Republic Services (RSG) Set to Announce 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.Individual that wish to register for the company’s earnings 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 EPS for the quarter, topping the consensus estimate of $1.28 by $0.13. Republic Services had a net margin of 11.57% and a return on equity of 17.32%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. 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 Up 1.1 %

Shares of NYSE RSG opened at $191.76 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services has a 52 week low of $135.33 and a 52 week high of $192.75. The firm’s fifty day moving average is $186.29 and its 200 day moving average is $169.53. The company has a market cap of $60.40 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.32 and a beta of 0.68.

Republic Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, April 1st. Republic Services’s payout ratio is 39.12%.

Insiders Place Their Bets

In other Republic Services news, CEO Ark Jon Vander sold 5,446 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $184.10, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

RSG has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Republic Services from $209.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Citigroup lifted their price target on shares of Republic Services from $190.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada initiated coverage on shares of Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price target on the stock. UBS Group cut shares of Republic Services from a “buy” rating to a “neutral” rating and lifted their price target for the company from $175.00 to $195.00 in a report on Thursday, February 29th. Finally, Oppenheimer lifted their price target on shares of Republic Services from $182.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.