 52-week high of $69.40. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 0.94.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, March 29th. Republic Services’s payout ratio is 36.41%.

Republic Services declared that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

In other Republic Services news, CEO Donald W. Slager sold 98,132 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $64.19, for a total value of $6,299,093.08. Following the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at approximately $20,703,906.79. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Brian A. Goebel sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $67.57, for a total value of $135,140.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,696 shares in the company, valued at $452,448.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,642 shares of company stock worth $6,741,314. Insiders own 0.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its position in Republic Services by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,383 shares of the business services provider’s stock worth $342,000 after purchasing an additional 78 shares during the last quarter. Advisory Services Network LLC increased its position in Republic Services by 6.3% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the business services provider’s stock worth $241,000 after purchasing an additional 223 shares during the last quarter. Advisor Partners LLC increased its position in Republic Services by 10.2% in the 4th quarter. Advisor Partners LLC now owns 8,235 shares of the business services provider’s stock worth $562,000 after purchasing an additional 760 shares during the last quarter. Raymond James Trust N.A. increased its position in Republic Services by 18.7% in the 4th quarter. Raymond James Trust N.A. now owns 5,336 shares of the business services provider’s stock worth $361,000 after purchasing an additional 842 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in Republic Services by 2.3% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 37,689 shares of the business services provider’s stock worth $2,548,000 after purchasing an additional 852 shares during the last quarter. 59.31% of the stock is currently owned by institutional investors.

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Republic Services Company Profile

Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.

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

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