Republic Services, Inc. (NYSE:RSG) – First Analysis reduced their Q3 2017 earnings estimates for shares of Republic Services in a research report issued to clients and investors on Sunday. First Analysis analyst C. Greendale now expects that the business services provider will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.64. First Analysis also issued estimates for Republic Services’ Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.38 EPS and FY2018 earnings at $2.63 EPS.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $0.55 EPS. Republic Services’s revenue was up 7.5% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Estimate for Republic Services, Inc. (NYSE:RSG) Issued By First Analysis” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.com-unik.info/2017/08/19/q3-2017-earnings-estimate-for-republic-services-inc-nysersg-issued-by-first-analysis-updated-updated.html.
Republic Services (RSG) opened at 64.22 on Tuesday. The firm’s 50 day moving average price is $64.36 and its 200-day moving average price is $62.28. The stock has a market cap of $21.63 billion, a P/E ratio of 32.97 and a beta of 0.59. Republic Services has a 12-month low of $49.18 and a 12-month high of $65.54.
A number of institutional investors have recently added to or reduced their stakes in RSG. IFP Advisors Inc raised its position in Republic Services by 2.3% in the second quarter. IFP Advisors Inc now owns 4,498 shares of the business services provider’s stock valued at $287,000 after buying an additional 103 shares in the last quarter. Korea Investment CORP raised its position in Republic Services by 25.2% in the second quarter. Korea Investment CORP now owns 89,010 shares of the business services provider’s stock valued at $5,673,000 after buying an additional 17,890 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Republic Services by 56.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 36,354 shares of the business services provider’s stock valued at $2,317,000 after buying an additional 13,159 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Republic Services by 4.9% in the second quarter. Stratos Wealth Partners LTD. now owns 44,213 shares of the business services provider’s stock valued at $2,818,000 after buying an additional 2,060 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in Republic Services by 0.8% in the second quarter. Bbva Compass Bancshares Inc. now owns 30,679 shares of the business services provider’s stock valued at $1,955,000 after buying an additional 239 shares in the last quarter. 61.58% of the stock is currently owned by institutional investors and hedge funds.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $0.345 dividend. This is a positive change from Republic Services’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, September 29th. Republic Services’s payout ratio is currently 65.64%.
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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