RSG - Republic Services, Inc.

NYSE - NYSE Delayed Price. Currency in USD
81.23
-0.16 (-0.20%)
At close: 4:00PM EDT
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Inside Bar (Bearish)

Inside Bar (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close81.39
Open82.09
Bid81.14 x 1100
Ask81.32 x 1200
Day's Range80.73 - 82.38
52 Week Range65.37 - 100.91
Volume1,389,303
Avg. Volume1,385,738
Market Cap25.856B
Beta (5Y Monthly)0.63
PE Ratio (TTM)24.03
EPS (TTM)3.38
Earnings DateAug 06, 2020
Forward Dividend & Yield1.62 (1.99%)
Ex-Dividend DateJun 30, 2020
1y Target Est88.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-6% Est. Return
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  • Don’t Throw Away Your Waste Management Stock
    InvestorPlace

    Don’t Throw Away Your Waste Management Stock

    Most investors don't give waste disposal stocks much attention. While it's not a glamorous sector, it's produced above-average returns over the decades. In particular, Waste Management (NYSE:WM) stock has been a huge winner.Source: rblfmr / Shutterstock.com Over the past 20 years, WM is up more than 500%. Investors would have made nearly 1,000% over the same time span if they reinvested their dividends into more Waste Management shares.The company's appeal has grown with the novel coronavirus. Investors are looking for safe haven plays that are largely insulated from economic shocks. And while trash disposal isn't entirely recession-proof, it holds up pretty well. The company's stock has bounced back quickly from the March shock as investors realized that the core business remains strong.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs if current events weren't exciting enough, Waste Management also has a major acquisition in the works. The company is attempting to acquire Advanced Disposal (NYSE:ADSW). Advanced Disposal is a mid-sized operator, as it owns 40 landfill sites currently. Waste Management, by contrast, has nearly 250. Thus, while not a huge deal, it's enough to add materially to the company. * 10 Robotics Stocks on the Technological Cutting EdgeHowever, the Department of Justice hasn't yet given anti-trust approval for the merger either as there'd be a great deal of overlap in markets such as Chicago.So how does the Waste Management story look at this point with the economic shock and also its planned acquisitions in the works? Let's take a closer look. More Than Meets the EyeAt first glance, you might assume Waste Management is a pretty simple business. They send their trucks around periodically to your house, take the trash to the landfill, and that's that. However, the business is significantly more complex - and profitable - than that.Waste Management also collects trash from commercial and industrial tenants, who have far higher waste needs than most households. Additionally, Waste Management owns tons of landfills beyond what it needs for its own collection routes. It, in turn, sells this landfill capacity to locally operated third parties that run their own disposal routes.This makes Waste Management a landlord with scale as it secures landfill sites around the country with cheap capital and then services them out to third parties for a nice margin. There's also a recycling division. A Strong Competitive AdvantageWaste Management has earned above-average profits, and thus delivered stellar shareholder returns, because its business is protected from many competitive pressures. For one thing, it's very difficult to obtain regulatory approval for new landfills in much of the country. Thus, the existing property owners can charge high prices for capacity.In addition, there are just a few major national companies in the space. Waste Management's key rivals are Waste Connections (NYSE:WCN) and Republic Services (NYSE:RSG). However, once you go past those, competition tends to be local and not have much scale. This ensures a good deal of pricing power for the large players.It also creates an ample mergers and acquisitions (M&A) pipeline, as Waste Management can buy out small operations to add additional scale. Coronavirus ImpactThe virus has had a mixed impact on the company's overall business. Volumes in some areas, such as residential, are robust as people spend more time there thanks to quarantine. On the other hand, industrial demand is down, and in some areas, commercial demand in particular is off sharply.This looks to cause a mid-single digits overall decline in Waste Management's business for the year. The recycling business also faces pressure. A weak overall economy causes demand for recycled materials to fall, hurting the company's margins there.However, recycling had been sluggish since 2017 thanks to issues with demand out of China, so the drop here may be less than you'd normally expect as prices were already low prior to the virus. WM Stock VerdictWaste Management's huge and highly integrated business offers some perks but also a few drawbacks. Investors have focused on the negatives thanks to the virus. Yes, demand will be down from commercial disposal and also as recycling prices stay depressed.It's not clear that the virus will have any negative long-term impact on Waste Management, though. While a shift in restaurants from on-location eating to delivery may kill a mall or shopping center owner, it doesn't matter to a trash company: all those pizza boxes still have to be taken care of one way or another.That is to say that landfills are a flexible and adaptive asset. The economy is experiencing rapid transformation right now, but there's little sign it will change humans' basic desire to consume vast quantities of goods and services.On a valuation basis, Waste Management isn't particularly cheap, as it sells with a price-earnings ratio of around 26. On a normalized basis, using 2017 and 2018 earnings as the benchmark, the ratio is closer to 23. Assuming the economy recovers reasonably quickly, earnings should return to at least those levels. Earnings could go higher once the Advanced Disposal acquisition takes place, assuming the government gives regulatory approval.With those factors in mind, Waste Management should get to an EPS of $5 within the next couple of years. That would result in a reasonable earnings multiple of 21. It's hard to argue that WM stock is especially cheap, but it's a fine pick as a defensive play with a decent growth profile.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he held no positions in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Don't Throw Away Your Waste Management Stock appeared first on InvestorPlace.

  • Republic Services, Inc. Sets Date for Second Quarter 2020 Earnings Release and Conference Call
    PR Newswire

    Republic Services, Inc. Sets Date for Second Quarter 2020 Earnings Release and Conference Call

    Republic Services, Inc. (NYSE: RSG) today announced that it will release its second quarter 2020 financial results on Thursday, August 6, 2020, after the market closes, and will host an investor conference call at 5:00 p.m. ET. A live audio webcast of the conference call can be accessed by logging onto the Company's Investor Relations page on republicservices.com, or listeners may access the call by dialing 844-890-1789 or 412-717-9598, passcode "Republic Services."

  • Republic Services Named to 100 Best Corporate Citizens List for 2020
    PR Newswire

    Republic Services Named to 100 Best Corporate Citizens List for 2020

    Republic Services, Inc. (NYSE: RSG) today was named to 3BL Media's annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies. This is Republic's first time on the list and a recognition of the Company's ongoing commitment to sustainability.

  • Hedge Funds Are Betting On Republic Services, Inc. (RSG)
    Insider Monkey

    Hedge Funds Are Betting On Republic Services, Inc. (RSG)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Republic Services Rides on Organic Growth Amid Debt Woes
    Zacks

    Republic Services Rides on Organic Growth Amid Debt Woes

    Internal growth and operational efficiency moves to shift to compressed natural gas collection vehicles are positives for Republic Services (RSG). However, its balance sheet remains debt laden.

  • Why Is Republic Services (RSG) Up 11.1% Since Last Earnings Report?
    Zacks

    Why Is Republic Services (RSG) Up 11.1% Since Last Earnings Report?

    Republic Services (RSG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Republic Services Announces National Nonprofit Partners for $3 Million Small Business Revitalization Effort
    PR Newswire

    Republic Services Announces National Nonprofit Partners for $3 Million Small Business Revitalization Effort

    Republic Services, Inc. today announced that it will partner with three national nonprofit organizations on a $3 million effort to help revitalize locally owned small businesses across America that have been disrupted by the COVID-19 pandemic. The Republic Services Charitable Foundation is providing $1 million grants to longstanding partners Rebuilding Together, Habitat for Humanity International and NeighborWorks America as part of the Company's $20 million Committed to Serve initiative.

  • Thomson Reuters StreetEvents

    Edited Transcript of RSG earnings conference call or presentation 5-May-20 9:00pm GMT

    Q1 2020 Republic Services Inc Earnings Call

  • Republic Services Announces CFO Transition
    PR Newswire

    Republic Services Announces CFO Transition

    Republic Services, Inc. (NYSE: RSG) today announced that after 23 years with the Company, Charles F. "Chuck" Serianni, executive vice president and chief financial officer, has provided the Company one-year notice of his intent to retire, effective June 1, 2021. Mr. Serianni, 58, will be succeeded on June 1, 2020 by current executive vice president and chief transformation officer, Brian DelGhiaccio, 47. Mr. Serianni will stay on as a special advisor to the CEO until his retirement in 2021 and will also work closely with Mr. DelGhiaccio to ensure a seamless transition.

  • Republic Services (RSG) Beats on Q1 Earnings, Suspends View
    Zacks

    Republic Services (RSG) Beats on Q1 Earnings, Suspends View

    Republic Services (RSG) first-quarter 2020 earnings and revenues improve year over year.

  • Not Even Garbage Is Immune From a Pandemic
    Bloomberg

    Not Even Garbage Is Immune From a Pandemic

    (Bloomberg Opinion) -- If you want to know someone’s secrets, look at their trash. That’s true for their whereabouts, too. For most people during the coronavirus pandemic, that’s been at home. And the recent batch of results from the biggest U.S. garbage haulers shows how more people sheltering in place has taken a toll on their businesses.Republic Services Inc. and Waste Management Inc. both noted steep volume declines in late March and April on the commercial side of their business when they reported first-quarter results this week. With many restaurants, gas stations and strip malls seeing virtually no business and office buildings depleted of their garbage-producing employees, customers are seeking to pause their trash service or reduce the frequency of pickups. Waste Management also cited a downturn in industrial volumes.These are the most profitable customers for trash haulers so the loss of business is having an outsize effect on margins. At Republic, overall decremental margins — a measure of earnings power that looks at how much profit is lost for each dollar of sales (a lower number is better) — trended at around 40% in April. That’s steep for a company that’s considered relatively resilient in downturns. The pandemic shaved about 40 basis points off of Waste Management's Ebitda margin in the first quarter.The trash is piling up at household curbsides, however. But if you’re wondering whether all those extra bags of trash and recycling you are producing at home under lockdown are providing much of an offset to the commercial slump, they aren’t. While commercial contracts tend to have some flexibility when it comes to volumes — and the trash haulers are incentivized to make allowances on this once-in-a-lifetime event to protect long-term relationships — the majority of residential trash pickup is based on a fixed contract, says Jefferies analyst Hamzah Mazari. Your city usually negotiates with companies for a certain level of service, say two times a week, and then the cost stays the same even if you lugged 10 bags of trash to the curb last week rather than your usual two. As a result, the pandemic has had a limited effect on sales in the residential part of Republic and Waste Management’s business, although the cost of processing and disposing of all the trash we're now creating at home is increasing. The good news is that some in the corporate world think their rubbish containers may soon be a little less empty. At Republic, some of the customers that cut back on their service are already re-engaging and planning for a restart of their business. Last week, service increases fully offset requests for reductions. “The worst is behind us,” CEO Donald Slager said on a call late Tuesday to discuss Republic’s results, sounding a tone of optimism that has been largely absent from other industrial companies this earnings season. While the company officially pulled its guidance, Slager said the lower end of its prior free-cash-flow outlook of $1.175 billion to $1.225 billion may still be possible depending on how the recovery shakes out. Republic is taking a “wait-and-see" approach to capital allocation, but indicated its plans to spend $600 million to $650 million on M&A this year remain intact, with the remainder of free cash flow going to shareholders. Only those manufacturers with pristine balance sheets have been willing to make similar commitments.It remains to be seen if this optimism is justified. Just hours before Slager’s upbeat tone, Bloomberg News reported Capital One Financial Corp. is preparing office-based employees in the U.S., Canada and U.K. to work from home at least through the Labor Day holiday on Sept. 7. Waste Management was notably more cautious in its earnings press release on Wednesday, warning of a “significant decrease” in 2020 revenue and announcing plans to temporarily suspend share repurchases. But Republic president Jon Vander Ark said few of the company’s customers have closed for good at this point, even as he acknowledged many are still sorting through the chaos, and few are seeking to renegotiate the pricing of their contracts. “They’re eager to get back to business,” Vander Ark said. “Their first point of interest is not the price point of their waste and recycling service. It’s getting their employees back safely and working and getting customers in their door.”Speaking of getting employees back safely and customers in the door, I would be remiss if I didn’t call attention to Republic and Waste Management's efforts to take care of their own workers. Waste Management is guaranteeing 40 hours of weekly pay to all full-time employees during the pandemic. Republic is launching a $20 million initiative that among other things provides front-line employees with weekly onsite meals and dinners for their families purchased at local establishments, as well as $400 worth of gift cards for small businesses. “They perform an essential service and it’s a noble purpose. Unfortunately, society doesn’t do a great job of recognizing them all the time, and this is their moment,” Vander Ark of Republic said. “Customers obviously are looking for some cost relief, but what they really need is revenue, and we’re allowing our people and empowering our people to go support local small businesses that are our customers.” As we think about a recovery, this mentality toward corporations’ role in the community may play a key role. I can think of a lot of companies that would do well to follow the lead of their trash collectors. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Republic Services Inc (RSG) Q1 2020 Earnings Call Transcript
    Motley Fool

    Republic Services Inc (RSG) Q1 2020 Earnings Call Transcript

    RSG earnings call for the period ending March 31, 2020.

  • Were Hedge Funds Right About Republic Services, Inc. (RSG)?
    Insider Monkey

    Were Hedge Funds Right About Republic Services, Inc. (RSG)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Republic Services (RSG) Surpasses Q1 Earnings and Revenue Estimates
    Zacks

    Republic Services (RSG) Surpasses Q1 Earnings and Revenue Estimates

    Republic Services (RSG) delivered earnings and revenue surprises of 2.67% and 0.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Republic Services, Inc. Reports Strong First Quarter 2020 Results
    PR Newswire

    Republic Services, Inc. Reports Strong First Quarter 2020 Results

    Republic Services, Inc. (NYSE: RSG) today reported net income of $246.3 million, or $0.77 per diluted share, for the three months ended March 31, 2020, versus $234.2 million, or $0.72 per diluted share, for the comparable 2019 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended March 31, 2020 was also $246.3 million, or $0.77 per diluted share, versus $237.2 million, or $0.73 per diluted share, for the comparable 2019 period.

  • ACCESSWIRE

    Republic Services, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 5, 2020 / Republic Services, Inc. (NYSE:RSG) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 5, 2020 at 5:00 PM Eastern ...

  • What's in Store for Republic Services (RSG) in Q1 Earnings?
    Zacks

    What's in Store for Republic Services (RSG) in Q1 Earnings?

    Republic Services' (RSG) first-quarter 2020 revenues are likely to have benefited from internal growth and acquisitions.

  • Republic Services, Inc. Moving to a Virtual 2020 Annual Meeting of Shareholders
    PR Newswire

    Republic Services, Inc. Moving to a Virtual 2020 Annual Meeting of Shareholders

    Republic Services, Inc. (NYSE: RSG) announced today that due to the public health and travel concerns related to the coronavirus (COVID-19) outbreak, it will hold an audio virtual meeting instead of an in-person meeting for its 2020 Annual Meeting of Shareholders ("Annual Meeting"). Shareholders will not be able to attend the Annual Meeting in person.

  • Is Republic Services, Inc.’s (NYSE:RSG) Return On Capital Employed Any Good?
    Simply Wall St.

    Is Republic Services, Inc.’s (NYSE:RSG) Return On Capital Employed Any Good?

    Today we are going to look at Republic Services, Inc. (NYSE:RSG) to see whether it might be an attractive investment...

  • Republic Services, Inc. Reschedules First Quarter 2020 Earnings Release and Conference Call to May 5
    PR Newswire

    Republic Services, Inc. Reschedules First Quarter 2020 Earnings Release and Conference Call to May 5

    Republic Services, Inc. (NYSE: RSG) announced today that it has rescheduled the release of its first quarter 2020 financial results and investor conference call previously scheduled for April 30, 2020. The earnings release has been rescheduled to Tuesday, May 5, 2020, after the market closes. The Company will also host an investor conference call at 5:00 p.m. ET.

  • Republic Services Launches $20 Million "Committed to Serve" Initiative to Help Employees, Customers and Communities
    PR Newswire

    Republic Services Launches $20 Million "Committed to Serve" Initiative to Help Employees, Customers and Communities

    Republic Services, Inc. (NYSE: RSG) today announced the launch of its "Committed to Serve" initiative to help its employees, customers and communities across the United States. The Company has committed $20 million to support frontline employees and their families, as well as its small business customers that are the economic engines of local communities.

  • 3 Companies Growing  Earnings Rapidly
    GuruFocus.com

    3 Companies Growing Earnings Rapidly

    Their 5-year EPS growth rates are above that of the S&P; 500 Continue reading...

  • ACCESSWIRE

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Republic Services, Inc.- RSG

    NEW YORK, NY / ACCESSWIRE / March 30, 2020 / Levi & Korsinsky announces it has commenced an investigation of Republic Services, Inc. (NYSE:RSG) concerning possible breaches of fiduciary duty. To obtain ...

  • Here's What We Like About Republic Services, Inc.'s (NYSE:RSG) Upcoming Dividend
    Simply Wall St.

    Here's What We Like About Republic Services, Inc.'s (NYSE:RSG) Upcoming Dividend

    It looks like Republic Services, Inc. (NYSE:RSG) is about to go ex-dividend in the next 4 days. Investors can purchase...

  • Should You Avoid Republic Services, Inc. (RSG)?
    Insider Monkey

    Should You Avoid Republic Services, Inc. (RSG)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]