Wall Street is high on Republic Services (RSG), expecting it to report earnings that are up 11.1% from a year ago when it reports its third quarter earnings on Thursday, October 27, 2011. The consensus estimate is 50 cents per share, up from earnings of 45 cents per share a year ago.

What to Expect:

Analysts are projecting earnings of $ 1.88 per share for the fiscal year.

Revenue is projected to be 2.3% above the year-earlier total of $ 2.06 billion at $ 2.11 billion for the quarter. Revenue is projected to come in at $ 8.23 billion for the year.

Analyst Ratings:

All six analysts rate Republic Services as a buy. Analyst sentiment has been improving recently, as the number of buy ratings has risen slightly over the past three months.

Trends to Watch For:

The decline in profit in the second quarter followed three straight quarters of year-over-year profit growth. Profit dropped 70.9% year over year in the most recent quarter. Going further back, the figure rose more than twofold in the first quarter, more than fourfold in the fourth quarter of the last fiscal year and 11.4% in the third quarter of the last fiscal year.

Revenue has grown for three quarters in a row. The 1% revenue increase brought the figure up to $ 2.09 billion in the most recent quarter. Looking back further, revenue increased 0.4% in the first quarter from the year earlier and 1.1% in the fourth quarter of the last fiscal year.

Dividends:

Republic Services’ current dividend yield is 3.0% based on Friday’s close of $ 28.98. The company has an annualized dividend of $ 0.88 per share.

Competitors:
Republic Services provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. Republic Services’ main competitors in the industrials sector are Waste Management (WM), Waste Connections (WCN), Stericycle (SRCL), and Clean Harbors (CLH).

Yahoo! Finance: Waste Management Industry News

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