Republic Services (NYSE:RSG) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Republic Services reported quarterly earnings of $1.77 per share, exceeding analyst expectations of $1.75 by $0.02, and has updated its FY 2025 guidance to 6.820-6.900 EPS.
• The company announced an increase in its quarterly dividend to $0.625 per share, up from $0.58, with a payout ratio of 34.99%.
• Shares of Republic Services rose 1.8% to $245.80 during trading, with institutional investors now owning 57.73% of the company’s stock.

Republic Services (NYSE:RSG - Get Free Report) announced its quarterly earnings results on Tuesday. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01, Zacks reports. Republic Services had a return on equity of 18.28% and a net margin of 12.88%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the company earned $1.61 EPS. The firm's revenue was up 4.6% on a year-over-year basis. Republic Services updated its FY 2025 guidance to 6.820-6.900 EPS.

Republic Services Stock Performance

Shares of NYSE RSG traded down $11.35 during trading hours on Wednesday, reaching $234.67. The stock had a trading volume of 1,033,925 shares, compared to its average volume of 1,280,157. The company has a market cap of $73.33 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 3.67 and a beta of 0.61. Republic Services has a twelve month low of $192.64 and a twelve month high of $258.75. The business's fifty day moving average is $247.06 and its two-hundred day moving average is $238.10. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.66 and a quick ratio of 0.66.

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 dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, October 2nd. This is a positive change from Republic Services's previous quarterly dividend of $0.58. Republic Services's dividend payout ratio (DPR) is presently 34.99%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group increased their price target on shares of Republic Services from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Wednesday. Raymond James Financial increased their target price on shares of Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Oppenheimer boosted their price target on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Truist Financial upped their price target on Republic Services from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $280.00 price objective (up from $268.00) on shares of Republic Services in a research note on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.68.

Institutional Investors Weigh In On Republic Services

An institutional investor recently raised its position in Republic Services stock. Brighton Jones LLC increased its stake in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 75.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,822 shares of the business services provider's stock after buying an additional 8,547 shares during the quarter. Brighton Jones LLC's holdings in Republic Services were worth $3,988,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 57.73% of the company's stock.

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.