Waste management services provider Republic Services, Inc. (
) late Thursday posted better-than-expected fourth quarter earnings
and provided a 2012 forecast that was in-line with Wall Street's
The Phoenix-based company reported fourth quarter net income of
$191 million, or 51 cents per share, compared with $147.6 million,
or 38 cents per share, in the year-ago period. Excluding one-time
items, adjusted profit was 53 cents per share.
Revenue edged slightly higher from last year to $2.03
On average, Wall Street analysts expected a much smaller profit
of 45 cents per share, on slightly lower revenue of $2.02
Looking ahead, RSG predicted adjusted full-year 2012 earnings to
range from $1.98 to $2.02 per share, while analysts are looking for
$2.01 per share for the year.
Republic Services shares were unchanged in premarket trading
The Bottom Line
Shares of Republic Services (
) have a 2.92% dividend yield, based on last night's closing stock
price of $30.09. The stock has technical support in the $26-$27
price area. If the shares can firm up, we see overhead resistance
around the $32-$33 price levels.
Republic Services, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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