Republic Services (RSG) to Release Earnings on Thursday

Republic Services (NYSE:RSG) is expected to post its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $1.37 per share and revenue of $4.07 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Republic Services Price Performance

Republic Services stock opened at $220.85 on Thursday. The business has a 50 day simple moving average of $209.84 and a 200 day simple moving average of $205.94. Republic Services has a one year low of $171.06 and a one year high of $221.75. The company has a market capitalization of $69.16 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.64.

Insider Buying and Selling

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katharine Weymouth sold 1,859 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the sale, the director now directly owns 879 shares of the company’s stock, valued at $189,222.33. The trade was a 67.90 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RSG. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $219.00 to $237.00 in a research note on Tuesday, December 10th. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $211.00 to $238.00 in a research note on Friday, December 6th. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price target on Republic Services from $217.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer boosted their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.24.

About Republic Services

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.