Republic Services, Inc. Plans Quarterly Dividend of $0.63 (NYSE:RSG)

Republic Services, Inc. (NYSE:RSG) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.625 per share by the business services provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, April 2nd.

Republic Services has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Republic Services has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Republic Services to earn $7.51 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 33.6%.

Republic Services Price Performance

Republic Services stock opened at $221.78 on Tuesday. Republic Services has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a market cap of $68.52 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 3.57 and a beta of 0.54. The firm’s fifty day moving average is $221.28 and its 200 day moving average is $218.08. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG) last posted its earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Sell-side analysts forecast that Republic Services will post 6.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research assumed coverage on Republic Services in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Morgan Stanley dropped their target price on Republic Services from $230.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Citigroup boosted their target price on Republic Services from $244.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Republic Services in a research report on Friday. Finally, Bank of America dropped their price objective on shares of Republic Services from $271.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $246.40.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.