Republic Services (NYSE:RSG) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Republic Services (NYSE:RSG) posted its quarterly earnings results on Thursday. The business services provider reported $1.58 EPS for the quarter, topping the consensus estimate of $1.37 by $0.21, RTT News reports. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same quarter last year, the firm posted $1.41 EPS. Republic Services updated its FY 2025 guidance to 6.820-6.900 EPS.

Republic Services Stock Up 0.5 %

Shares of RSG traded up $1.02 during midday trading on Thursday, hitting $224.52. The company had a trading volume of 1,382,282 shares, compared to its average volume of 973,749. The company’s 50-day simple moving average is $210.47 and its 200-day simple moving average is $206.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $70.31 billion, a P/E ratio of 35.92, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services has a 1 year low of $176.30 and a 1 year high of $224.68.

Republic Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services’s payout ratio is presently 37.12%.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total value of $400,186.93. Following the sale, the director now owns 879 shares of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial raised their price objective on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised Republic Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer raised their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, CIBC lifted their target price on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.38.

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.