Republic Services, Inc. (NYSE:RSG) – Investment analysts at KeyCorp cut their Q4 2017 earnings per share estimates for shares of Republic Services in a research note issued on Thursday. KeyCorp analyst J. Box now anticipates that the business services provider will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.60. KeyCorp also issued estimates for Republic Services’ Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.65 EPS.
Several other equities research analysts have also commented on RSG. BMO Capital Markets boosted their target price on shares of Republic Services from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday. Credit Suisse Group set a $63.00 target price on shares of Republic Services and gave the stock a “hold” rating in a research report on Sunday, April 30th. Barclays PLC restated a “neutral” rating on shares of Republic Services in a research report on Friday. Stifel Nicolaus restated a “buy” rating and set a $73.00 target price on shares of Republic Services in a research report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, May 25th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $68.60.
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Republic Services (NYSE:RSG) traded up 0.48% during trading on Monday, reaching $64.53. 462,530 shares of the company’s stock were exchanged. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 33.13 and a beta of 0.59. The stock has a 50-day moving average price of $64.36 and a 200 day moving average price of $62.28. Republic Services has a 52 week low of $49.18 and a 52 week high of $65.54.
Republic Services (NYSE:RSG) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Republic Services had a net margin of 6.86% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, September 29th. This is an increase from Republic Services’s previous quarterly dividend of $0.32. Republic Services’s payout ratio is 65.64%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in Republic Services by 4.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,970 shares of the business services provider’s stock valued at $455,000 after buying an additional 340 shares during the period. Kentucky Retirement Systems purchased a new position in Republic Services during the fourth quarter valued at about $957,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Republic Services during the fourth quarter valued at about $427,000. Chevy Chase Trust Holdings Inc. increased its position in Republic Services by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,222 shares of the business services provider’s stock valued at $12,513,000 after buying an additional 5,628 shares during the period. Finally, CHURCHILL MANAGEMENT Corp increased its position in Republic Services by 0.8% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 419,621 shares of the business services provider’s stock valued at $26,356,000 after buying an additional 3,265 shares during the period. 61.58% of the stock is owned by institutional investors and hedge funds.
About Republic Services
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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