Services of the Republic (NYSE: RSG – Get a rating) will release its quarterly results after market close on Thursday, May 5. Analysts expect Republic Services to post earnings of $1.05 per share for the quarter. Republic Services set its FY2022 guidance at $4,580-$4,650 EPS and its FY22 guidance at $4.58-$4.65 EPS. Parties interested in registering for the company’s conference call can do so using this link.
Services of the Republic (NYSE: RSG – Get a rating) last released its quarterly results on Thursday, February 10. The business services provider reported earnings per share of $1.02 for the quarter, beating analyst consensus estimates of $1.01 by $0.01. The company posted revenue of $2.95 billion in the quarter, versus a consensus estimate of $2.87 billion. Republic Services achieved a net margin of 11.42% and a return on equity of 15.04%. The company’s quarterly revenue increased 14.8% year over year. During the same period of the previous year, the company made earnings per share of $1.00. On average, analysts expect Republic Services to post EPS of $5 for the current fiscal year and EPS of $5 for the next fiscal year.
Shares of NYSE: RSG opened at $137.06 on Thursday. The company’s 50-day simple moving average is $129.42 and its 200-day simple moving average is $130.91. The stock has a market capitalization of $43.28 billion, a price-to-earnings ratio of 33.93, a growth price-to-earnings ratio of 2.90 and a beta of 0.81. The company has a debt ratio of 1.06, a current ratio of 0.71 and a quick ratio of 0.71. Republic Services has a 1-year minimum of $104.46 and a 1-year maximum of $145.98.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14. Investors of record on Friday, April 1 received a dividend of $0.46. The ex-dividend date was Thursday, March 31. This represents a dividend of $1.84 on an annualized basis and a yield of 1.34%. Republic Services’ dividend payout ratio (DPR) is 45.54%.
In other news, major shareholder Cascade Investment, LLC purchased 362,747 shares of the company in a transaction that took place on Friday, February 18. The shares were acquired at an average price of $117.17 per share, for a total transaction of $42,503,065.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Over the past 90 days, insiders have purchased 710,420 shares of the company worth $83,099,992. 0.06% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have recently bought and sold shares of RSG. EverSource Wealth Advisors LLC acquired a new stake in Republic Services stock in Q4 worth approximately $194,000. Squarepoint Ops LLC increased its position in Republic Services by 45.0% in Q4. Squarepoint Ops LLC now owns 5,945 shares of the business services provider worth $829,000 after purchasing an additional 1,846 shares in the last quarter. Advisors Asset Management Inc. increased its position in Republic Services by 28.8% in the fourth quarter. Advisors Asset Management Inc. now owns 11,312 shares of the business services provider worth $1,577,000 after buying 2,527 additional shares in the last quarter. Belpointe Asset Management LLC increased its position in Republic Services by 5.2% in the 4th quarter. Belpointe Asset Management LLC now owns 1,843 shares of the business services provider worth $257,000 after buying 91 additional shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in Republic Services by 15.6% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 23,745 shares of the business services provider worth $3,311,000 after buying 3,213 additional shares last quarter. Institutional investors hold 58.80% of the company’s shares.
A number of research companies have weighed in on RSG. Raymond James raised his price target on Republic Services shares from $140.00 to $142.00 and gave the stock an “outperform” rating in a Friday, April 22 research note. Morgan Stanley raised its price target on Republic Services shares from $139.00 to $149.00 and gave the stock an “overweight” rating in a Tuesday, March 8 research note. Deutsche Bank Aktiengesellschaft cut its price target on Republic Services shares from $142.00 to $139.00 and placed a “hold” rating on the stock in a Monday, Feb. 14 research note. JPMorgan Chase & Co. began covering Republic Services shares in a research note on Tuesday, March 1. They issued a “neutral” rating on the title. To finish, StockNews.com began covering shares of Republic Services in a research note on Thursday, March 31. They issued a “Strong Buy” rating on the stock. Four analysts gave the stock a hold rating, four gave the stock a buy rating and two gave the stock a high buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $134.86.
Republic Services Company Profile (Get a rating)
Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.
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