Equities research analysts predict that Republic Services, Inc. (NYSE:RSG) will announce sales of $2.42 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Republic Services’ earnings. The lowest sales estimate is $2.41 billion and the highest is $2.43 billion. Republic Services posted sales of $2.39 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Republic Services will report full-year sales of $2.42 billion for the current fiscal year, with estimates ranging from $10.05 billion to $10.12 billion. For the next financial year, analysts forecast that the business will post sales of $10.53 billion per share, with estimates ranging from $10.46 billion to $10.57 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Republic Services.

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

A number of research firms have recently weighed in on RSG. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets dropped their price objective on Republic Services from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Bank of America upped their price objective on Republic Services from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group dropped their price objective on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $73.00 in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.57.

Republic Services (NYSE:RSG) traded up $1.48 during midday trading on Friday, hitting $64.76. The stock had a trading volume of 1,623,816 shares, compared to its average volume of 1,517,989. The company 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. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.51 and a current ratio of 0.55. Republic Services has a 1 year low of $58.06 and a 1 year high of $69.40.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a $0.345 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.13%. Republic Services’s dividend payout ratio is currently 36.41%.

Republic Services announced that its board has approved a share repurchase program on Thursday, November 2nd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In related news, CAO Brian A. Goebel sold 1,290 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total value of $88,287.60. Following the sale, the chief accounting officer now directly owns 6,696 shares in the company, valued at $458,274.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian A. Goebel sold 1,220 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $68.06, for a total value of $83,033.20. Following the completion of the sale, the chief accounting officer now owns 7,406 shares in the company, valued at $504,052.36. The disclosure for this sale can be found here. Insiders sold 104,642 shares of company stock worth $6,741,314 over the last quarter. 0.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $121,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Republic Services by 507.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,823 shares of the business services provider’s stock worth $123,000 after buying an additional 1,523 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Republic Services by 1,070.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,937 shares of the business services provider’s stock worth $199,000 after buying an additional 2,686 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Republic Services in the fourth quarter worth about $199,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Republic Services in the fourth quarter worth about $201,000. Institutional investors own 59.31% of the company’s stock.

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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.

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

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