Jefferies Financial Group Weighs in on Republic Services, Inc.’s Q1 2022 Earnings (NYSE:RSG)

Republic Services, Inc. (NYSE:RSGGet Rating) – Research analysts at Jefferies Financial Group dropped their Q1 2022 EPS estimates for shares of Republic Services in a research report issued on Friday, April 22nd. Jefferies Financial Group analyst H. Mazari now expects that the business services provider will earn $1.02 per share for the quarter, down from their previous forecast of $1.03.

Republic Services (NYSE:RSGGet Rating) last released its earnings results on Thursday, February 10th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. Republic Services had a return on equity of 15.04% and a net margin of 11.42%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $1.00 earnings per share. Republic Services’s revenue was up 14.8% compared to the same quarter last year.

Other analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on Republic Services from $139.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Republic Services from $142.00 to $139.00 and set a “hold” rating on the stock in a research note on Monday, February 14th. Raymond James boosted their target price on Republic Services from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com started coverage on Republic Services in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, JPMorgan Chase & Co. started coverage on Republic Services in a research report on Tuesday, March 1st. They set a “neutral” rating for the company. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Republic Services currently has a consensus rating of “Buy” and an average price target of $134.86.

Shares of RSG stock opened at $132.40 on Monday. The stock’s 50 day simple moving average is $128.38 and its 200 day simple moving average is $130.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 0.71. Republic Services has a twelve month low of $104.00 and a twelve month high of $145.98. The company has a market capitalization of $41.81 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 2.90 and a beta of 0.81.

Several hedge funds have recently bought and sold shares of the company. Corient Capital Partners LLC boosted its position in shares of Republic Services by 2.0% during the third quarter. Corient Capital Partners LLC now owns 3,776 shares of the business services provider’s stock worth $454,000 after buying an additional 74 shares during the period. Benjamin Edwards Inc. boosted its position in Republic Services by 0.4% during the fourth quarter. Benjamin Edwards Inc. now owns 18,093 shares of the business services provider’s stock valued at $2,523,000 after purchasing an additional 79 shares during the last quarter. Profund Advisors LLC boosted its position in Republic Services by 2.9% during the fourth quarter. Profund Advisors LLC now owns 2,928 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 82 shares during the last quarter. HighTower Advisors LLC boosted its position in Republic Services by 0.3% during the fourth quarter. HighTower Advisors LLC now owns 24,418 shares of the business services provider’s stock valued at $3,405,000 after purchasing an additional 82 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Republic Services by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,965 shares of the business services provider’s stock valued at $692,000 after purchasing an additional 87 shares during the last quarter. 58.80% of the stock is owned by institutional investors.

In other news, major shareholder Cascade Investment, L.L.C. acquired 259,085 shares of Republic Services stock in a transaction dated Tuesday, February 22nd. The stock was bought at an average cost of $117.03 per share, with a total value of $30,320,717.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 710,420 shares of company stock valued at $83,099,992 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Friday, April 1st were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.39%. Republic Services’s dividend payout ratio (DPR) is currently 45.54%.

Republic Services Company Profile (Get Rating)

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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