Republic Services (NYSE:RSG) Releases Quarterly Earnings Results

Republic Services (NYSE:RSG) released its quarterly earnings results on Thursday. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.37 by $0.21, RTT News reports. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter last year, the business earned $1.41 earnings per share. Republic Services updated its FY 2025 guidance to 6.820-6.900 EPS.

Republic Services Price Performance

Shares of NYSE:RSG traded up $1.02 during midday trading on Thursday, reaching $224.52. 1,382,282 shares of the company’s stock traded hands, compared to its average volume of 973,749. Republic Services has a 1 year low of $176.30 and a 1 year high of $224.68. The company has a market cap of $70.31 billion, a P/E ratio of 35.92, a PEG ratio of 3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day simple moving average of $210.47 and a two-hundred day simple moving average of $206.94.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.03%. Republic Services’s dividend payout ratio (DPR) is 37.12%.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial increased their price target on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised shares of Republic Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $219.00 to $237.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and increased their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Oppenheimer upped their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Insider Activity

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares in the company, valued at approximately $1,326,906.36. This trade represents a 44.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.