Republic Services, Inc. (NYSE:RSG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Republic Services has received a consensus rating of "Moderate Buy" from 22 brokerages, with 12 giving buy ratings and 2 categorizing it as a strong buy.
• The company reported a net margin of 12.97% and earnings per share of $1.77 for the last quarter, exceeding analyst expectations of $1.76.
• Republic Services recently announced a dividend increase, raising it to $0.625 per share from the previous $0.58, reflecting a yield of 1.1%.

Republic Services, Inc. (NYSE:RSG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty-two research firms that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $262.1667.

RSG has been the topic of several recent analyst reports. Oppenheimer upped their target price on Republic Services from $262.00 to $268.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. BMO Capital Markets upped their target price on Republic Services from $280.00 to $284.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $266.00 target price on shares of Republic Services in a research report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research report on Friday, April 25th. Finally, Scotiabank upped their target price on Republic Services from $250.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th.

Republic Services Stock Down 0.3%

Shares of NYSE RSG traded down $0.7650 during mid-day trading on Monday, reaching $235.3450. 213,343 shares of the company were exchanged, compared to its average volume of 1,290,054. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 3.66 and a beta of 0.60. Republic Services has a 1 year low of $197.60 and a 1 year high of $258.75. The firm has a 50-day moving average of $240.78 and a 200 day moving average of $240.19.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.26 billion. During the same period in the prior year, the business posted $1.61 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, research analysts expect that Republic Services will post 6.86 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services's dividend payout ratio is currently 34.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Republic Services by 1.6% in the second quarter. Vanguard Group Inc. now owns 19,057,995 shares of the business services provider's stock valued at $4,699,892,000 after purchasing an additional 296,719 shares during the period. Wellington Management Group LLP grew its holdings in Republic Services by 0.7% during the first quarter. Wellington Management Group LLP now owns 5,939,202 shares of the business services provider's stock worth $1,438,237,000 after acquiring an additional 42,019 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Republic Services by 0.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,335,515 shares of the business services provider's stock worth $1,292,050,000 after acquiring an additional 17,711 shares during the period. Geode Capital Management LLC grew its holdings in Republic Services by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,821,387 shares of the business services provider's stock worth $1,187,328,000 after acquiring an additional 144,003 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Republic Services by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 2,872,235 shares of the business services provider's stock worth $695,541,000 after acquiring an additional 119,158 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

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.