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

Republic Services (NYSE:RSG - Get Free Report) posted its quarterly earnings results on Thursday. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.21, RTT News reports. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $4.08 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. During the same period 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 Stock Performance

Shares of RSG stock traded up $6.49 during mid-day trading on Monday, reaching $230.98. The stock had a trading volume of 1,506,661 shares, compared to its average volume of 945,565. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market cap of $72.33 billion, a PE ratio of 36.96, a P/E/G ratio of 3.24 and a beta of 0.74. Republic Services has a one year low of $177.03 and a one year high of $232.52. The firm's 50 day simple moving average is $210.94 and its 200 day simple moving average is $207.52.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.58 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. Republic Services's dividend payout ratio is currently 35.75%.

Insider Buying and Selling

In other Republic Services news, Director Katharine Weymouth sold 1,859 shares of the business's stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RSG. Deutsche Bank Aktiengesellschaft upgraded Republic Services from a "hold" rating to a "buy" rating and upped their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Oppenheimer raised their target price on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised Republic Services from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $219.00 to $237.00 in a report on Monday, January 6th. Truist Financial reissued a "buy" rating and issued a $250.00 price objective (up from $244.00) on shares of Republic Services in a research note on Friday. Finally, William Blair reissued an "outperform" rating on shares of Republic Services in a research note on Friday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $225.38.

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.