Republic Servs (NYSE:RSG) Stock, Quote.Headers.trade-ideas

Republic Servs

Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 207 active landfills and 246 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

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This Analyst With 84% Accuracy Rate Sees More Than 10% Upside In Apple - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

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Republic Services, Inc. (NYSE: RSG) reported an impressive second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate.

Republic Services Earnings Surpass Estimates in Q2

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Wall Street experienced a turbulent session on Wednesday, with the S&amp;P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions.

US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What&#39;s Driving Markets Wednesday?

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Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 15 years by 2.99% on an annualized basis producing an average annual return of 14.56%. Currently, Republic Servs has a market capitalization of $64.48 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 15 years ago, it would be worth $7,692.02 today based on a price of $205.30 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725917412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $7,700 Today

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 10 years by 7.14% on an annualized basis producing an average annual return of 17.88%. Currently, Republic Servs has a market capitalization of $63.84 billion. 
Buying $100 In RSG: If an investor had bought $100 of RSG stock 10 years ago, it would be worth $518.95 today based on a price of $203.27 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724079618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $500 Today

TD Cowen analyst James Schumm maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Hold and raises the price target from $195 to $200.

TD Cowen Maintains Hold on Republic Servs, Raises Price Target to $200

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 5 years by 4.63% on an annualized basis producing an average annual return of 17.7%. Currently, Republic Servs has a market capitalization of $62.04 billion. 
Buying $100 In RSG: If an investor had bought $100 of RSG stock 5 years ago, it would be worth $228.87 today based on a price of $197.54 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722627021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

U.S. stocks closed higher on Friday, with the Dow Jones index jumping around 650 points during the session following the release of recent inflation data.
The S&amp;P 500 fell 0.8% last week, while the Nasdaq dipped 2.1%, with both indices recording posted back-to-back weekly losses. However, the Dow outperformed, with the index gaining 0.8% to record its fourth straight positive week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Floor &amp; Decor Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) and cut the price target from $125 to $95 on July 26. This analyst sees around 1% decline in the stock.</li>
<li>Recent News: Floor &amp; Decor will release its financial results for the second quarter of fiscal 2024 after the closing bell on Thursday, Aug. 1.</li>
</ul>
Analyst: David Manthey
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Neutral rating on Republic Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) and increased the price target from $208 to $210 on July 25. This analyst sees around 10% upside in the stock.</li>
<li>Recent News: On July 24, the company reported better-than-expected quarterly results and increased its quarterly dividend to 58 cents per share.</li>
</ul>
Analyst: Trevor Walsh
<ul>
<li>Analyst Firm: JMP Securities</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Reiterated a Market Outperform rating on Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a price target of $580 on July 26. This analyst sees around 2% downside in the stock.</li>
<li>Recent News: On July 24, Tyler Technologies reported better-than-expected second-quarter adjusted EPS and sales.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Outperform rating on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and boosted the price target from $200 to $240 on July 25. This analyst sees over 10% gain in the stock.</li>
<li>Recent News: Apple is reportedly planning to discontinue the iPhone 17 Plus model and introduce an ultra-slim variant in the second half of 2025.</li>
</ul>
Analyst: Seth Seifman
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Overweight rating on Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and boosted the  price target from $518 to $560 on July 25. This analyst sees around 7% upside in the stock.</li>
<li>Recent News: On July 23, Lockheed Martin reported better-than-expected second-quarter financial results.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39984459/top-3-risk-off-stocks-that-are-set-to-fly-in-july">Top 3 Risk Off Stocks That Are Set To Fly In July</a></li>
</ul>

This Analyst With 84% Accuracy Rate Sees More Than 10% Upside In Apple - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Republic Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>) reported an impressive second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate.
RSG&#39;s 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 quarter. Revenues of $4 billion beat the consensus mark by a slight margin and gained 8.6% year over year.
The RSG stock has gained 29.7% over the past year, outperforming the 22.9% rally of the industry it belongs to and 22.6% growth of the Zacks S&amp;P 500 Composite.
<div class="chart_embed">
<h3>Republic Services, Inc. Price and EPS Surprise</h3>
<h3><img alt="Republic Services, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/74/1721919935.png" style="height:263px; width:545px" title="" /></h3>
Republic Services, Inc. price-eps-surprise | Republic Services, Inc. Quote
</div>
<h3>Segmental Revenues</h3>
Revenues from Collection totaled $2.7 billion, up 7% from the year-ago quarter, missing our expectation of $2.8 billion.
Revenues (net) in the Transfer and Landfill segments were $208.2 million and $440.2 million, rising 5.5% and 2.1% on a year-over-year basis, respectively. While the Transfer segment&#39;s revenues surpassed our estimate of $204.9 million, the Landfill segment missed our estimate of $447.3 million.
The Other segment&#39;s revenues of $204.2 million rose 30.6% from the year-ago quarter and outpaced our anticipation of $180.2 million. Environmental solutions&#39; revenues (net) of $472.6 million increased 18.7% year over year and beat our estimate of $433.5 million.
<h3>Operating Results</h3>
Adjusted EBITDA for the quarter was $1.3 billion, which marked 13% growth from the year-ago quarter, surpassing our estimate of $1.2 billion. The adjusted EBITDA margin of 31.1% increased 110 basis points from the year-ago quarter, beating our estimate of 30.2%.
<h3>Balance Sheet &amp; Cash Flow</h3>
Republic Services exited the second quarter of 2024 with cash and cash equivalents of $490.6 million compared with $91.6 million at the end of the preceding quarter. The long-term debt (net of current maturities) was $11.5 billion compared with $11.4 billion at the end of the first quarter of 2024.
RSG generated $1.1 billion in cash from operating activities in the reported quarter. The adjusted free cash flow was $617.1 million. Capital expenditure in the second quarter of 2024 was $403.1 million.
<h3>2024 Outlook</h3>
For 2024, Republic Services expects revenues of $16.08-$16.13 billion. The Zacks Consensus Estimate for the same is pegged at $16.15 billion, which is higher than the company&#39;s guided range. Adjusted EBITDA is anticipated to be $4.90-$4.93 billion.
RSG expects EPS of $6.15-$6.20. The consensus estimate is pegged at $6.05, which is higher than the company&#39;s guidance. The adjusted free cash flow is expected to be $2.15-$2.17 billion.
Currently, Republic Services carries a Zacks Rank #3 (Hold).
<h3>Earnings Snapshot</h3>
ABM Industries Incorporated&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>) reported impressive second-quarter fiscal 2024 results.
ABM&#39;s EPS (excluding 18 cents from non-recurring items) was 87 cents, which beat the Zacks Consensus Estimate by 11.5% but decreased 3.3% from the year-ago quarter. Total revenues of $2 billion outpaced the consensus mark by 1% and increased 1.7% on a year-over-year basis.
Paychex, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/payx#NASDAQ">PAYX</a>) reported mixed fourth-quarter fiscal 2024 results.
PAYX&#39;s earnings of $1.1 per share beat the Zacks Consensus Estimate by 1.8% and increased 15.5% from the year-ago quarter. Total revenues of $1.3 billion missed the consensus estimate marginally but rose 5.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2309347/republic-services-rsg-earnings-surpass-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309347">To read this article on Zacks.com click here.</a>

Raymond James analyst Patrick Tyler Brown maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Outperform and lowers the price target from $219 to $214.

Raymond James Maintains Outperform on Republic Servs, Lowers Price Target to $214

RBC Capital analyst Arthur Nagorny maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform and raises the price target from $201 to $211.

RBC Capital Maintains Sector Perform on Republic Servs, Raises Price Target to $211

BMO Capital analyst Devin Dodge maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Market Perform and raises the price target from $209 to $211.

BMO Capital Maintains Market Perform on Republic Servs, Raises Price Target to $211

CIBC analyst Kevin Chiang maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Neutral and raises the price target from $196 to $208.

CIBC Maintains Neutral on Republic Servs, Raises Price Target to $208

Stifel analyst Michael Hoffman maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Buy and raises the price target from $215 to $230.

Stifel Maintains Buy on Republic Servs, Raises Price Target to $230

Oppenheimer analyst Noah Kaye maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Outperform and lowers the price target from $211 to $210.

Oppenheimer Maintains Outperform on Republic Servs, Lowers Price Target to $210

Baird analyst David Manthey maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Neutral and raises the price target from $208 to $210.

Baird Maintains Neutral on Republic Servs, Raises Price Target to $210

Dividends

Republic Services Increases Quarterly Dividend From $0.535 To $0.580

Guidance

Republic Services Sees FY24 Adj. EPS $6.15-$6.20 Vs $6.06 Est.; Revenue $16.075B-$16.125B Vs $16.149B Est.

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.53 by 5.23 percent. The company reported quarterly sales of $4.048 billion which beat the analyst consensus estimate of $4.035 billion by 0.33 percent. This is a 8.64 percent increase over sales of $3.726 billion the same period last year.

Earnings Beats

Republic Servs Q2 2024 Adj EPS $1.61 Beats $1.53 Estimate, Sales $4.048B Beat $4.035B Estimate

Wall Street experienced a turbulent session on Wednesday, with the S&amp;P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in <a href="https://www.benzinga.com/markets">the last six sessions.</a>
The Magnificent Seven group — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) fell 4.9%, marking the worst daily performance since the fund&#8217;s inception last year.
Tesla shares plummeted over 11% after missing earnings expectations, with revenue dropping 7% year-over-year to $19.9 billion. This marks its second consecutive quarter of year-over-year sales declines and the first sequential decline in quarterly sales volume.
Despite posting stronger-than-expected numbers, Alphabet also saw a significant drop, falling 5%, weighed down by its YouTube advertising revenue, which failed to meet analyst expectations.
The Nasdaq 100 fell 3%, eyeing a similar decline to the one witnessed a week ago. The drop in tech companies also impacted the chipmaker industry, which heavily depends on AI-related investments from mega-cap tech giants. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) fell 3.3%, approaching its lowest close since early June.
The CBOE Volatility Index or VIX, commonly referred to as the market fear index, rallied 16% to 17 points.
On the macro front, flash PMI surveys revealed the strongest pace of growth for the services sector in 28 months, while manufacturing activity <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39934981/us-services-activity-hits-28-month-peak-price-pressures-continue-to-ease-economist-">returned to contraction in July.</a>
Treasury yields fell, sending a trade-weighted U.S. dollar gauge down 0.3%. Notably, the dollar fell 1.4% against the Japanese yen, eyeing levels last seen in early May. 
Gold showed its resilience against market turbulence, rising 0.6%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.4%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.07</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,045.39</td>
<td>-0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,461.51</td>
<td>-1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,171.24</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:05 p.m. ET</figcaption></figure>
According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 1.8% down to $543.94.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged down 0.8% to $400.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) fell 3% to $466.46.</li>
<li>Sector-wise, the Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)&nbsp;outperformed, up by 1.3%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, both down 3.2%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks moving on earnings were: 
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), down over 4%.</li>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) up 0.6%.</li>
<li>Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), down 0.4%. </li>
<li>Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 2.3%. </li>
<li>Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) up 3.2%.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) up 5.4%.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) down 2%. </li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) up 2.2%. </li>
<li>CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) up 0.8%, </li>
<li>General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) down 4%. </li>
<li>Roper Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) down 9%. </li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) up 2.9%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) up 0.7%. </li>
<li>Vertiv Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) down 9%.</li>
<li>Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) up 7%. </li>
</ul>
Those reporting after the close include: 
<ul>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) ORLY) </li>
<li>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</li>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)</li>
<li>Republic Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>)</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>)</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>)</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>)</li>
<li>Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>)</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>)</li>
<li>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>).</li>
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<li><a href="https://www.benzinga.com/news/large-cap/24/07/39931211/mortgage-rates-hit-lowest-point-since-february-as-investors-anticipate-fed-rate-cuts">Mortgage Rates Hit Lowest Point Since February As Investors Anticipate Fed Rate Cuts</a></li>
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US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 10 years by 7.87% on an annualized basis producing an average annual return of 18.57%. Currently, Republic Servs has a market capitalization of $64.08 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,492.98 today based on a price of $203.46 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721424620_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,500 Today

Oppenheimer analyst Noah Kaye maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Outperform and raises the price target from $204 to $211.

Oppenheimer Maintains Outperform on Republic Servs, Raises Price Target to $211

Equifax (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/efx#NYSE">EFX</a>) is scheduled to report second-quarter 2024 results on Jul 17, after market close.
EFX has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters and missing in one, the average being 2.4%.
<h3>Q2 Expectations</h3>
The Zacks Consensus Estimate for the top line is pegged at $1.4 billion, suggesting a 7.9% rise from the year-ago quarter&#39;s actual. Revenues are likely to have benefitted from an improved segmental performance.
The consensus estimate for earnings per share is pegged at $1.7, indicating a 1.1% increase on a year-over-year basis. A strong margin performance is expected to have driven the bottom line.
<h3>Segmental Information</h3>
Our estimate for second-quarter 2024 revenues from U.S. Information Solutions (&quot;USIS&quot;) is pegged at $481.9 million, indicating 8.3% growth from the year-ago quarter&#39;s reported number. This is likely to have increased due to stronger-than-expected mortgage revenues.
Total International revenues are expected to grow 20% from the year-ago quarter&#39;s reported number to $347.7 million. Better-than-expected revenues in Europe and Latin America are expected to have driven this segment&#39;s revenues. Revenues from Workforce Solutions are anticipated to grow 3% year over year. Our estimate is pegged at $600.2 million.
Adjusted EBITDA for the USIS and International segments are estimated to witness year-over-year growth of 3.9% and 26.3% to $166.3 million and $88.7 million, respectively. The metric is anticipated to have been driven by growth in revenues and continued strong cost management. The adjusted EBITDA for Workplace Solutions is estimated to increase 2% to $306.1 million from the year-ago quarter&#39;s actual. This segment&#39;s adjusted EBITDA is expected to have been driven by growth in non-mortgage revenues due to cost execution.
<h3>What Our Model Says</h3>
Our proven model predicts an earnings beat for Equifax. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here.
EFX currently has an Earnings ESP of +0.66% and a Zacks Rank #3.
<h3>Other Stocks to Consider</h3>
Here are a few other stocks from the broader Business Services sector, which, according to our model, also have the right combination of elements to beat on earnings this season.
Waste Connections (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcn#NYSE">WCN</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $2.2 billion, indicating a 9.6% increase from the year-ago quarter&#39;s reported figure. For earnings, the consensus mark is pegged at $1.1 per share, suggesting a 16% rise from the year-ago quarter&#39;s actual. The company beat the consensus estimate in the past four quarters, with an average surprise of 2.1%.
WCN has an Earnings ESP of +0.01% and currently flaunts a Zacks Rank of 1. The company is scheduled to declare its second-quarter results on Jul 24.
Republic Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>): The Zacks Consensus Estimate for the company&#39;s second-quarter 2024 revenues is pegged at $4 billion, implying a year-over-year 8.2% increase. For earnings, the consensus mark is pegged at $1.5 per share, suggesting a 7.8% rise from the year-ago quarter&#39;s reported figure. The company beat the consensus estimate in the past four quarters, with an average surprise of 7.8%.
RSG currently carries an Earnings ESP of +3.19% and a Zacks Rank of 2. The company is scheduled to declare its second-quarter results on Jul 24.
<a href="https://www.zacks.com/stock/news/2300925/equifax-efx-to-report-q2-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2300925">To read this article on Zacks.com click here.</a>

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The environmental services industry is transforming continuously to create and discover solutions for effective waste disposal and management and is poised to proliferate. Amid this backdrop, quality stocks Ecolab (ECL), Republic Services (RSG), and Waste Management (WM) could be ideal portfolio additions. Continue reading... The ever-growing global population has resulted in an increase in waste generation. In 2016, global municipal solid waste generation stood at <a href="https://www.statista.com/statistics/246178/projected-global-waste-management-market-size/">2.02 billion metric tons</a> and was projected to surpass three billion metric tons by 2050. These concerns have emerged as key drivers for the growth of the environmental services market.
Therefore, it could be wise to invest in fundamentally strong waste disposal stocks Ecolab Inc. (<a href="https://stocknews.com/stock/ECL/">ECL</a>), Republic Services, Inc. (<a href="https://stocknews.com/stock/RSG/">RSG</a>), and Waste Management, Inc. (<a href="https://stocknews.com/stock/WM/">WM</a>) for a profitable and sustainable portfolio.
The alarmingly rising concerns of environment conservation, waste management, and sustainable practices have <a href="https://www.capstonepartners.com/insights/article-waste-and-recycling-ma-update/">brought waste disposal to the center</a>. Factors including sustainability pressure, geographic expansion and consolidation, and the addition of new service capabilities are increasingly driving merger and acquisition activities promoting the waste and recycling sector.
Companies are increasingly investing in technologies and processes to reduce their environmental footprint. Also, increasing regulatory pressures and customer demand for sustainable service are transforming the segment.
With this, the global waste management market is expected to grow from $1.20 trillion in 2024 to reach around $2.17 trillion by 2033, exhibiting growth at a <a href="https://www.marketsandmarkets.com/Market-Reports/waste-management-market-72285482.html#:~:text=The%20current%20market%20size%20of,USD%201219.6%20billion%20in%202024.">CAGR of 6.8%</a> during the forecast period (2024-2033). During the forecast period, the market is expected to evolve with advances in decomposition technologies and harsher regulatory requirements.
Given the industry's encouraging prospects, let's look at the fundamentals of the best three <a href="https://stocknews.com/category/waste-disposal/">Waste Disposal</a> stocks, beginning with the third choice.
Stock #3: Ecolab Inc. (<a href="https://stocknews.com/stock/ECL/">ECL</a>)
ECL offers water, hygiene, and infection prevention solutions and services internationally. The company operates through: Global Industrial; Global Institutional &amp; Specialty; and Global Healthcare &amp; Life Sciences segments.
On August 1, ECL closed the sale of its global surgical solutions business to Medline for a total consideration of $950 million in cash. Also, owing to ECL's strong balance sheet, the company intends to use the proceeds from this transaction to repurchase up to an additional $500 million of its stock in the second half of 2024.
On June 3, ECL's Purolite resin business, and Repligen Corporation (<a href="https://stocknews.com/stock/RGEN/">RGEN</a>), a life sciences company focused on bioprocessing technology leadership, commercially launched Purolite's DurA Cycle, a protein A chromatography resin for large-scale purification processes.
The innovation marked a significant milestone in Purolite's long-term strategic partnership with Repligen and reflected ECL's dedication to driving advancements in the bioprocessing industry.
ECL's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 3.4% year-over-year to $3.98 billion for the second quarter that ended June 30, 2024. The company's non-GAAP adjusted operating income grew 30.4% from the year-ago value to $669.80 million. Adjusted net income and EPS attributable to Ecolab amounted to $481.50 million and $1.68, indicating growth of 35.3% and 35.5% from the prior year's quarter, respectively.
In addition, the company's free cash flow rose 3.2% year-over-year to $414.20 million.
As per the business outlook for the third quarter of 2024, ECL expects its adjusted EPS to be between $1.75 and $1.85, showing a 14% to 20% growth from the year-ago value.
Further, the company raised its full-year 2024 adjusted EPS range to $6.50 - $6.70, reflecting growth between 25% and 29% from the prior guidance of $6.40 - $6.70.
Street expects ECL's revenue and EPS for the third quarter (ending September 2024) to increase 2.5% and 18.3% year-over-year to $4.06 billion and $1.82, respectively. Furthermore, the company topped the consensus EPS estimates in each trailing four quarters.
Shares of ECL have surged 11.3% over the past six months and 35.5% over the past year to close the last trading session at $249.19.
ECL's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability and Quality. Within the B-rated <a href="https://stocknews.com/category/waste-disposal/">Waste Disposal</a> industry, ECL is ranked #7 out of 13 stocks.
<a href="https://stocknews.com/stock/ECL/">Click here</a> to access additional ratings of ECL for Growth, Momentum, Sentiment, and Value.
Stock #2: Republic Services, Inc. (<a href="https://stocknews.com/stock/RSG/">RSG</a>)
RSG offers environmental services. The company 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.
On July 24, RSG's Board of Directors approved a $0.04 increase in the company's quarterly dividend. The quarterly dividend of $0.58 per share is to be paid on October 15, 2024, to shareholders of record on October 2, 2024.
RSG's annual dividend of $2.32 translates to a yield of 1.13% at the current share price. Its four-year average dividend yield is 1.40%. Moreover, the company's dividend payouts have increased at a CAGR of 8% over the past three years. RSG has raised dividends for 20 consecutive years.
On June 13, RSG and Archaea Energy, a subsidiary of BP (<a href="https://stocknews.com/stock/BP/">BP</a>), unveiled the first renewable natural gas plant under the companies' Lightning Renewables joint venture. The Archaea Modular Design (AMD) plant at RSG's National Serv-All Landfill in Fort Wayne, Ind., is the first of around 40 landfill gas-to-RNG projects targeted by the JV.
For the second quarter that ended June 30, 2024, RSG's revenue rose 8.7% from the prior-year quarter to $4.05 billion. Its operating income grew 15.1% from the year-ago value to $813.80 million. The company's adjusted net income and EPS came in at $508.90 million and $1.61, up 13.9% and 14.2% year-over-year, respectively.
In addition, the company's adjusted EBITDA increased 12.6% year-over-year to $1.26 billion.
The company updated its full-year 2024 financial guidance. RSG expects revenue in the range of $16.07 billion to $16.12 billion. Its adjusted EBITDA is expected to be $4.90 billion - $4.92 billion. Further, the company's adjusted EPS is set at $6.15 -$6.20, and adjusted free cash flow is projected to be between $2.150 billion and $2.170 billion.
Analysts expect RSG's revenue and EPS for the third quarter (ending September 2024) to increase 8% and 5% year-over-year to $4.12 billion and $1.62, respectively. Also, the company has surpassed the consensus EPS estimates in all of the trailing four quarters.
RSG's shares have gained 11.4% over the past six months and 39.3% over the past year to close the last trading session at $205.30.
RSG's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Stability and Quality. Within the B-rated Waste Disposal industry, RSG is ranked #5 among 13 stocks.
In addition to the POWR Ratings we've stated above, we also have RSG ratings for Momentum, Growth, Value, and Sentiment. Get all RSG ratings <a href="https://stocknews.com/stock/RSG/">here</a>.
Stock #1: Waste Management, Inc. (<a href="https://stocknews.com/stock/WM/">WM</a>)
WM provides environmental solutions to residential, commercial, industrial, and municipal customers internationally. The company provides collection services, a material recovery facility (MRF), or a disposal site, and owns and operates transfer stations. It also develops and operates landfill facilities to produce landfill gas to generate electricity.
On August 26, WM declared a quarterly cash dividend of $0.75 per share, payable September 27, 2024, to stockholders of record as of September 13, 2024.
WM pays an annual dividend of $3, which translates to a yield of 1.47% at the current share price. Its four-year average dividend yield is 1.59%. Moreover, the company's dividend payouts have increased at a CAGR of 9% over the past three years. WM has raised its dividends for 20 consecutive years.
On June 3, WM and Stericycle, Inc. (<a href="https://stocknews.com/stock/SRCL/">SRCL</a>), a Leader in Medical Waste Services, entered into a definitive agreement under which WM will acquire all outstanding shares of Stericycle for $62 per share in cash, representing a total enterprise value of approximately $7.2 billion including $1.4 billion of net debt.
The strategic acquisition expands WM's environmental solutions in the healthcare market while advancing WM's sustainability commitments. It provides a complementary business platform and is expected to be accretive to WM's earnings and cash flow.
WM's operating revenues for the second quarter that ended June 30, 2024, increased 5.5% from the prior year's quarter to $5.40 billion, and its adjusted income from operations grew 13.6% from the year-ago value to $1.08 billion. The company's adjusted net income and EPS came in at $732 million and $1.82, up 18.6% and 20.5% year-over-year, respectively.
Further, the company's adjusted operating EBITDA increased 10.3% from the year-ago value to $1.62 billion.
Analysts expect WM's EPS for the third quarter (ending September 2024) to increase 15.7% year-over-year to $1.89, and its revenue is estimated to grow 6.1% year-over-year to $5.52 billion for the same period. Moreover, WM topped the consensus EPS estimates in three of the trailing four quarters.
WM's stock has surged 2.1% over the past month and 32.4% over the past year to close the last trading session at $208.46.
WM's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
WM has a B grade for Stability and Quality. It is ranked #3 among the 13 stocks in the same industry.
<a href="https://stocknews.com/stock/WM/">Click here</a> to access additional WM ratings for Sentiment, Momentum, Value, and Growth.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
WM shares were trading at $208.25 per share on Tuesday afternoon, down $0.21 (-0.10%). Year-to-date, WM has gained 17.12%, versus a 16.19% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/wm-ecl-rsg-3-environmental-services-stocks-cleaning-up-the-planet/>3 Environmental Services Stocks Cleaning Up the Planet</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Environmental Services Stocks Cleaning Up the Planet

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Republic Services Employees Named Industry's Best in 2024 Driver and Operator of the Year Awards

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Republic Services and City of Louisville Lead the Charge with Nation's First Fully Electric Collection Fleet

Republic Services Hits Emissions Reduction Target Early, Supporting Customers' Climate Goals

Republic Services, Inc. Reports Second Quarter 2024 Results

Republic Services, Inc. Increases Quarterly Dividend to $0.580 Per Share

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Republic Services Certified as a Great Place to Work® for Eighth Consecutive Year

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Republic Servs (RSG) Forecast

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