Republic Services Inc. (NYSE: RSG) has reported earnings for its first fiscal quarter (ending March 31) of $1.44 versus $1.21 for the same period a year ago — an increase of 19%. However, this result fell short of the consensus estimate of $1.54 by $-0.10. For the latest four quarters through March 31, E.P.S. were $5.71 versus $4.81 for the same period a year ago — an increase of 19%.
Recent Price Action
Republic Services Inc. (NYSE: RSG) stock declined slightly by -0.9% on 4/30/24. The stock closed at $191.70. Moreover, this decline was accompanied by unusually high trading volume at 162% of normal. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RSG is expected to continue to be a major Value Builder.
Republic Services has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Republic Services has a slightly negative Appreciation Score of 32 but a very high Power Rating of 90, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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