Republic Services upgraded at BB&T As noted earlier, BB&T upgraded Republic Services to Buy from Hold. The firm believes that the company is well-positioned to benefit from continued growth in single-family housing starts and recent improvement in recycled fiber prices in coming quarters.
Republic Services sees FY15 EPS $2.02-$2.06, consensus $2.16 This represents mid- to high-single digit growth compared to Republic's estimate of 2014 performance. FY15 adjusted free cash flow is expected to be in a range of $725M-$750M. This represents mid-single digit to low-double digit growth compared to Republic's estimate of 2014 performance. Adjusted free cash flow consists of cash provided by operating activities, less property and equipment received, plus proceeds from the sales of property and equipment and withdrawal payments related to Central States Pension Fund, net of tax.