Q4 2024 EPS Estimates for Republic Services, Inc. (NYSE:RSG) Reduced by Analyst

Republic Services, Inc. (NYSE:RSG) – Analysts at Zacks Research cut their Q4 2024 earnings per share estimates for Republic Services in a research note issued on Tuesday, May 21st. Zacks Research analyst S. Dey now expects that the business services provider will post earnings per share of $1.42 for the quarter, down from their prior estimate of $1.52. The consensus estimate for Republic Services’ current full-year earnings is $6.05 per share.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business earned $1.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

RSG has been the subject of a number of other reports. Truist Financial upped their price objective on shares of Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer upped their target price on Republic Services from $202.00 to $204.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their price objective on shares of Republic Services from $180.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group raised their target price on shares of Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.14.

Republic Services Stock Performance

RSG stock opened at $186.33 on Thursday. The firm has a 50 day moving average of $188.80 and a two-hundred day moving average of $175.83. Republic Services has a 12 month low of $140.07 and a 12 month high of $196.76. The company has a market capitalization of $58.68 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 3.01 and a beta of 0.67. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.05.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently made changes to their positions in RSG. Allworth Financial LP grew its holdings in Republic Services by 42.4% in the 3rd quarter. Allworth Financial LP now owns 517 shares of the business services provider’s stock valued at $74,000 after buying an additional 154 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Republic Services by 10.0% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,982 shares of the business services provider’s stock worth $282,000 after purchasing an additional 181 shares during the period. Private Advisor Group LLC grew its holdings in shares of Republic Services by 14.0% during the third quarter. Private Advisor Group LLC now owns 19,389 shares of the business services provider’s stock valued at $2,763,000 after buying an additional 2,381 shares during the last quarter. MGO One Seven LLC raised its stake in shares of Republic Services by 6.1% in the third quarter. MGO One Seven LLC now owns 1,731 shares of the business services provider’s stock worth $247,000 after purchasing an additional 100 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Republic Services by 2.9% during the 3rd quarter. Signaturefd LLC now owns 7,993 shares of the business services provider’s stock worth $1,139,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 57.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now directly owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the sale, the chief marketing officer now owns 6,831 shares in the company, valued at approximately $1,270,702.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the sale, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be paid a $0.535 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.15%. Republic Services’s payout ratio is 37.54%.

Republic Services Company Profile

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.