Equities research analysts predict that Republic Services, Inc. (NYSE:RSG) will announce sales of $2.54 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Republic Services’ earnings. The lowest sales estimate is $2.52 billion and the highest is $2.54 billion. Republic Services reported sales of $2.56 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The firm is expected to report its next earnings results on Thursday, February 14th.

On average, analysts expect that Republic Services will report full year sales of $10.05 billion for the current fiscal year, with estimates ranging from $10.04 billion to $10.05 billion. For the next year, analysts anticipate that the company will report sales of $10.52 billion, with estimates ranging from $10.45 billion to $10.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Republic Services.

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

A number of analysts recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Republic Services from $79.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Oppenheimer restated a “hold” rating on shares of Republic Services in a report on Friday, October 26th. Bank of America downgraded shares of Republic Services from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a report on Wednesday, October 24th. Stifel Nicolaus raised their price objective on shares of Republic Services from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, September 10th. Finally, ValuEngine upgraded shares of Republic Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Republic Services has a consensus rating of “Hold” and an average target price of $73.71.

In other news, insider Donald W. Slager sold 225,734 shares of Republic Services stock in a transaction dated 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 in the company, valued at $27,603,239.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jennifer M. Kirk bought 1,500 shares of Republic Services stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average price of $72.35 per share, with a total value of $108,525.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $108,525. The disclosure for this purchase can be found here. 0.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Hawaiian Bank purchased a new position in shares of Republic Services in the third quarter worth about $119,000. Braun Bostich & Associates Inc. boosted its position in shares of 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 acquiring an additional 1,531 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of 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 acquiring an additional 704 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Republic Services in the second quarter valued at approximately $178,000. Finally, Cerebellum GP LLC bought a new position in shares of Republic Services in the third quarter valued at approximately $186,000. Hedge funds and other institutional investors own 60.89% of the company’s stock.

NYSE RSG traded up $0.71 during trading hours on Friday, reaching $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 debt-to-equity ratio of 0.95, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $23.81 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54.

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

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

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