Republic Services Posts 33.5% Lower Profit in Q4; Adjusted Net Misses Estimates (RSG)

Republic Services Posts 33.5% Lower Profit in Q4; Adjusted Net Misses Estimates (RSG)


Waste management specialist Republic Services, Inc. (RSG) reported after the bell on Thursday that it posted a decline in fourth quarter profit despite slightly higher revenues. Adjusted net income missed the Wall Street view.

The Phoenix-based company said it earned $127.0 million, or 35 cents per share, in the fourth-quarter, versus earnings of $191.0 million, or 51 cents per share, a year earlier.

Excluding certain one-time items, adjusted net income was $133.4 million, or 37 cents per share. On average, analysts polled by Thomson Reuters were expecting earnings to be 43 cents per share.

Quarterly revenue rose slightly to $2.028 billion compared to $2.025 billion a year earlier. Analysts were expecting revenue to be $2.00 billion.

Looking forward, the company is expecting to earn an adjusted $1.86 to $1.91 per share in fiscal 2013 with a 2.0% to 2.5% increase in revenue. Analysts seen adjusted EPS at $1.93 on revenue of $8.24 billion in 2013.

Republic Services shares were down slightly during pre-market trading on Friday. Over the past year the stock is up about +6%.

The Bottom Line
Shares of Republic Services (RSG) have a dividend yield of 2.95% based on last night’s closing price of $31.84 and the company’s annualized dividend payout of 94 cents per share.

Republic Services, Inc. (RSG) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today