3 Stocks to Watch on Friday: Arista Networks Inc (ANET), Davita Inc (DVA) and Republic Services, Inc. (RSG)

The streak ended for U.S. equities as markets stateside posted losses, including a 1.4% loss posted by the energy industry. The S&P 500 Index slipped 0.1%, the Dow Jones Industrial Average gained a fraction of a percentage and the Nasdaq Composite lost 0.1%.

3 Stocks to Watch on Friday: Arista Networks Inc (ANET), Davita Inc (DVA) and Republic Services, Inc. (RSG)Several companies reported their earnings on Thursday, including Arista Networks Inc (NYSE:ANET), Davita Inc (NYSE:DVA) and Republic Services, Inc. (NYSE:RSG).

Arista Networks Inc (ANET)

Arista Networks shares were booming after the company reported on its latest earnings data.

The company unveiled that it earned $1.04 per share for its winter period, which was higher than the 82 cents per share that Wall Street had predicted in its consensus estimate.

Arista’s fourth quarter also saw revenue rise 33.6% as it tallied up to $328 million, also topping the $317 million that analysts were calling for over the three months.

The company’s gross profit margin was strong for the period at 64.4%, which beat the year-ago quarter of 64%. In the previous quarter, Arista had a gross profit margin of 64.6%.

For its current quarter, the company anticipates revenue in the range of $320 million to $330 million with a gross profit margin in the range of 61% to 64%, as well as an operating margin of about 27%.

ANET stock grew 8.8% after the bell Thursday.

Davita Inc (DVA)

Davita stock was slightly higher in the afternoon after the company released its latest earnings results.

For its fourth quarter, the company earned 80 cents a share, or non-GAAP earnings of $1.13 per share. For the fiscal year, earnings amounted to $4.29 per share, or $3.85 per share on an adjusted basis.

Company executives revealed adjusted operating income in its kidney-care division of $1.715 billion for 2016. Additionally, its managed-care division totaled $135 million.

Cash flow for 2016 amounted to $1.963 billion thanks to the $482 million amassed in the fourth quarter, while free cash flow came in at $1.412 billion and $329 million respectively.

For 2017, Davita CEO Javier Rodriguez believes the company’s kidney-care division will bring in less as it will be in the range of $1.525 billion to $1.625 billion.

DVA shares surged 0.8% after hours yesterday.

Republic Services, Inc. (RSG)

Republic Services earned $189.5 million in its latest period.

Overall, the company brought in 55 cents per share, or 57 cents per share on an adjusted basis. The figure beat Wall Street’s expectations of 55 cents per share on an adjusted basis.

Revenue amounted to $2.38 billion, which was better than the $2.36 billion that the consensus estimate called for. The figure is based on data compiled by Zacks from five analysts.

For the current fiscal year, Republic Services expects to earn between $2.29 to $2.33 per share, or adjusted earnings in the range of $2.32 and $2.36 per share.

RSG stock experienced a 0.1% gain after Thursday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, https://investorplace.com/2017/02/stocks-watch-friday-arista-networks-inc-anet-davita-inc-dva-republic-services-inc-rsg/.

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