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

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

Republic Services Price Performance

NYSE RSG traded up $6.49 on Friday, reaching $230.98. The company’s stock had a trading volume of 1,506,661 shares, compared to its average volume of 945,565. The firm has a market cap of $72.33 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 3.24 and a beta of 0.74. Republic Services has a 52 week low of $177.03 and a 52 week high of $232.52. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $210.94 and a 200 day moving average price of $207.33.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.00%. Republic Services’s payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RSG. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada upgraded shares of Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $219.00 to $237.00 in a research note on Monday, January 6th. Morgan Stanley raised their target price on shares of Republic Services from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday. Oppenheimer raised their target price on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $211.00 to $238.00 in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Republic Services presently has an average rating of “Moderate Buy” and a consensus target price of $225.38.

Insider Buying and Selling at Republic Services

In other news, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $189,222.33. This represents a 67.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the company’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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.