Republic Services (NYSE:RSG) Posts Earnings Results, Beats Estimates By $0.21 EPS

Republic Services (NYSE:RSG) announced its quarterly earnings results on Thursday. The business services provider reported $1.58 earnings per share (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 firm posted $1.41 EPS. Republic Services updated its FY 2025 guidance to 6.820-6.900 EPS.

Republic Services Stock Performance

Shares of NYSE:RSG opened at $230.19 on Friday. Republic Services has a one year low of $177.03 and a one year high of $232.52. The firm has a market cap of $72.08 billion, a PE ratio of 36.83, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. The firm’s 50 day simple moving average is $210.65 and its 200-day simple moving average is $207.06. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64.

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s dividend payout ratio is presently 37.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Jefferies Financial Group lifted their price target on shares of Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Oppenheimer raised their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada upgraded Republic Services from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $219.00 to $237.00 in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were 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 directly owns 6,318 shares in the company, valued at $1,326,906.36. This represents a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

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.