For its fourth fiscal quarter (ending December 31), Republic Services Inc. (NYSE: RSG) has reported a 27% increase in E.P.S. from $1.10 a year ago to $1.40 in the current quarter. This performance was $0.11 better than the consensus estimate of $1.29. E.P.S. were $5.47 for the latest four quarters through December 31 versus $4.70 for the same period a year ago — an increase of 16%.
Recent Price Action
On 2/27/24, Republic Services Inc. (NYSE: RSG) stock declined slightly by -0.2%, closing at $184.52. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RSG is expected to continue to be an important Value Builder.
Republic Services has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Republic Services has a poor Appreciation Score of 27 but a good Power Rating of 79, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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