Republic Servs Stock (NYSE:RSG), 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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We are in the middle of the first-quarter earnings season. This week is the second busiest of this reporting cycle, as nearly 1,300 companies are slated to report their quarterly financial numbers. Earnings results are so far better than expected.

5 Winners of Q1 Set to Beat on Earnings After Closing Bell

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Revealing a significant insider sell on May 8, Amanda Hodges, EVP at Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), as per the latest SEC filing.
What Happened: Hodges opted to sell 6,500 shares of Republic Servs, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001060391/000106039124000215//Archives/edgar/data/1060391/000106039124000215/0001060391-24-000215-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $1,209,130.
As of Wednesday morning, Republic Servs shares are up by 0.14%, currently priced at $188.82.
<h3>Unveiling the Story Behind Republic Servs</h3>
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.
<h3>Financial Insights: Republic Servs</h3>
Revenue Growth: Republic Servs's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 7.85%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 40.88%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Republic Servs's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.44.
</li>
</ul>
Debt Management: Republic Servs's debt-to-equity ratio is below the industry average at 1.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 33.08 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 3.91, Republic Servs's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 16.33 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Transaction Codes To Focus On</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001060391">Check Out The Full List Of Republic Servs's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Massive Insider Trade At Republic Servs

Scotiabank analyst Michael Doumet 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 $211 to $213.

Price Target

Scotiabank Maintains Sector Perform on Republic Servs, Raises Price Target to $213

UBS analyst Jon Windham 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 $195 to $200.

UBS Maintains Neutral on Republic Servs, Raises Price Target to $200

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Republic Services shares are trading lower following mixed Q1 earnings.

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 $202 to $204.

Oppenheimer Maintains Outperform on Republic Servs, Raises Price Target to $204

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.35 by 7.41 percent. This is a 16.94 percent increase over earnings of $1.24 per share from the same period last year. The company reported quarterly sales of $3.86 billion which missed the analyst consensus estimate of $3.89 billion by 0.73 percent. This is a 7.84 percent increase over sales of $3.58 billion the same period last year.

Earnings Beats

Earnings Misses

Republic Servs Q1 Adj $1.45 Beats $1.35 Estimate, Sales $3.86B Miss $3.89B Estimate

We are in the middle of the first-quarter earnings season. This week is the second busiest of this reporting cycle, as nearly 1,300 companies are slated to report their quarterly financial numbers. Earnings results are so far better than expected.
Among the corporate giants lined up to report this week, quite a few returned more than the market&#39;s benchmark &mdash; the S&amp;P 500 Index &mdash; in the last quarter. Investment in such stocks with a favorable Zacks Rank and a good chance of beating on earnings should drive their stock prices in the near term.
<h3>Q1 Earnings Results So Far</h3>
As of Apr 26, 229 companies on the S&amp;P 500 Index reported their financial numbers. Total earnings for these index members are up 2.8% from the same period last year on 3.3% higher revenues, with 78.2% beating EPS estimates and 59.8% beating revenue estimates.
At present, total earnings of the S&amp;P 500 Index in first-quarter 2024 are expected to be up 3.8% on 3.7% higher revenues. This follows the 6.8% earnings growth on 4% higher revenues in fourth-quarter 2023 and 3.8% earnings growth on 2.2% higher revenues in third-quarter 2023.
<h3>Our Top Picks</h3>
We have narrowed our search to five large-cap stocks (market capital &gt; $10 billion) that are set to beat on earnings today after the closing bell. These stocks provided higher returns than the S&amp;P 500 in the first quarter.
Each of these stocks carries either a Zacks Rank #2 (Buy) or 3 (Hold) and has a positive Earnings ESP.
Our research shows that for stocks with the combination of a Zacks Rank #3 or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings release. You can uncover the best stocks to buy or sell before they&#39;re reported with our Earnings ESP Filter.
The chart below shows the price performance of our five picks in the last quarter.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9a/65885.jpg?v=1046545312" /> 
Image Source: Zacks Investment Research
Advanced Micro Devices Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) is benefiting from portfolio strength and an expanding partner base. In cloud, server CPU revenues increased year over year and sequentially as North American hyperscalers expanded fourth Gen EPYC Processor deployments to power their internal workloads and public instances.
Exiting 2023, AMD had more than 800 EPYC CPU-based public cloud instances available. AMD is benefiting from the strong adoption of EPYC CPUs for inferencing workloads for smaller models like Llama 7B, as well as the power head nodes in large training and inference clusters. AMD expects gross margin to expand in 2024.
Zacks Rank #2 Advanced Micro Devices has an Earnings ESP of +28.33%. It has an expected earnings growth rate of 29.8% for the current year. AMD recorded earnings surprises in the last four reported quarters, with an average beat of 3%.
LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) continues to benefit from efforts to increase client base. LPLA&#39;s advisory revenues (constituting 41.1% of total revenues in 2023) have been increasing over the past several years. Advisory revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 18.2%.
Further, LPLA&#39;s recruiting efforts, strategic acquisitions (Allen &amp; Company and FRGIS, minority stake in Independent Advisor Alliance and planned deal to buy Atria Wealth Solutions) and solid advisor productivity are expected to keep supporting it. The launch of a no-transaction-fee exchange-traded fund (AMEX:ETF) network will also boost the value of LPLA&#39;s advisory platform. We project advisory revenues to witness a CAGR of 13% by 2026.
Zacks Rank #3 LPL Financial Holdings has an Earnings ESP of +0.71%. LPLA recorded earnings surprises in the last four reported quarters, with an average beat of 3.7%.
Republic Services Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rsg#NYSE">RSG</a>) is benefiting from ongoing trends like increasing environmental concerns and rapid industrialization. RSG has been focused on expanding its recycling volume through improved material handling processes and programs.
RSG is also focused on increasing its operational efficiency and reducing fleet operating costs by shifting to compressed natural gas collection vehicles. RSG puts consistent efforts into rewarding its shareholders through dividend payments and share repurchases.
Zacks Rank #3 Republic Services has an Earnings ESP of +0.51%. It has an expected earnings growth rate of 7.1% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days. RSG recorded earnings surprises in the last four reported quarters, with an average beat of 8.8%.
Diamondback Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fang#NASDAQ">FANG</a>) focuses on growth through a combination of acquisitions and active drilling in the lucrative Permian Basin spread over west Texas and New Mexico. While many companies employ a similar strategy, a few have been as successful as FANG.
FANG has consistently posted some of the strongest operational and financial results among independent producers. With an attractive production profile, favorable industry trends and low breakeven economics, the margin of safety on investment is very high. Further, FANG is focused on the generation of free cash flow and wealth creation.
Zacks Rank #3 Diamondback Energy has an Earnings ESP of +1.61%. It has an expected earnings growth rate of 4.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last seven days. FANG recorded earnings surprises in two out of the last four reported quarters, with an average beat of 0.7%.
ONEOK Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oke#NYSE">OKE</a>) is well-poised to gain from increasing volumes in its pipelines and fee-based commitments as production volumes are rising. OKE&#39;s expansion efforts and pipeline additions are expected to strengthen its position in the high-production region and aid future earnings. OKE&#39;s organic initiatives and diverse customer base act as tailwinds. OKE has enough financial flexibility to meet its near-term debt obligations.
Zacks Rank #3 ONEOK has an Earnings ESP of +0.70%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 30 days. OKE recorded earnings surprises in three out of the last four reported quarters, with an average beat of 3.9%.
<a href="https://www.zacks.com/stock/news/2264724/5-winners-of-q1-set-to-beat-on-earnings-after-closing-bell?cid=CS-BENZ-FT-earnings_esp-2264724">To read this article on Zacks.com click here.</a>

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 8.06% on an annualized basis producing an average annual return of 18.63%. Currently, Republic Servs has a market capitalization of $60.72 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,514.59 today based on a price of $192.79 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/2024/1714402820_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 10 Years Ago, You Would Have $5,500 Today

Goldman Sachs analyst Jerry Revich 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 $209 to $230.

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

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 20 years by 4.42% on an annualized basis producing an average annual return of 12.26%. Currently, Republic Servs has a market capitalization of $59.80 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 20 years ago, it would be worth $10,200.81 today based on a price of $190.07 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712779236_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.

Here's How Much $1000 Invested In Republic Servs 20 Years Ago Would Be Worth Today

Scotiabank initiates coverage on Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform rating and announces Price Target of $211.

Initiation

Scotiabank Initiates Coverage On Republic Servs with Sector Perform Rating, Announces Price Target of $211

RBC Capital analyst Walter Spracklin assumes Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform rating and lowers Price Target of $198.

RBC Capital Assumes Republic Servs at Sector Perform, Lowers Price Target of $198

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has fallen 7.75% since its last report. The company recently reported that it has 2.44 million shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711980023_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 3.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Republic Servs's Recent Short Interest

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 3.77% on an annualized basis producing an average annual return of 16.77%. Currently, Republic Servs has a market capitalization of $60.17 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 15 years ago, it would be worth $10,530.25 today based on a price of $191.25 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/2024/1711733412_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.

Here's How Much You Would Have Made Owning Republic Servs Stock In The Last 15 Years

Jefferies analyst Stephanie Moore 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 $213 to $225.

Jefferies Maintains Buy on Republic Servs, Raises Price Target to $225

Morgan Stanley analyst Toni Kaplan downgrades Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) from Overweight to Equal-Weight and maintains the price target from $199 to $199.

Downgrades

Morgan Stanley Downgrades Republic Servs to Equal-Weight, Maintains Price Target to $199

In the preceding three months, 13 analysts have released ratings for Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $196.54, a high estimate of $215.00, and a low estimate of $182.00. Witnessing a positive shift, the current average has risen by 10.51% from the previous average price target of $177.85.
<img src="https://www.benzinga.com/files/images/story/2024/1710507627_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Republic Servs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bryan Burgmeier</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$215.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$209.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Jon Windham</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$195.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Toni Kaplan</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$199.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$209.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Walter Spracklin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$199.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$192.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$195.00</td>
<td>$173.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$182.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$188.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Bryan Burgmeier</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$178.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$182.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$187.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Republic Servs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Republic Servs compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Republic Servs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Republic Servs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/RSG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Republic Servs analyst ratings.</a>
<h2>About Republic Servs</h2>
Republic Services is the second largest integrated provider of traditional solid waste services in the United States, operating roughly 206 active landfills and 233 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.
<h3>Financial Insights: Republic Servs</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Republic Servs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.55% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Republic Servs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 11.47% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Republic Servs's ROE stands out, surpassing industry averages. With an impressive ROE of 4.21%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Republic Servs's ROA excels beyond industry benchmarks, reaching 1.43%. This signifies efficient management of assets and strong financial health.
Debt Management: Republic Servs's debt-to-equity ratio is below the industry average. With a ratio of 1.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Republic Servs's Future

Morgan Stanley analyst Toni Kaplan downgrades Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) from Overweight to Equal-Weight.

Morgan Stanley Downgrades Republic Servs to Equal-Weight

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 7.81% on an annualized basis producing an average annual return of 18.46%. Currently, Republic Servs has a market capitalization of $58.34 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,501.33 today based on a price of $185.44 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/2024/1710358215_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

Republic Servs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) short percent of float has risen 9.92% since its last report. The company recently reported that it has 2.71 million shares sold short, which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Republic Servs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710263715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Republic Servs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Republic Servs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Republic Servs's peer group average for short interest as a percentage of float is 3.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(RSG) - Analyzing Republic Servs's Short Interest

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Republic Servs (NYSE:<a href="https://investorplace.com/stock-quotes/rsg-stock-quote/">RSG</a>) just reported results for the first quarter of 2024.<ul><li>Republic Servs reported earnings per share of $1.45. This was above the analyst estimate for EPS of $1.35.</li><li>The company reported revenue of $3.86 billion.</li><li>This was 0.73% worse than the analyst estimate for revenue of $3.89 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/rsg-stock-earnings-republic-servs-for-q1-of-2024/">RSG Stock Earnings: Republic Servs Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RSG Stock Earnings: Republic Servs Beats EPS, Misses Revenue for Q1 2024

Republic Services, Inc. (RSG) Q1 2024 Earnings Call Transcript

RBC Capital analyst Sabahat Khan reiterated a Hold rating on Republic Services (RSG – Research Report) yesterday and set a price target of $201.00....

Republic Services (RSG) Receives a Hold from RBC Capital

In a report released today, Tobey Sommer from Truist Financial maintained a Hold rating on Republic Services (RSG – Research Report). The company's...

Truist Financial Sticks to Their Hold Rating for Republic Services (RSG)

Scotiabank analyst Michael Doumet maintained a Hold rating on Republic Services (RSG – Research Report) today and set a price target of $213.00. Th...

Scotiabank Sticks to Their Hold Rating for Republic Services (RSG)

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CIBC analyst Kevin Chiang maintained a Hold rating on Republic Services (RSG – Research Report) today and set a price target of $196.00. The compan...

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Republic Services: Environmental Services Opportunities From PFAS

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/dividend-stocks/">Dividend stocks</a> are some of the most stable in the market because they usually have very profitable companies backing them up.&nbsp;You do not have unprofitable companies paying dividends, so it makes sense why so many investors retreat into them when the market wobbles. In my view, this quality makes dividend stocks recession-proof during turbulent times.



We are currently seeing some unease with the market, though the recent recovery has allowed investors to take a breather and assess the situation. It would be wise to exercise caution, as the tide could turn again. Seasoned Wall Street players know that the market&rsquo;s mood can shift on a dime.



It&rsquo;s a good idea to move away some of your gains from red-hot <a href="https://investorplace.com/industries/technology/">tech stocks</a> into stable dividend picks for now. That&rsquo;s because a downturn could still happen, and the broader market will likely outperform these software and AI winners during the next re-alignment. Consider adding these recession-proof dividend stocks.



<h2>Essential Utilities (WTRG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/utilities1600a-300x169.jpg" alt="High power electricity poles in urban area connected to smart grid. Energy supply, distribution of energy, transmitting energy, energy transmission, high voltage supply concept photo. Utilities stocks"><div>Source: Shutterstock</div></div>Essential Utilities (NYSE:<a href="https://investorplace.com/stock-quotes/wtrg-stock-quote/">WTRG</a>) provides many states with drinking water and wastewater treatment infrastructure and services. Of course, the first thing you&rsquo;d notice while glancing over this company&rsquo;s stock is that it has underperformed quite a big recently. Essential Utilities&rsquo; stock has been down around 27% since the start of 2022 due to lagging financials.



Moreover, its recent results have not been so stellar either. The company <a href="https://simplywall.st/stocks/us/utilities/nyse-wtrg/essential-utilities/news/essential-utilities-first-quarter-2024-earnings-eps-beats-ex">posted revenues of $612.07 million</a> for the quarter ended March 2024, which was an 18.4% miss. However, it outperformed the EPS front by 27%. The cash flow has remained strong, and I expect the stock to bounce back in the coming months.



Revenue came in lower due to meager natural gas prices. However, this is not a long-term issue, as natural gas prices are unlikely to stay low forever. In my opinion, the recent weakness in the stock looks like a good buying opportunity. But even then, the company has excellent cash flow and has a 3.2% dividend yield, with a 3-year dividend growth rate of 7%. Plus, the stock is very cheap compared to its historical valuations, so it is unlikely to tumble more even if a downturn does happen.



<h2>Republic Services (RSG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/rsg1600-300x169.jpg" alt="An image of a blue Republic Services trash truck driving on the highway on a cloudy day."><div>Source: Michael T Hartman / Shutterstock.com</div></div>Republic Services (NYSE:<a href="https://investorplace.com/stock-quotes/rsg-stock-quote/">RSG</a>) is also very recession-proof. It is a waste disposal company and one of the stickiest businesses. Recession or not, people need their waste taken care of, and you can see how stable the company is when you look at its stock chart. This may be a boring business, but the growth and performance aren&rsquo;t boring.



The stock has delivered 121% gains over the past five years and is up 12.5% year-to-date. Moreover, we will likely see low-double-digit annual EPS growth on average in the coming years, along with mid-single-digit sales growth. Thus, Republic Services will continue delivering capital gains and dividends in the coming years. The dividend yield of 1.13% may not be as juicy, but you are getting a lot of safety and stability here, along with the stock outperforming Waste Management (NYSE:<a href="https://investorplace.com/stock-quotes/wm-stock-quote/">WM</a>) by 26% in the past five years.



<h2>Canadian National Railway (CNI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/canada-nickel-company-cnikf-1600-300x169.png" alt="The logo for Canada Nickel Company (CNIKF) and info about the company is displayed on a screen."><div>Source: T. Schneider / Shutterstock.com</div></div>Canadian National Railway (NYSE:<a href="https://investorplace.com/stock-quotes/cni-stock-quote/">CNI</a>) is pretty similar to Union Pacific (NYSE:<a href="https://investorplace.com/stock-quotes/unp-stock-quote/">UNP</a>), which I think is similar in safety. Still, the Canadian National Railway wins by a hair here since it has less competition. The stock has been very stable and consistent over the years, and we are also looking at mid-single-digit top-line growth in the years ahead, along with low-double-digit EPS growth.



The company faced challenges in the first quarter, including weak demand in certain sectors and margin pressures from inflation. However, there are no long-term issues here to worry about. Its net margin of nearly <a href="https://www.gurufocus.com/term/net-margin/CNI">33% beats 93% of peers</a> in the transportation industry. Plus, the dividend yield of 2%, along with a CAD 4 billion buyback plan, makes it worthwhile to hold it through the storm.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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In a report released today, Michael E. Hoffman from Stifel Nicolaus maintained a Buy rating on Republic Services (RSG – Research Report), with a pr...

Stifel Nicolaus Sticks to Its Buy Rating for Republic Services (RSG)

WTRG

Commodities

Press Releases

Republic Services, Inc. Reports Fourth Quarter and Full-Year 2023 Results; Provides 2024 Full-Year Financial Guidance

Republic Services Named to Barron's 100 Most Sustainable Companies List for 2024

Republic Services Named as One of the World's Most Ethical Companies for the Sixth Time

Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024

Waste Industry Leader and Former Republic Services COO Tim Stuart Joins AMP's Board of Directors

Republic Services Charitable Foundation Announces 2024 National Neighborhood Promise® Grants

Republic Services, Inc. Sets Date for First Quarter 2024 Earnings Release and Conference Call

Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024

Republic Services, Inc. Reports First Quarter 2024 Results

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

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