FY2022 EPS Estimates for Republic Services, Inc. (NYSE:RSG) Increased by Analyst


Republic Services, Inc. (NYSE:RSG – Get Rating) – Stock analysts at KeyCorp boosted their FY2022 earnings per share (EPS) estimates for Republic Services in a research report issued to clients and investors on Tuesday, August 9th. KeyCorp analyst S. Eastman now forecasts that the business services provider will earn $4.79 per share for the year, up from their prior forecast of $4.70. The consensus estimate for Republic Services’ current full-year earnings is $4.78 per share. KeyCorp also issued estimates for Republic Services’ FY2023 earnings at $5.40 EPS.

Several other research firms also recently weighed in on RSG. Morgan Stanley boosted their price target on Republic Services from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James increased their target price on Republic Services from $140.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Republic Services from $147.00 to $158.00 in a report on Tuesday. Oppenheimer increased their target price on Republic Services from $139.00 to $154.00 and gave the company an “outperform” rating in a report on Monday. Finally, Bank of America raised Republic Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $150.00 in a report on Friday, May 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $148.33.

Republic Services Trading Up 0.1 %

RSG opened at $142.94 on Wednesday. The firm has a market cap of $45.15 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.82 and a beta of 0.72. The company has a current ratio of 0.73, a quick ratio of 0.75 and a debt-to-equity ratio of 1.26. Republic Services has a 12 month low of $113.57 and a 12 month high of $145.98. The stock has a fifty-day moving average price of $131.25 and a 200-day moving average price of $129.85.

Republic Services (NYSE:RSG – Get Rating) last announced its earnings results on Thursday, August 4th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.14. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Republic Services’ previous quarterly dividend of $0.46. Republic Services’s payout ratio is 42.20%.

Insider Transactions at Republic Services

In related news, CEO Ark Jon Vander sold 14,100 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $142.49, for a total value of $2,009,109.00. Following the transaction, the chief executive officer now owns 59,619 shares in the company, valued at approximately $8,495,111.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Timothy E. Stuart sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $135.19, for a total transaction of $2,027,850.00. Following the sale, the chief operating officer now owns 19,675 shares of the company’s stock, valued at approximately $2,659,863.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ark Jon Vander sold 14,100 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $142.49, for a total value of $2,009,109.00. Following the sale, the chief executive officer now directly owns 59,619 shares in the company, valued at approximately $8,495,111.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,447 shares of company stock worth $4,083,807. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC boosted its position in Republic Services by 9.8% in the 1st quarter. Park Avenue Securities LLC now owns 5,756 shares of the business services provider’s stock valued at $763,000 after buying an additional 512 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Republic Services by 8.0% during the first quarter. Daiwa Securities Group Inc. now owns 13,890 shares of the business services provider’s stock worth $1,840,000 after acquiring an additional 1,029 shares during the period. Advisor Partners LLC increased its stake in shares of Republic Services by 8.3% in the first quarter. Advisor Partners LLC now owns 12,369 shares of the business services provider’s stock valued at $1,639,000 after purchasing an additional 943 shares during the period. Sigma Planning Corp increased its stake in shares of Republic Services by 0.5% in the first quarter. Sigma Planning Corp now owns 22,222 shares of the business services provider’s stock valued at $2,945,000 after purchasing an additional 113 shares during the period. Finally, Rockefeller Capital Management LP increased its stake in shares of Republic Services by 18.4% in the fourth quarter. Rockefeller Capital Management LP now owns 82,258 shares of the business services provider’s stock valued at $11,470,000 after purchasing an additional 12,755 shares during the period. 92.80% of the stock is currently owned by institutional investors and hedge funds.

Republic Services Company Profile

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Republic Services, Inc., together with its subsidiaries, offers 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 material for transport to transfer stations, landfills, or recycling processing centers; supply of recycling and waste containers; and renting of compactors.

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Earnings History and Estimates for Republic Services (NYSE:RSG)



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