Republic Services (RSG) Projected to Post Quarterly Earnings on Thursday

Republic Services (NYSE:RSG) is anticipated to announce its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.55 per share and revenue of $4.08 billion for the quarter. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Republic Services (NYSE:RSG) last posted its earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period last year, the firm posted $1.41 earnings per share. On average, analysts expect Republic Services to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Republic Services Price Performance

Republic Services stock opened at $243.88 on Thursday. Republic Services has a 52-week low of $180.92 and a 52-week high of $249.73. The company has a quick ratio of 0.64, a current ratio of 0.58 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average is $234.67 and its 200 day moving average is $217.48. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 3.64 and a beta of 0.62.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, April 2nd. Republic Services’s dividend payout ratio is 35.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Republic Services from $239.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Argus set a $260.00 price target on Republic Services in a report on Tuesday, February 18th. Morgan Stanley lifted their price objective on shares of Republic Services from $220.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Stifel Nicolaus increased their target price on shares of Republic Services from $240.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group upped their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Republic Services has a consensus rating of “Moderate Buy” and an average price target of $239.13.

Insider Activity

In other Republic Services news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now owns 10,416 shares of the company’s stock, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Republic Services

An institutional investor recently raised its position in Republic Services stock. Brighton Jones LLC boosted its stake in shares of Republic Services, Inc. (NYSE:RSG) by 75.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,822 shares of the business services provider’s stock after buying an additional 8,547 shares during the period. Brighton Jones LLC’s holdings in Republic Services were worth $3,988,000 as of its most recent filing with the Securities & Exchange Commission. 57.73% of the stock is currently owned by institutional investors.

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.