Analysts Set Expectations for RSG Q4 Earnings

Republic Services, Inc. (NYSE:RSG - Free Report) - William Blair issued their Q4 2024 earnings estimates for shares of Republic Services in a report issued on Wednesday, October 30th. William Blair analyst T. Romeo anticipates that the business services provider will earn $1.47 per share for the quarter. William Blair 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.19. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company earned $1.54 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year.

Several other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Republic Services from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 1st. CIBC raised their price target on Republic Services from $208.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday. Oppenheimer upped their price objective on Republic Services from $219.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday. Morgan Stanley raised their target price on Republic Services from $208.00 to $217.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Scotiabank began coverage on Republic Services in a research note on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price target for the company. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $215.71.

Republic Services Trading Up 0.3 %

NYSE:RSG traded up $0.58 on Friday, hitting $198.58. 1,010,492 shares of the stock were exchanged, compared to its average volume of 1,129,105. The stock has a market capitalization of $62.37 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 3.17 and a beta of 0.69. 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 has a 52 week low of $148.36 and a 52 week high of $208.69. The company's 50-day moving average price is $203.59 and its 200 day moving average price is $196.66.

Republic Services Announces Dividend

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 dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 1.17%. Republic Services's payout ratio is 37.12%.

Insider Buying and Selling at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the transaction, the director now directly owns 17,486 shares in the company, valued at $3,549,832.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Republic Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSG. Vanguard Group Inc. grew its stake in shares of Republic Services by 0.6% in the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider's stock valued at $3,494,714,000 after acquiring an additional 101,518 shares in the last quarter. Capital World Investors raised its position in shares of Republic Services by 20.5% in the first quarter. Capital World Investors now owns 7,909,008 shares of the business services provider's stock valued at $1,514,100,000 after buying an additional 1,346,588 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Republic Services by 2.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,520,738 shares of the business services provider's stock valued at $506,265,000 after buying an additional 57,040 shares during the period. Legal & General Group Plc increased its stake in Republic Services by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 1,808,580 shares of the business services provider's stock worth $351,480,000 after acquiring an additional 92,013 shares during the period. Finally, TD Asset Management Inc raised its holdings in Republic Services by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 1,757,757 shares of the business services provider's stock valued at $341,602,000 after acquiring an additional 35,650 shares in the last quarter. 57.73% of the stock is owned by 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.