Republic Services, Inc. (NYSE:RSG) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.53-$2.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.64.
Republic Services, Inc. (NYSE RSG) traded down $0.27 on Friday, hitting $64.80. The stock had a trading volume of 1,378,687 shares, compared to its average volume of 1,236,209. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of 27.00 and a beta of 0.61.
Republic Services (NYSE:RSG) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. Republic Services had a return on equity of 10.57% and a net margin of 8.15%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. analysts forecast that Republic Services, Inc. will post 2.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.13%. Republic Services’s payout ratio is currently 58.47%.
Several analysts recently weighed in on RSG shares. Stifel Nicolaus reissued a buy rating and set a $73.00 price target on shares of Republic Services in a report on Wednesday, July 19th. Zacks Investment Research raised Republic Services from a hold rating to a buy rating and set a $72.00 price target for the company in a report on Friday, July 14th. BMO Capital Markets reissued a buy rating and set a $72.00 price target on shares of Republic Services in a report on Friday, October 13th. Bank of America Corporation dropped their price target on Republic Services from $72.00 to $70.00 and set a buy rating for the company in a report on Thursday, October 5th. Finally, KeyCorp reissued a hold rating on shares of Republic Services in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $68.29.
In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now owns 246,617 shares in the company, valued at approximately $16,289,052.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey A. Hughes sold 6,329 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $66.50, for a total value of $420,878.50. Following the transaction, the executive vice president now owns 428 shares in the company, valued at approximately $28,462. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,187 shares of company stock worth $2,854,922. Corporate insiders own 0.40% of the company’s stock.
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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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