Republic Services beats earnings expectations for Q3

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Republic Services Intrinsic Value – Republic Services ($NYSE:RSG), Inc. is an American waste management company headquartered in Phoenix, Arizona. It is the second largest provider of non-hazardous solid waste collection and disposal services in the United States, as measured by revenue.

Republic Services beats earnings expectations for Q3. Republic Services’ Q3 Non-GAAP EPS of $1.34 beats by $0.12.

Earnings

The company’s third quarter results for the fiscal year ending June 30 beat expectations, with total revenue of $12.3 billion and net income of $1.4 billion. Compared to the same period last year, total revenue increased by 8.8% and net income increased by 7.7%. Republic Services‘ total revenue has grown from $10.2 billion to $12.3 billion over the past three years.

Price History

Investors were pleased to see that Republic Services, Inc. beat earnings expectations for the third quarter. The company attributed its strong performance to higher prices for its services and increased demand from customers. Republic Services is one of the largest providers of waste management and recycling services in the United States, so it is encouraging to see that it is performing well despite the challenges that the pandemic has presented.

VI Analysis – Republic Services Intrinsic Value Calculator

The company’s fundamentals reflect its long term potential, and the intrinsic value of its shares is around $121.7, calculated by VI Line. However, the stock is currently traded at $134.6, which is a fair price but still overvalued by 11%.

VI Peers

Founded in 1998, Republic Services, Inc. is an industry leader in U.S. non-hazardous solid waste. They offer integrated, non-hazardous solid waste collection, transfer, disposal, recycling, and energy services across the United States. Headquartered in Phoenix, Arizona, they have approximately 33,000 employees and operate in 42 states. Their main competitors are Waste Management, Inc., Waste Connections, Inc., and Stericycle, Inc.

– Waste Management Inc ($NYSE:WM)

Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America. The company is headquartered in Houston, Texas. It was founded in 1971.

Waste Management Inc has a market cap of 66.75B as of 2022. The company has a Return on Equity of 27.41%. Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America.

– Waste Connections Inc ($NYSE:WCN)

Waste Connections Inc is a waste management company that has a market cap of 33.98B as of 2022. The company has a return on equity of 9.38%. The company provides waste management services to residential, commercial, and industrial customers in the United States and Canada.

– Stericycle Inc ($NASDAQ:SRCL)

Stericycle Inc is a provider of medical waste management services. The company has a market cap of 3.81B as of 2022 and a Return on Equity of 0.01%. Stericycle Inc’s primary business is providing medical waste management services to healthcare facilities and organizations. The company also provides other related services such as biohazardous waste disposal, sharps disposal, and pharmaceutical waste disposal.

Summary

Investing in Republic Services is a smart move for any investor looking to diversify their portfolio. The company has a strong balance sheet and generates a significant amount of cash flow, which gives it the flexibility to make acquisitions and invest in its business. This makes it an attractive investment for income-seeking investors.