William Blair Weighs in on Republic Services, Inc.’s FY2024 Earnings (NYSE:RSG)

Republic Services, Inc. (NYSE:RSG) – William Blair issued their FY2024 earnings estimates for shares of Republic Services in a research report issued to clients and investors on Thursday, October 3rd. William Blair analyst T. Romeo expects that the business services provider will earn $6.18 per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Republic Services’ current full-year earnings is $6.18 per share. William Blair also issued estimates for Republic Services’ FY2025 earnings at $6.71 EPS and FY2026 earnings at $7.39 EPS.

Other research analysts have also issued research reports about the stock. BMO Capital Markets increased their price target on shares of Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of Republic Services from $201.00 to $211.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Oppenheimer lowered their target price on shares of Republic Services from $211.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Truist Financial upgraded shares of Republic Services from a “hold” rating to a “buy” rating and raised their target price for the company from $192.00 to $220.00 in a research note on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.65.

Republic Services Stock Down 0.6 %

NYSE RSG opened at $200.67 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $63.02 billion, a P/E ratio of 35.21, a PEG ratio of 3.21 and a beta of 0.69. Republic Services has a 12 month low of $141.80 and a 12 month high of $208.69. The company’s 50 day simple moving average is $202.55 and its 200 day simple moving average is $194.96.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. Republic Services had a net margin of 12.11% and a return on equity of 17.81%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.03 billion.

Institutional Trading of Republic Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new stake in Republic Services during the 1st quarter valued at approximately $29,000. EntryPoint Capital LLC acquired a new stake in shares of Republic Services during the 1st quarter worth approximately $29,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Republic Services during the 2nd quarter worth approximately $36,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Republic Services during the 2nd quarter worth approximately $45,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Republic Services during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Insider Activity

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the completion of the sale, the director now owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Republic Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.58 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.16%. This is an increase from Republic Services’s previous quarterly dividend of $0.54. Republic Services’s dividend payout ratio is currently 40.70%.

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.