Republic Services (RSG) Scheduled to Post Earnings on Tuesday

Republic Services (NYSE:RSG) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Republic Services has set its FY24 guidance at $5.94-6.00 EPS and its FY 2024 guidance at 5.940-6.000 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Republic Services (NYSE:RSG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect Republic Services to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Republic Services Price Performance

NYSE:RSG opened at $191.92 on Friday. Republic Services has a one year low of $135.33 and a one year high of $193.82. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $60.45 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 3.39 and a beta of 0.68. The firm’s fifty day moving average is $187.36 and its two-hundred day moving average is $170.66.

Republic Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s payout ratio is 39.12%.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the sale, the chief executive officer now directly owns 85,113 shares in the company, valued at approximately $15,669,303.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. UBS Group lowered shares of Republic Services from a “buy” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $195.00 in a research note on Thursday, February 29th. Jefferies Financial Group increased their target price on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Royal Bank of Canada assumed coverage on shares of Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 target price on the stock. Finally, Morgan Stanley lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 target price on the stock. in a research note on Friday, March 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average target price of $199.77.

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.