Republic Services (RSG) Set to Announce Earnings on Tuesday

Republic Services (NYSE:RSG) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce 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.Parties that are interested in participating in the company’s conference call can do so using this link.

Republic Services (NYSE:RSG) last issued its earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. 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 Stock Performance

RSG stock opened at $191.92 on Monday. The firm has a 50 day simple moving average of $187.36 and a 200 day simple moving average of $170.83. Republic Services has a 52 week low of $135.33 and a 52 week high of $193.82. The stock has a market cap of $60.45 billion, a P/E ratio of 35.09, a P/E/G ratio of 3.36 and a beta of 0.68. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.56 and a current ratio of 0.56.

Republic Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 2nd. Republic Services’s dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling

In related news, CEO Ark Jon Vander sold 5,446 shares of Republic Services stock in a transaction on Monday, March 4th. The shares were sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares in the company, valued at approximately $15,669,303.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

RSG has been the subject of several recent research reports. BMO Capital Markets increased their price objective on Republic Services from $173.00 to $195.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Royal Bank of Canada began coverage on Republic Services in a research note on Monday, April 8th. They set a “sector perform” rating and a $198.00 price target for the company. Truist Financial boosted their price target on Republic Services from $175.00 to $192.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group lifted their target price on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group increased their price target on shares of Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $199.77.

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.