Republic Services (RSG) Expected to Announce Earnings on Thursday

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

Republic Services Price Performance

Shares of RSG stock opened at $223.20 on Wednesday. Republic Services has a 52-week low of $171.06 and a 52-week high of $223.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $69.89 billion, a PE ratio of 35.71, a PEG ratio of 3.24 and a beta of 0.74. The firm’s 50 day moving average price is $210.15 and its two-hundred day moving average price is $206.59.

Republic Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, April 2nd. Republic Services’s payout ratio is 37.12%.

Insider Transactions at Republic Services

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. CIBC increased their target price on Republic Services from $217.00 to $227.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Jefferies Financial Group raised their price objective on Republic Services from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their price target for the company from $211.00 to $238.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, December 10th. Finally, Truist Financial increased their price target on Republic Services from $220.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.38.

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.