Research Analysts Set Expectations for RSG Q4 Earnings

Republic Services, Inc. (NYSE:RSG) – Investment analysts at William Blair issued their Q4 2024 EPS estimates for shares of Republic Services in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst T. Romeo forecasts that the business services provider will earn $1.47 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Republic Services’ current full-year earnings is $6.23 per share. William Blair also issued estimates for Republic Services’ Q1 2025 earnings at $1.58 EPS, Q2 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.83 EPS and Q4 2025 earnings at $1.62 EPS.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.19. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the company earned $1.54 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year.

A number of other research firms have also issued reports on RSG. Royal Bank of Canada lifted their price objective on shares of Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday. CIBC raised their price target on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus raised their price target on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird lifted their price objective on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, StockNews.com lowered shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Up 0.3 %

NYSE RSG opened at $198.58 on Friday. The firm has a market capitalization of $62.37 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.17 and a beta of 0.69. The company’s 50 day moving average price is $203.43 and its 200 day moving average price is $196.74. Republic Services has a one year low of $148.36 and a one year high of $208.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.64.

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

Insider Buying and Selling

In other Republic Services news, Director Tomago Collins sold 3,200 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total value of $649,632.00. Following the completion of the sale, the director now directly owns 17,486 shares of the company’s stock, valued at approximately $3,549,832.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. State of Alaska Department of Revenue lifted its stake in Republic Services by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 22,190 shares of the business services provider’s stock valued at $4,248,000 after buying an additional 100 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Republic Services by 8.9% in the first quarter. First Trust Direct Indexing L.P. now owns 8,202 shares of the business services provider’s stock worth $1,570,000 after buying an additional 668 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Republic Services by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 16,210 shares of the business services provider’s stock worth $3,043,000 after purchasing an additional 439 shares during the period. Norden Group LLC boosted its position in Republic Services by 13.3% during the first quarter. Norden Group LLC now owns 3,829 shares of the business services provider’s stock worth $733,000 after purchasing an additional 449 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in Republic Services by 12.1% during the first quarter. J.W. Cole Advisors Inc. now owns 2,056 shares of the business services provider’s stock worth $394,000 after purchasing an additional 222 shares during the period. 57.73% of the stock is owned by institutional investors and hedge funds.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.