Republic Services (RSG) Scheduled to Post Earnings on Tuesday

Republic Services (NYSE:RSG) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Republic Services to post earnings of $1.37 per share for the quarter. Republic Services has set its FY24 guidance at $5.94-6.00 EPS and its FY 2024 guidance at 5.940-6.000 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business earned $1.13 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect Republic Services to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Republic Services Price Performance

RSG opened at $191.92 on Friday. The stock has a 50-day moving average price of $187.36 and a 200-day moving average price of $170.66. Republic Services has a 12-month low of $135.33 and a 12-month high of $193.82. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $60.45 billion, a P/E ratio of 35.09, a PEG ratio of 3.39 and a beta of 0.68.

Republic Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, July 2nd. Republic Services’s payout ratio is currently 39.12%.

Analysts Set New Price Targets

RSG has been the subject of several analyst reports. Jefferies Financial Group increased their target price on Republic Services from $213.00 to $225.00 and gave the company a “buy” rating in a report on Monday, March 18th. Wells Fargo & Company increased their target price on Republic Services from $180.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Scotiabank started coverage on Republic Services in a research report on Monday, April 8th. They set a “sector perform” rating and a $211.00 price target for the company. Oppenheimer upped their price target on Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, BMO Capital Markets upped their price target on Republic Services from $173.00 to $195.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and an average price target of $199.77.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $184.10, for a total transaction of $1,002,608.60. Following the completion of the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at approximately $15,669,303.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

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.