Companies like Republic Services that collect garbage and operate recycling centers are indispensable to modern life. It's no surprise that shares of waste management giant Republic Services, with about $16 billion annual revenue, are steadily rising. Republic Services stock rose fractionally Tuesday.
It continues its unspectacular but strong, steady revenue and earnings growth. Republic Services stock dipped to a 65.37 low in late March 2020 amid the Covid market crash. It rose about 142% to 158 in November 2023. Republic Services traded at about 210 Tuesday afternoon, up slightly for the day and about 32% higher in the last year.
Republic Services Stock Near Key Benchmark
On Tuesday, the IBD Relative Strength (RS) Rating for Phoenix-based Republic Services stock jumped into a new percentile as it got a lift from 70 to 73. The upgrade puts it near a key benchmark rating. Stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Republic Services can continue to climb and clear that threshold.
Among its other key ratings Republic Services has a terrific 93 EPS Rating out of 99. It also carries a respectable 84 Composite Rating and a B Accumulation/Distribution Rating on an A+ to E scale. The B rating shows that ETFs, insurance funds and the like are fairly heavy buyers of Republic stock.
Republic Services is active in recycling and clean energy as well as garbage collection. It says on its website it averages 5 million daily garbage pickups for its 13 million customers, and operates 75 recycling centers. Additionally it's involved in 76 renewable energy projects
Double-Digit Profit Growth 5 Quarters In Row
On Oct. 29 Republic reported an 18% hike in third quarter earnings, to $1.81 per share, on 7% higher revenue to $4.08 billion. It was its fifth quarter in a row of double-digit earnings growth. Republic Services stock broke out from a flat base with a 208.69 buy point on Nov. 11. It rose to 216.18 on Nov. 13 and consolidated.
Consensus of analysts polled FactSet is that earnings for this quarter will be unchanged from a year ago on a 6% rise in revenue before the company's earnings resume growing in the first quarter of 2025.
When To Sell Stocks To Lock In Profits And Minimize Losses
Republic Services earns the No. 6 rank among its peers in the 34-stock Pollution-Control industry group. Aris Water Solutions, Perma-Pipe International and Clean Harbors are among the top 5 highly rated stocks in the group.
IBD's proprietary Relative Strength Rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Please follow James DeTar on Twitter @JimDeTar
RELATED:
Stocks With Rising Relative Strength Ratings
Get Full Access To IBD Stock Lists And Ratings
Why Should You Use IBD's Relative Strength Rating?
See Stocks On The List Of Market Leaders With IBD Leaderboard
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
