FY2024 EPS Forecast for Republic Services Lifted by Analyst

Republic Services, Inc. (NYSE:RSG - Free Report) - Zacks Research lifted their FY2024 earnings per share estimates for shares of Republic Services in a research report issued to clients and investors on Friday, November 15th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $6.21 per share for the year, up from their prior estimate 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.

Several other research firms have also recently weighed in on RSG. Stifel Nicolaus boosted their price objective on Republic Services from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. Scotiabank started coverage on Republic Services in a research report on Friday, October 4th. They set a "sector perform" rating and a $224.00 price objective for the company. StockNews.com cut Republic Services from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Finally, TD Cowen upped their price target on Republic Services from $195.00 to $200.00 and gave the company a "hold" rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $215.71.

Republic Services Stock Up 0.5 %

Shares of NYSE:RSG traded up $1.12 on Monday, reaching $209.16. The company had a trading volume of 229,447 shares, compared to its average volume of 1,119,671. Republic Services has a twelve month low of $157.91 and a twelve month high of $216.18. The stock has a 50-day moving average price of $203.84 and a 200 day moving average price of $198.10. The stock has a market capitalization of $65.50 billion, a P/E ratio of 33.29, a P/E/G ratio of 3.18 and a beta of 0.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07.

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

Republic Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 2nd. Republic Services's payout ratio is 37.12%.

Hedge Funds Weigh In On Republic Services

Several hedge funds have recently modified their holdings of RSG. Toronto Dominion Bank grew its holdings in Republic Services by 2.1% during the third quarter. Toronto Dominion Bank now owns 105,517 shares of the business services provider's stock worth $21,192,000 after purchasing an additional 2,144 shares during the period. Coldstream Capital Management Inc. lifted its position in Republic Services by 16.0% during the third quarter. Coldstream Capital Management Inc. now owns 3,320 shares of the business services provider's stock worth $673,000 after acquiring an additional 457 shares during the last quarter. Geode Capital Management LLC lifted its position in Republic Services by 1.7% during the third quarter. Geode Capital Management LLC now owns 4,507,521 shares of the business services provider's stock worth $903,316,000 after acquiring an additional 73,207 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Republic Services during the third quarter worth approximately $9,367,000. Finally, Barclays PLC lifted its position in Republic Services by 11.0% during the third quarter. Barclays PLC now owns 675,163 shares of the business services provider's stock worth $135,598,000 after acquiring an additional 66,842 shares during the last quarter. Institutional investors own 57.73% of the company's stock.

About Republic Services

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.