Republic Services, Inc. to Post Q4 2024 Earnings of $1.42 Per Share, Zacks Research Forecasts (NYSE:RSG)

Republic Services, Inc. (NYSE:RSG - Free Report) - Zacks Research decreased their Q4 2024 earnings per share estimates for Republic Services in a report released on Tuesday, May 21st. Zacks Research analyst S. Dey now expects that the business services provider will post earnings of $1.42 per share for the quarter, down from their previous estimate of $1.52. The consensus estimate for Republic Services' current full-year earnings is $6.05 per share.

Several other brokerages have also commented on RSG. Royal Bank of Canada initiated coverage on Republic Services in a research note on Monday, April 8th. They issued a "sector perform" rating and a $198.00 price target on the stock. Oppenheimer raised their price target on Republic Services from $202.00 to $204.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Jefferies Financial Group raised their price target on Republic Services from $213.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. UBS Group raised their price target on Republic Services from $195.00 to $200.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Finally, Morgan Stanley downgraded Republic Services from an "overweight" rating to an "equal weight" rating and set a $199.00 price target on the stock. in a research note on Friday, March 15th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. 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 Trading Down 0.2 %

NYSE:RSG traded down $0.44 during trading hours on Thursday, hitting $186.33. The company had a trading volume of 605,305 shares, compared to its average volume of 1,203,526. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average of $188.80 and a 200 day moving average of $175.76. The company has a market cap of $58.68 billion, a P/E ratio of 32.70, a P/E/G ratio of 3.01 and a beta of 0.67. Republic Services has a 1 year low of $140.07 and a 1 year high of $196.76.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. YHB Investment Advisors Inc. bought a new stake in Republic Services in the first quarter valued at about $29,000. EntryPoint Capital LLC bought a new position in shares of Republic Services during the first quarter valued at approximately $29,000. Bogart Wealth LLC bought a new position in Republic Services in the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Republic Services in the 4th quarter worth approximately $34,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Republic Services in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 57.73% of the company's stock.

Insider Activity

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

Republic Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, July 2nd. 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.