RSG

Waste Management and Republic Services Post Poor Third-Quarter Results

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Waste Management (click ticker for report: ) and Republic Services (click ticker for report: ) posted weak third-quarter results this week. We’re taking a closer look at our valuation models for both garbage haulers. Waste Management continues to restructure its operations to address its cost structure, while Republic Services just announced a restructuring plan of its own during the third quarter. Both continue to revise down their respective earnings outlooks as a result of weak recycling commodity pricing, which is overwhelming their modest core pricing strength. Volume trends have also been lackluster, though the impact of Hurricane Sandy may provide a moderate boost in coming quarters. Specifically, Waste Management cut its 2012 earnings guidance to the range of $2.08-$2.13 per … Read more

Search Dividend Reports by Company Name: Q to Z

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Going forward, please use the ‘Symbol’ search box to download stock and dividend reports of companies you are interested in. The ‘Symbol’ search box can be found in our website header. Image shown from above. Use the active search box in the website header above. Learn more about your membership >>  Note: We have now discontinued this list. Please use the ‘Symbol’ search box in the website header for stock and dividend reports. Please read about our Valuentum Dividend Cushion score (ratio) here. Just having access to this valuable metric alone could save your income portfolio thousands of dollars! The past meets the future as we showcase the Valuentum Dividend Cushion scores of Dividend Aristocrats in this article (click here). The dividend reports below … Read more

Quick Note: Reiterating Our View on Republic Services

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Republic Services (RSG) posted disappointing first-quarter results and lowered its full-year outlook. Though we weren’t pleased with the performance of the garbage hauler, we are reiterating our view that the shares remain significantly underpriced at current levels. We will publish an expanded note about the firm’s quarter, including our updated take on the trash taker soon. << Republic Services, Inc. Reports First Quarter Results << Republic Services’ CEO Discusses Q1 2012 Results – Earnings Call Transcript

Republic Services Puts Up Nice Third Quarter; Best Organic Revenue Growth Since 2008

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Garbage-hauler Republic Services (RSG) posted nice third-quarter results that showed the best organic top-line expansion in years and double-digit operating-income and earnings-per-share increases. We are retaining our position in our Best Ideas portfolio and see no reason to change our fair value estimate at this time. The firm’s core pricing advanced 0.7% in the period (slightly lower than management’s expectations), while fuel surcharges and commodities pricing added another 1.2% and 1.7%, respectively, to top-line growth. Republic’s municipal solid waste landfill prices increased 3%, which improved sequentially. Core volume also nudged up slightly in the period, excluding the San Mateo and Toronto contract losses–the ninth consecutive quarter of volume improvement. Importantly, the volume increase compares to a 2.5% decrease in the year-ago … Read more

Waste Management Posts Poor Second Quarter, Lowering Our Fair Value

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Waste Management (WM) posted poor second-quarter results Thursday and lowered its earnings outlook for the year on the expectation of weaker volumes. We have reduced our fair value estimate to $39 per share on the weaker volume outlook and slightly lower yield expectations. Revenue jumped 6% thanks to higher commodity prices, improving recycling volumes and a modest improvement in pricing. The company noted that volumes hit “a soft patch” in May and June, but look to be improving modestly in July. However, it took down its full-year waste volume guidance to the range of -1.5% to -2.5%. Commentary regarding yields wasn’t all that encouraging either, with the measure facing some pressure from large municipal contracts in Florida and the Gulf Coast. … Read more

Assessing Dividend Plays in the Trash Industry

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This article originally appeared on Seeking Alpha. Please view disclosures: https://seekingalpha.com/article/272847-assessing-dividend-plays-in-the-trash-industry  Companies in the municipal solid waste sector are well-known for their cash-flow generating prowess and relatively stable operating performance. As outlined in this waste industry primer, a trash-taker’s residential collection operations are on a service-based model (not-volume based) and help to mitigate cyclical pressures in other economically-sensitive lines of their business (industrial roll-offs, etc.). Further, cell-by-cell landfill development provides additional flexibility with respect to capital outlays, as rubbish handlers can scale back expenditures during troubled economic times, bolstering free cash flow. Such consistent, cash-rich business models have translated into a nice flow of dividends, particularly at the largest two domestic players, Waste Management (WM) and Republic Services (RSG). [Click to enlarge]With … Read more