Republic Services (NYSE:RSG - Get Free Report) released its 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. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.08 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. During the same quarter 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 Trading Up 2.9 %
Shares of NYSE RSG traded up $6.49 during mid-day trading on Monday, reaching $230.98. The company had a trading volume of 1,506,661 shares, compared to its average volume of 945,565. The business's 50-day moving average is $210.94 and its 200-day moving average is $207.52. 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 stock has a market cap of $72.33 billion, a price-to-earnings 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.
Republic Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, April 2nd. Republic Services's payout ratio is presently 35.75%.
Insider Transactions at Republic Services
In other news, Director Katharine Weymouth sold 1,859 shares of the company's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $215.27, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian M. Delghiaccio sold 5,071 shares of the stock in a transaction dated 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 approximately $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.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on RSG shares. William Blair reaffirmed an "outperform" rating on shares of Republic Services in a research note on Friday. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a "hold" rating to a "buy" rating and upped their price target for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. Royal Bank of Canada raised shares of Republic Services from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $219.00 to $237.00 in a research note on Monday, January 6th. CIBC upped their price target on shares of Republic Services from $217.00 to $227.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets raised shares of Republic Services from a "market perform" rating to an "outperform" rating and upped their price target for the company from $211.00 to $238.00 in a research note 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $225.38.
Get Our Latest Stock Analysis on RSG
About Republic Services
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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.
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