Zacks Research Has Optimistic Outlook of RSG FY2024 Earnings

Republic Services, Inc. (NYSE:RSG) – Zacks Research boosted their FY2024 EPS estimates for shares of Republic Services in a note issued to investors on Friday, November 15th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $6.21 per share for the year, up from their prior forecast of $6.18. The consensus estimate for Republic Services’ current full-year earnings is $6.24 per share. Zacks Research also issued estimates for Republic Services’ Q3 2025 earnings at $1.73 EPS, Q4 2025 earnings at $1.69 EPS, FY2025 earnings at $6.66 EPS and Q3 2026 earnings at $1.89 EPS.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. Republic Services’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS.

RSG has been the topic of several other research reports. TD Cowen upped their target price on shares of Republic Services from $195.00 to $200.00 and gave the company a “hold” rating in a research note on Monday, August 5th. CIBC upped their target price on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. William Blair assumed coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an “outperform” rating on the stock. Stifel Nicolaus upped their price target on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Scotiabank assumed coverage on shares of Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Price Performance

RSG opened at $208.04 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $65.15 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.18 and a beta of 0.70. The company’s 50-day simple moving average is $203.84 and its two-hundred day simple moving average is $198.10. Republic Services has a 52-week low of $157.46 and a 52-week high of $216.18.

Republic Services Dividend Announcement

The company also recently announced 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 1.12%. The ex-dividend date is Thursday, January 2nd. Republic Services’s dividend payout ratio is 37.12%.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently added to or reduced their stakes in RSG. Stifel Financial Corp grew its holdings in Republic Services by 437.9% during the 3rd quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares in the last quarter. Capital World Investors boosted its position in shares of Republic Services by 20.5% during the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock valued at $1,514,100,000 after acquiring an additional 1,346,588 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Republic Services by 23.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock valued at $1,205,883,000 after acquiring an additional 1,131,850 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Republic Services by 83,671.9% during the 3rd quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after acquiring an additional 538,010 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Republic Services by 544.7% during the 3rd quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after acquiring an additional 460,989 shares during the last quarter. 57.73% of the stock is owned by hedge funds and other institutional investors.

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.