FY2024 EPS Estimate for Republic Services Raised by Analyst

Republic Services, Inc. (NYSE:RSG) – Research analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for Republic Services in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst T. Romeo now anticipates that the business services provider will earn $6.35 per share for the year, up from their prior forecast of $6.18. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Republic Services’ current full-year earnings is $6.18 per share. William Blair also issued estimates for Republic Services’ FY2025 earnings at $6.79 EPS and FY2026 earnings at $7.47 EPS.

Other research analysts have also recently issued reports about the company. Scotiabank started coverage on Republic Services in a report on Friday, October 4th. They set a “sector perform” rating and a $224.00 target price on the stock. Stifel Nicolaus upped their target price on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Raymond James cut their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. CIBC boosted their price target on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Stock Performance

RSG opened at $198.76 on Thursday. Republic Services has a twelve month low of $146.82 and a twelve month high of $208.69. The firm has a market capitalization of $62.42 billion, a PE ratio of 31.80, a PEG ratio of 3.21 and a beta of 0.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $203.77 and its 200 day moving average price is $196.65.

Republic Services (NYSE:RSG) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.19. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.54 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.

Hedge Funds Weigh In On Republic Services

Institutional investors have recently modified their holdings of the business. RFG Advisory LLC boosted its holdings in Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Republic Services by 4.0% during the second quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock worth $278,000 after buying an additional 55 shares during the period. Fidelis Capital Partners LLC lifted its stake in Republic Services by 3.8% in the third quarter. Fidelis Capital Partners LLC now owns 1,520 shares of the business services provider’s stock worth $310,000 after acquiring an additional 55 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its holdings in Republic Services by 3.5% during the 3rd quarter. Tower Wealth Partners Inc. now owns 1,643 shares of the business services provider’s stock worth $330,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Tomago Collins sold 3,200 shares of Republic Services stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the transaction, the director now owns 17,486 shares in the company, valued at approximately $3,549,832.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Republic Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is currently 37.12%.

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.