Republic Services(RSG)

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Republic Services, Inc. Reports Third Quarter 2024 Results
Prnewswire· 2024-10-29 20:10
Third Quarter Total Revenue Growth of 6.5 Percent Reported Earnings Per Share of $1.80 and Adjusted Earnings Per Share of $1.81 Expanded Net Income Margin 130 Basis Points and Adjusted EBITDA Margin 210 Basis Points Generated Year-to-Date Cash Flow from Operations of $2.91 Billion and Adjusted Free Cash Flow of $1.74 Billion Certified as a Great Place to Work® for Eighth Consecutive Year PHOENIX, Oct. 29, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $565.7 million, o ...
Republic Services to Report Q3 Earnings: What's in the Offing?
ZACKS· 2024-10-24 17:02
Republic Services, Inc. (RSG) is scheduled to release its third-quarter 2024 results on Oct. 29, after market close.See Zacks Earnings Calendarto stay ahead of market-making news.RSG has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 7.6%.Republic Services’ Q3 ExpectationsThe Zacks Consensus Estimate for the company’s revenues is pegged at $4.1 billion, hinting at a 7.5% increase from the year-ago quarter’s rep ...
Insights Into Republic Services (RSG) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-24 14:21
Core Insights - Republic Services (RSG) is expected to report quarterly earnings of $1.62 per share, reflecting a 5.2% increase year over year, with revenues projected at $4.11 billion, indicating a 7.5% growth compared to the previous year [1] - Analysts have adjusted the consensus EPS estimate upward by 0.1% over the past 30 days, indicating a reassessment of projections [1] Revenue Projections - Revenue from Environmental Solutions is forecasted to reach $458.05 million, representing an 8% year-over-year increase [2] - Total Collection Revenue is estimated at $2.79 billion, showing a 6.7% increase from the same quarter last year [2] - Revenue from Collection Other is projected at $19.40 million, indicating a 2.1% increase year over year [2] - Other non-core revenue is expected to be $92.62 million, reflecting a 7.9% year-over-year change [2] Detailed Revenue Breakdown - Net Revenue from Environmental Solutions is likely to reach $451.02 million, suggesting an 11.4% increase from the prior year [3] - Revenue from Transfer is projected at $466.66 million, indicating a 5% increase year over year [3] - Landfill Revenue is expected to be $781.92 million, reflecting a 5.2% increase from the previous year [3] - Revenue from Other Recycling Processing and Commodity Sales is estimated at $91.79 million, showing a significant 20.3% increase year over year [3] - Residential Collection Revenue is projected to be $760.57 million, indicating a 5.9% increase from the prior quarter [3] - The Average Yield is expected to reach 5.5%, down from 5.8% in the previous year [3] Stock Performance - Over the past month, shares of Republic Services have returned -0.3%, while the Zacks S&P 500 composite has increased by 1.5% [4] - Republic Services currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [4]
Republic Services (RSG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-22 15:06
The market expects Republic Services (RSG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...
Operational Efficiency Benefits Republic Services Amid Low Liquidity
ZACKS· 2024-10-11 17:05
Republic Services, Inc. (RSG) is benefiting from the expansion of its recycling volume and operational efficiency, which lowers fleet operating costs. This stock is highly attractive to investors who seek regular dividends. However, liquidity concerns weigh on the company and rising fuel costs are worrisome. RSGreported impressive second-quarter 2024 results. Earnings per share (excluding 1 cent from non-recurring items) of $1.6 beat the Zacks Consensus Estimate by 5.2% and increased 14.2% from the year-ago ...
Republic Services (RSG) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-09-24 17:01
Republic Services (RSG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The p ...
Republic Services, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-09-23 13:04
PHOENIX, Sept. 23, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) will release its third quarter financial results after market close on Tuesday, Oct. 29, 2024, and host an investor conference call at 5 p.m. Eastern Time that day. A live audio webcast of the conference call can be accessed by visiting the company's Investor Relations website at investor.republicservices.com. Participants also can dial into the conference call at (844) 890-1789 or 1-412-717-9598 (International), passcode "Republic ...
Republic Services: Who Knew Trash Could Be So Profitable?
Seeking Alpha· 2024-08-26 21:39
Yevhen Smyk Nearly two years ago, in October 2022, I wrote a bullish article about a waste management firm by the name of Republic Services, Inc. (NYSE:RSG). With a market capitalization as of this writing of $64.78 billion, the company is a behemoth in its market. Large companies in mature industries are often viewed in a negative or neutral light. This is because the perception is that upside for them is probably limited relative to what the broader market could achieve. At that time, I acknowledged that ...
Republic Services: A Future Dividend Champion, Currently Overvalued
Seeking Alpha· 2024-08-17 14:52
Company Overview - Republic Services Inc. (NYSE:RSG) is a leading company in garbage collection and waste disposal, outperforming the S&P 500 ETF (SPY) by 22.7% to 14.4% in 2024 and 36.7% to 21.3% over the past year [2] - The company is known for its consistent and predictable earnings, strong pricing power, and a strategy of serial acquisitions to expand its operations [2] Financial Performance - Revenue has shown significant growth, with an increase of over 11% from 2020 to 2021, nearly 20% from 2021 to 2022 (partly due to the acquisition of US Ecology), and another almost 11% increase in 2023 [3] - The company has achieved a compound annual growth rate of nearly 10% in revenue over the past five years, with FY24 revenue projected between $16.075 billion and $16.125 billion, reflecting a 7.5% increase from 2023 [3] Earnings Per Share (EPS) - Earnings per share have been on the rise since 2019, with a growth rate exceeding 13%, peaking at a 33% increase in 2021 [5] - Management projects FY24 EPS to be in the range of $6.10 to $6.15, indicating an increase of about 11.5% [7] Operating Margin - The operating margin has remained steady, fluctuating between 16.83% and just above 18.5% over the past five years, demonstrating the company's ability to control variable costs [9] Dividend Policy - Republic Services has paid dividends for over 20 years and is on track to achieve "Dividend Champion" status, currently yielding about 1.15% [11] - The company has maintained consistent dividend growth, with 3-, 5-, and 10-year growth rates all above 7%, and a reduction in payout ratio from nearly 50% in 2019 to about 35% recently [11] Free Cash Flow - Free cash flow has grown significantly, with a rate of about 14% since 2021, and management expects adjusted free cash flow for 2024 to be between $2.15 billion and $2.17 billion, a potential increase of about 9% [12] Valuation - Current valuation methods suggest that RSG is overvalued, with a price to earnings ratio fluctuating from a low near 25 to a high just above 34, and a current price approximately 15% above the estimated fair value based on EPS guidance [14][15]
Why Republic Services (RSG) is a Top Value Stock for the Long-Term
ZACKS· 2024-07-30 14:41
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium includes access to the Zacks Style ...