Republic Services, Inc. (NYSE:RSG - Free Report) - Zacks Research raised their Q3 2024 earnings estimates for shares of Republic Services in a research report issued to clients and investors on Tuesday, August 13th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $1.68 per share for the quarter, up from their previous forecast of $1.58. The consensus estimate for Republic Services' current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Republic Services' Q4 2024 earnings at $1.44 EPS, FY2024 earnings at $6.18 EPS, Q1 2025 earnings at $1.55 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.71 EPS and FY2025 earnings at $6.65 EPS.
Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. Republic Services had a return on equity of 17.81% and a net margin of 12.11%. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $4.03 billion.
RSG has been the subject of a number of other reports. Royal Bank of Canada lifted their price target on shares of Republic Services from $201.00 to $211.00 and gave the company a "sector perform" rating in a research report on Thursday, July 25th. Scotiabank upped their price target on Republic Services from $211.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 1st. Raymond James lowered their price target on Republic Services from $219.00 to $214.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. UBS Group boosted their price objective on Republic Services from $195.00 to $200.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Finally, TD Cowen lifted their target price on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a research report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $211.00.
Check Out Our Latest Report on RSG
Republic Services Trading Up 0.2 %
RSG traded up $0.37 on Friday, hitting $203.25. The company had a trading volume of 747,948 shares, compared to its average volume of 1,215,367. The company's fifty day moving average price is $195.81 and its 200 day moving average price is $188.88. Republic Services has a 1 year low of $140.23 and a 1 year high of $206.54. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.05. The firm has a market cap of $64.01 billion, a P/E ratio of 35.60, a PEG ratio of 3.23 and a beta of 0.69.
Republic Services Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.14%. This is an increase from Republic Services's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Wednesday, October 2nd. Republic Services's payout ratio is 40.70%.
Insider Transactions at Republic Services
In related news, Director Katharine Weymouth acquired 540 shares of the business's stock in a transaction on Tuesday, June 4th. The shares were bought at an average price of $185.26 per share, with a total value of $100,040.40. Following the completion of the acquisition, the director now owns 540 shares in the company, valued at $100,040.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.
Hedge Funds Weigh In On Republic Services
A number of hedge funds have recently modified their holdings of RSG. YHB Investment Advisors Inc. purchased a new position in shares of Republic Services during the first quarter worth about $29,000. EntryPoint Capital LLC purchased a new stake in shares of Republic Services during the first quarter worth approximately $29,000. Bogart Wealth LLC acquired a new stake in shares of Republic Services during the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its position in Republic Services by 3,014.3% in the 4th quarter. Jones Financial Companies Lllp now owns 218 shares of the business services provider's stock valued at $36,000 after buying an additional 211 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Republic Services in the 2nd quarter valued at $36,000. 57.73% of the stock is currently owned by hedge funds and other institutional investors.
About Republic Services
(Get Free Report)
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.
Further Reading
- Five stocks we like better than Republic Services
- What is the Euro STOXX 50 Index?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- Best Stocks Under $5.00
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- Comparing and Trading High PE Ratio Stocks
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
→ Bezos, Gates, Altman investing in abandoned towns… (From Porter & Company) (Ad)
Should you invest $1,000 in Republic Services right now?
Before you consider Republic Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Services wasn't on the list.
While Republic Services currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The Next 7 Blockbuster Stocks for Growth Investors
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
