Buy Or Sell Opportunity • May 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €179. The fair value is estimated to be €227, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Declared Dividend • May 20
First quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 2nd July 2026 Payment date: 15th July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 09
Republic Services, Inc. (NYSE:RSG) acquired of Robinson Waste Services, Inc. from ERA Partners LLC. Republic Services, Inc. (NYSE:RSG) has entered into an agreement to acquire Robinson Waste Services, Inc. from ERA Partners LLC on April 30, 2026.
Republic Services, Inc. (NYSE:RSG) completed the acquisition of Robinson Waste Services, Inc. from ERA Partners LLC on May 8, 2026. Aankondiging • Apr 02
Republic Services, Inc. to Report Q1, 2026 Results on May 07, 2026 Republic Services, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026 Aankondiging • Mar 25
Republic Services, Inc., Annual General Meeting, May 07, 2026 Republic Services, Inc., Annual General Meeting, May 07, 2026. Aankondiging • Feb 18
Republic Services, Inc. Provides Earnings Guidance for the Full-Year 2026 Republic Services, Inc. provided earnings guidance for the full-year 2026. For the period, the company expects revenue to be in the range of $17.050 billion to $17.150 billion. Aankondiging • Feb 13
Republic Services, Inc. Appoints Ian Craig to Board of Directors Republic Services, Inc. announced that Ian Craig has been appointed to its board of directors. The company's board now consists of 13 members, including 12 independent directors. Craig, 53, currently serves as chief executive officer of Coca-Cola FEMSA, Latin America's largest bottling company, operating in 10 countries with $16 billion in annual revenue and a market capitalization of $23 billion. Under Craig's leadership, Coca-Cola FEMSA has accelerated its digital transformation and sustainability initiatives, including driving renewable energy use in its plants and implementing impactful plastic bottle collection programs. Prior to becoming CEO in 2023, Craig held numerous leadership positions at Coca-Cola FEMSA including chief operating officer for Brazil and Argentina, and various financial leadership roles. Throughout his career, he has demonstrated expertise in strategic growth, having led more than $7 billion in mergers and acquisitions across Latin America. Craig earned an MBA from the University of Chicago, a master's degree in international commercial law and a bachelor's degree in industrial and systems engineering from Mexico's Instituto Tecnológico y de Estudios Superiores de Monterrey. Aankondiging • Jan 09
Republic Services, Inc. to Report Q4, 2025 Results on Feb 17, 2026 Republic Services, Inc. announced that they will report Q4, 2025 results After-Market on Feb 17, 2026 Aankondiging • Jan 07
Ameresco, Inc. and Republic Services, Inc. Bring 5.2 MWe Upper Rock Landfill Gas-To-Renewable Natural Gas Facility Online Ameresco, Inc. and Republic Services, Inc. announced it achieved operation of a renewable natural gas (RNG) facility located at the Upper Rock Island County Landfill in East Moline, Illinois in December. The Ameresco-owned asset will upgrade landfill gas (LFG) from the Upper Rock Landfill into pipeline-quality RNG that can be used as a low-carbon transportation fuel and for other applications. The 5.2 MWe RNG facility is designed to capture raw landfill gas and process 2,000 standard cubic feet per minute (scfm) into pipeline-quality renewable natural gas, and to produce more than 500,000 Dekatherms each year. By turning landfill gas into a valuable renewable energy resource: The facility is expected to avoid more than 27,000 metric tons of CO2 emissions each year. This reduction is equivalent to the carbon sequestered by 326,000 acres of forest. The project advances decarbonization, improves air quality, and supports local communities. As the 16th operational project developed by Ameresco and Republic Services and following the announcement of another Illinois RNG facility in July 2025, this project underscores both organizations' growing momentum and ongoing dedication to advancing renewable energy in the region and beyond. Not only does the facility support Illinois' ambitious clean energy targets of 40% renewable energy by 2030 and 100% clean energy by 2050, but it also directly contributes to Republic Services' goal to beneficially reuse 50% more biogas by 2030. Aankondiging • Oct 31
Republic Services, Inc. Provides Earnings Guidance for the Year 2025 Republic Services, Inc. provided earnings guidance for the year 2025. The Company expects revenue to be near the low end of its full-year 2025 guidance range. Aankondiging • Oct 24
Republic Services, Inc. Declares Regular Quarterly Dividend, Payable on January 15, 2026 On October 22, 2025, the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.625 per share for shareholders of record on January 2, 2026. The dividend will be paid on January 15, 2026. Aankondiging • Oct 01
Republic Services, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Republic Services, Inc. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Aankondiging • Sep 11
Republic Services, Inc. (NYSE:RSG) acquired Green River Waste Inc. from Shirley Flener, Louis White and Dave Jolley. Republic Services, Inc. (NYSE:RSG) acquired Green River Waste Inc. from Shirley Flener, Louis White and Dave Jolley on September 9, 2025.
Republic Services, Inc. (NYSE:RSG) completed the acquisition of Green River Waste Inc. from Shirley Flener, Louis White and Dave Jolley on September 9, 2025. Aankondiging • Jul 30
Republic Services, Inc. Provides Earnings Guidance for the Full-Year Ending December 31, 2025 Republic Services, Inc. provided earnings guidance for the full-year ending December 31, 2025. For the year, the company expects Revenue: Now expected in the range of $16.675 billion to $16.750 billion. Net income attributable to the company to be in the range of $2.090 billion to $2.100 billion. Diluted earnings per share to be in a range of $6.72 to $6.74. Aankondiging • Jun 24
Republic Services, Inc. to Report Q2, 2025 Results on Jul 29, 2025 Republic Services, Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Aankondiging • Apr 26
Republic Services, Inc. Declares Regular Quarterly Dividend, Payable on July 15, 2025 Republic Services, Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.58 per share for shareholders of record on July 2, 2025. The dividend will be paid on July 15, 2025. Aankondiging • Apr 08
Republic Services, Inc., Annual General Meeting, May 19, 2025 Republic Services, Inc., Annual General Meeting, May 19, 2025. Aankondiging • Apr 01
Republic Services, Inc. to Report Q1, 2025 Results on Apr 24, 2025 Republic Services, Inc. announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 Aankondiging • Feb 15
Republic Services, Inc. Provides Earnings Guidance for Year Ending December 31, 2025 Republic Services, Inc. provided earnings guidance for year ending December 31, 2025. For the year, the company expects revenue to be in the range of $16.850 billion to $16.950 billion. Net income attributable to the company to be in the range of $2.110 billion to $2.140 billion. Diluted earnings per share to be in a range of $6.79 to $6.87. Aankondiging • Feb 07
Republic Services, Inc. Declares Regular Quarterly Dividend, Payable, April 15, 2025 Republic Services, Inc. declared a regular quarterly dividend of $0.580 per share for shareholders of record on April 2, 2025. The dividend will be paid on April 15, 2025. Aankondiging • Jan 14
Republic Services, Inc. to Report Q4, 2024 Results on Feb 13, 2025 Republic Services, Inc. announced that they will report Q4, 2024 results After-Market on Feb 13, 2025 Declared Dividend • Dec 30
Third quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 2nd January 2025 Payment date: 15th January 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: US$1.80 (vs US$1.52 in 3Q 2023) Third quarter 2024 results: EPS: US$1.80 (up from US$1.52 in 3Q 2023). Revenue: US$4.08b (up 6.5% from 3Q 2023). Net income: US$565.7m (up 18% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Aankondiging • Oct 30
Republic Services, Inc. Updates Earnings Guidance for the Full Year 2024 Republic Services, Inc. updates earnings guidance for the full year 2024. The company expects revenue to be near the low end of its full-year 2024 guidance range. Declared Dividend • Oct 28
Dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 2nd January 2025 Payment date: 15th January 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 25
Republic Services, Inc. Declares Regular Quarterly Dividend, Payable on January 15, 2025 On October 24, 2024, the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.580 per share for shareholders of record on January 2, 2025. The dividend will be paid on January 15, 2025. Upcoming Dividend • Sep 25
Upcoming dividend of US$0.58 per share Eligible shareholders must have bought the stock before 02 October 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%). Declared Dividend • Jul 29
Dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 2nd October 2024 Payment date: 15th October 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.62 (vs US$1.35 in 2Q 2023) Second quarter 2024 results: EPS: US$1.62 (up from US$1.35 in 2Q 2023). Revenue: US$4.05b (up 8.6% from 2Q 2023). Net income: US$511.5m (up 20% from 2Q 2023). Profit margin: 13% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 26
Republic Services, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Republic Services, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Recent Insider Transactions • May 09
Executive VP & Chief Marketing Officer recently sold €1.1m worth of stock On the 6th of May, Amanda Hodges sold around 7k shares on-market at roughly €173 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$1.44 (vs US$1.21 in 1Q 2023) First quarter 2024 results: EPS: US$1.44 (up from US$1.21 in 1Q 2023). Revenue: US$3.86b (up 7.8% from 1Q 2023). Net income: US$453.8m (up 18% from 1Q 2023). Profit margin: 12% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 01
Republic Services, Inc. Declares Regular Quarterly Dividend, Payable on July 15, 2024 Republic Services, Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.535 per share for shareholders of record on July 2, 2024. The dividend will be paid on July 15, 2024. Declared Dividend • Apr 29
Dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 2nd July 2024 Payment date: 15th July 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 28
Republic Services, Inc. to Report Q1, 2024 Results on Apr 30, 2024 Republic Services, Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 25
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 01 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.6%). Aankondiging • Feb 29
Republic Services, Inc. Provides Earnings Guidance for the Full-Year 2024 Republic Services, Inc. provided earnings guidance for the full-year 2024. For the period, the company expects revenue to be in the range of $16.100 billion to $16.200 billion and Diluted earnings per share is expected to be in a range of $5.86 to $5.92. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$5.47 (vs US$4.70 in FY 2022) Full year 2023 results: EPS: US$5.47 (up from US$4.70 in FY 2022). Revenue: US$15.0b (up 11% from FY 2022). Net income: US$1.73b (up 16% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 11
Third quarter dividend of US$0.54 announced Shareholders will receive a dividend of US$0.54. Ex-date: 1st April 2024 Payment date: 15th April 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 18
Republic Services, Inc. to Report Q4, 2023 Results on Feb 27, 2024 Republic Services, Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Upcoming Dividend • Dec 22
Upcoming dividend of US$0.54 per share at 1.3% yield Eligible shareholders must have bought the stock before 29 December 2023. Payment date: 16 January 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.3%). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$1.52 (vs US$1.32 in 3Q 2022) Third quarter 2023 results: EPS: US$1.52 (up from US$1.32 in 3Q 2022). Revenue: US$3.83b (up 6.3% from 3Q 2022). Net income: US$480.2m (up 15% from 3Q 2022). Profit margin: 13% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 27
Republic Services, Inc. to Report Q3, 2023 Results on Oct 26, 2023 Republic Services, Inc. announced that they will report Q3, 2023 results After-Market on Oct 26, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of US$0.54 per share at 1.5% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.7%). Aankondiging • Aug 19
Republic Services, Inc. Announces Executive Changes On August 18, 2023, Republic Services, Inc. (“Republic” or the “Company”) announced that the employment of Timothy E. Stuart, Executive Vice President and Chief Operating Officer, terminated on August 17, 2023. The circumstances giving rise to Mr. Stuart’s departure do not involve operations, strategy, or any accounting matters, financial statements, financial disclosures or related disclosure controls and procedures. On August 18, 2023, the Company also announced that Gregg Brummer has been appointed to the position of Executive Vice President and Chief Operating Officer, effective as of August 18, 2023, succeeding Mr. Stuart. Mr. Brummer, 57, has been with Republic since 2014 and most recently served as the Senior Vice President, Operations. Previously, Mr. Brummer served as the Area President for the South and Northwest areas from January 2016 to June 2019. Prior to that, he acted as the Region Vice President for the former East region from February 2015 to January 2016 and Area President in the Gulf Coast from January 2014 through January 2015. Before joining Republic, Mr. Brummer was a Regional Vice President and General Manager at BlueLinx Corporation. In connection with the appointment to his new position, the Talent & Compensation Committee (the “Committee”) of the Board of Directors approved an increase to Mr. Brummer’s base salary to $630,000, with an annual cash bonus opportunity of 85% of his base salary, which amounts will be prorated for 2023 for his time in the new position. In addition, the Committee also approved a grant to Mr. Brummer of $300,000 in restricted stock units, which will vest over a four-year period. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$1.35 (vs US$1.18 in 2Q 2022) Second quarter 2023 results: EPS: US$1.35 (up from US$1.18 in 2Q 2022). Revenue: US$3.73b (up 9.1% from 2Q 2022). Net income: US$427.4m (up 15% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 29
Republic Services, Inc. Appoints Meg Reynolds to Its Board of Directors Republic Services, Inc. announced that global investment executive Meg Reynolds has been appointed to its Board of Directors, bringing its membership to a total of 12. She will serve on the Audit and Sustainability & Corporate Responsibility committees. Reynolds, 58, is co-founder, principal and global emerging markets equity portfolio manager at Westwood Global Investments (WGI), a national financial advisory firm headquartered in Boston. She has more than 30 years of investment experience. Prior to co-founding WGI, Reynolds was portfolio manager of the Latin American Fund at Fidelity Investments. Earlier, she served in roles of increasing responsibility at Putnam Investor Services. Reynolds serves on several non-profit boards, including the Catholic Schools Foundation, Dana Farber Cancer Institute, Kelly Brush Foundation and Women's Foundation of Boston. Reynolds has an M.S. from the Massachusetts Institute of Technology and a B.S. from the University of New Hampshire. Aankondiging • Jun 30
Republic Services, Inc. to Report Q2, 2023 Results on Jul 31, 2023 Republic Services, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2023 Aankondiging • Jun 25
Republic Services, Inc.(NYSE:RSG) dropped from Russell 1000 Growth Index Republic Services, Inc.(NYSE:RSG) dropped from Russell 1000 Growth Index Upcoming Dividend • Jun 23
Upcoming dividend of US$0.49 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Aankondiging • Jun 07
Republic Services, Inc. (NYSE:RSG) acquired solid waste operations in Colorado and New Mexico from GFL Environmental Inc. (TSX:GFL). Republic Services, Inc. (NYSE:RSG) acquired solid waste operations in Colorado and New Mexico from GFL Environmental Inc. (TSX:GFL) on June 1, 2023.
Republic Services, Inc. (NYSE:RSG) completed the acquisition of solid waste operations in Colorado and New Mexico from GFL Environmental Inc. (TSX:GFL) on June 1, 2023. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$1.21 (vs US$1.11 in 1Q 2022) First quarter 2023 results: EPS: US$1.21 (up from US$1.11 in 1Q 2022). Revenue: US$3.58b (up 21% from 1Q 2022). Net income: US$383.9m (up 9.1% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.49 per share at 1.5% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Recent Insider Transactions • Mar 21
Independent Director recently sold €542k worth of stock On the 16th of March, Katharine Weymouth sold around 4k shares on-market at roughly €126 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Recent Insider Transactions • Feb 24
Independent Director recently bought €121k worth of stock On the 21st of February, Jennifer Kirk bought around 1k shares on-market at roughly €121 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.8m more in shares than they bought in the last 12 months. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$4.70 (vs US$4.05 in FY 2021) Full year 2022 results: EPS: US$4.70 (up from US$4.05 in FY 2021). Revenue: US$13.5b (up 20% from FY 2021). Net income: US$1.49b (up 15% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Feb 16
Republic Services, Inc. Provides Earnings Guidance for the Full-Year 2023 Republic Services, Inc. provided earnings guidance for the full-year 2023. For the year, the company expected revenue to be in the range of $14.650 billion to $14.800 billion. Aankondiging • Feb 10
Republic Services Declares Regular Quarterly Dividend Payable on April 14, 2023 On February 8, 2023, the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.495 per share for shareholders of record on April 3, 2023. The dividend will be paid on April 14, 2023. Aankondiging • Jan 06
Republic Services, Inc. to Report Q4, 2022 Results on Feb 15, 2023 Republic Services, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 15, 2023 Upcoming Dividend • Dec 23
Upcoming dividend of US$0.49 per share Eligible shareholders must have bought the stock before 30 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.0%). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$1.32 (vs US$1.10 in 3Q 2021) Third quarter 2022 results: EPS: US$1.32 (up from US$1.10 in 3Q 2021). Revenue: US$3.60b (up 23% from 3Q 2021). Net income: US$416.9m (up 19% from 3Q 2021). Profit margin: 12% (in line with 3Q 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Oct 01
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings is also forecast to grow by 7.5% per annum over the same time period. Upcoming Dividend • Sep 23
Upcoming dividend of US$0.49 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.7%). Recent Insider Transactions • Aug 11
President recently sold €2.0m worth of stock On the 8th of August, Jon Vander Ark sold around 14k shares on-market at roughly €139 per share. This was the largest sale by an insider in the last 3 months. This was Jon's only on-market trade for the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$1.18 (vs US$1.04 in 2Q 2021) Second quarter 2022 results: EPS: US$1.18 (up from US$1.04 in 2Q 2021). Revenue: US$3.41b (up 21% from 2Q 2021). Net income: US$371.9m (up 12% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%). Reported Earnings • May 08
First quarter 2022 earnings released: EPS: US$1.11 (vs US$0.93 in 1Q 2021) First quarter 2022 results: EPS: US$1.11 (up from US$0.93 in 1Q 2021). Revenue: US$2.97b (up 14% from 1Q 2021). Net income: US$352.0m (up 19% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • May 07
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.6%). Buying Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be US$142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% per annum over the last 3 years. Earnings per share has grown by 5.2% per annum over the last 3 years. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.05 (up from US$3.03 in FY 2020). Revenue: US$11.3b (up 11% from FY 2020). Net income: US$1.29b (up 33% from FY 2020). Profit margin: 11% (up from 9.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.4%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 24
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 31 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Nov 13
Independent Director recently sold €233k worth of stock On the 11th of November, Tomago Collins sold around 2k shares on-market at roughly €117 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.5m more than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$1.10 (vs US$0.81 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.93b (up 14% from 3Q 2020). Net income: US$350.3m (up 35% from 3Q 2020). Profit margin: 12% (up from 10% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 23
Upcoming dividend of US$0.46 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 15 October 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.2%). Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$1.04 (vs US$0.71 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.81b (up 15% from 2Q 2020). Net income: US$331.1m (up 47% from 2Q 2020). Profit margin: 12% (up from 9.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 23
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 15 July 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.4%). Executive Departure • Jun 02
Special Advisor to CEO Charles Serianni has left the company On the 1st of June, Charles Serianni, was replaced as CEO by Donald Slager. As of March 2021, Charles personally held 45.54k shares (€3.9m worth at the time). A total of 2 executives have left over the last 12 months. Recent Insider Transactions • May 12
Executive VP & COO recently sold €1.2m worth of stock On the 10th of May, Timothy Stuart sold around 13k shares on-market at roughly €92.35 per share. This was the largest sale by an insider in the last 3 months. Timothy has been a seller over the last 12 months, reducing personal holdings by €2.4m. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.93 (vs US$0.77 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.60b (up 1.7% from 1Q 2020). Net income: US$295.9m (up 20% from 1Q 2020). Profit margin: 11% (up from 9.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 31 March 2021. Payment date: 15 April 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.2%). Executive Departure • Mar 03
Executive VP & Chief Administrative Officer has left the company On the 1st of March, Jeffrey Hughes' tenure as Executive VP & Chief Administrative Officer ended after 12.3 years in the role. As of December 2020, Jeffrey personally held 6.77k shares (€525k worth at the time). A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Feb 24
New 90-day low: €72.65 The company is down 10.0% from its price of €81.12 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.43 per share. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS US$3.03 (vs US$3.34 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$10.2b (down 1.4% from FY 2019). Net income: US$967.2m (down 9.9% from FY 2019). Profit margin: 9.5% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 0.03%. Over the next year, revenue is forecast to grow 5.6%, compared to a 10% growth forecast for the Commercial Services industry in Germany. Is New 90 Day High Low • Jan 29
New 90-day low: €73.78 The company is down 1.0% from its price of €74.71 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €87.65 per share. 
