Republic Services (NYSE:RSG) Releases Earnings Results, Beats Estimates By $0.18 EPS

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Republic Services (NYSE:RSG) announced its earnings results on Sunday. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18, MarketWatch Earnings reports. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Republic Services had a net margin of 10.05% and a return on equity of 13.59%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS.

Shares of RSG opened at $90.00 on Tuesday. Republic Services has a 1 year low of $65.37 and a 1 year high of $103.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $92.84 and a 200-day simple moving average of $93.91. The stock has a market cap of $28.69 billion, a PE ratio of 27.90, a PEG ratio of 2.77 and a beta of 0.64.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 1st will be issued a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, March 31st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.89%. Republic Services’s payout ratio is presently 50.90%.

Republic Services declared that its Board of Directors has initiated a share buyback program on Thursday, November 5th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

RSG has been the topic of a number of recent analyst reports. Bank of America lowered Republic Services from a “buy” rating to a “neutral” rating in a research note on Monday, January 11th. Raymond James boosted their price objective on Republic Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Friday, November 6th. Zacks Investment Research cut Republic Services from a “hold” rating to a “sell” rating and set a $101.00 price objective for the company. in a research report on Wednesday, January 13th. Morgan Stanley boosted their price objective on Republic Services from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 6th. Finally, Argus boosted their price objective on Republic Services from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Republic Services presently has an average rating of “Hold” and a consensus price target of $97.31.

In other news, CEO Donald W. Slager sold 43,199 shares of the stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of $94.85, for a total value of $4,097,425.15. Following the completion of the transaction, the chief executive officer now directly owns 299,080 shares of the company’s stock, valued at approximately $28,367,738. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. 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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Earnings History for Republic Services (NYSE:RSG)

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