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

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

Shares of RSG stock opened at $89.00 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. Republic Services has a 52 week low of $65.37 and a 52 week high of $103.79. The stock has a market capitalization of $28.37 billion, a PE ratio of 27.90, a P/E/G ratio of 2.77 and a beta of 0.64. The firm has a 50 day moving average of $92.84 and a two-hundred day moving average of $93.91.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 1st will be given a $0.425 dividend. The ex-dividend date is Wednesday, March 31st. This represents a $1.70 annualized dividend and a yield of 1.91%. Republic Services’s dividend payout ratio is presently 50.90%.

Republic Services declared that its Board of Directors has approved a stock buyback plan on Thursday, November 5th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of research firms have weighed in on RSG. Robert W. Baird lowered Republic Services from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $103.00 to $96.00 in a report on Tuesday, February 16th. Raymond James upped their price target 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 downgraded Republic Services from a “hold” rating to a “sell” rating and set a $101.00 price target on the stock. in a research report on Wednesday, January 13th. Argus upped their price target on Republic Services from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 18th. Finally, JPMorgan Chase & Co. raised Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 price target on the stock in a research report on Tuesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $97.31.

In other Republic Services news, CEO Donald W. Slager sold 43,199 shares of the firm’s stock in a transaction that occurred on Friday, December 11th. The shares were 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 owns 299,080 shares of the company’s stock, valued at approximately $28,367,738. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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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