Republic Services (NYSE:RSG) Posts Quarterly Earnings Results, Beats Expectations 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, beating 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 period in the previous year, the firm earned $1.41 earnings per share. Republic Services updated its FY 2025 guidance to 6.820-6.900 EPS.

Republic Services Stock Up 0.5 %

NYSE:RSG traded up $1.02 during midday trading on Thursday, reaching $224.52. The company had a trading volume of 1,382,211 shares, compared to its average volume of 973,745. The firm has a market capitalization of $70.31 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 3.24 and a beta of 0.74. 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 stock’s fifty day simple moving average is $210.47 and its 200-day simple moving average is $206.94. Republic Services has a 12-month low of $176.30 and a 12-month high of $224.68.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued 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 1.03%. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSG. Jefferies Financial Group increased their price target on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $219.00 to $237.00 in a research note on Monday, January 6th. CIBC raised their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Republic Services has an average rating of “Moderate Buy” and an average price target of $224.38.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 1,859 shares of Republic Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction 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 Republic Services stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total value of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares in the company, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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.