Q4 Earnings Forecast for RSG Issued By William Blair

Republic Services, Inc. (NYSE:RSG) – Equities researchers at William Blair issued their Q4 2024 EPS estimates for shares of Republic Services in a research note issued to investors on Wednesday, October 30th. William Blair analyst T. Romeo forecasts that the business services provider will post earnings of $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 issued its 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 $1.62 by $0.19. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.54 EPS.

Other equities analysts have also recently issued reports about the company. Oppenheimer raised their price objective on Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Robert W. Baird upped their target price on Republic Services from $208.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. BMO Capital Markets lifted their price target on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Truist Financial upped their price objective on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Republic Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Price Performance

RSG stock opened at $198.00 on Friday. Republic Services has a 52-week low of $146.82 and a 52-week 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. The business has a 50-day simple moving average of $203.59 and a two-hundred day simple moving average of $196.66. The company has a market capitalization of $62.19 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 3.17 and a beta of 0.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Republic Services by 0.6% during the first quarter. Vanguard Group Inc. now owns 18,254,878 shares of the business services provider’s stock worth $3,494,714,000 after purchasing an additional 101,518 shares during the last quarter. Capital World Investors lifted its position in Republic Services by 20.5% in the 1st quarter. Capital World Investors now owns 7,909,008 shares of the business services provider’s stock worth $1,514,100,000 after buying an additional 1,346,588 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Republic Services by 2.3% during 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 acquiring an additional 57,040 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Republic Services by 5.4% in 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 last quarter. Finally, TD Asset Management Inc boosted its stake in shares of 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 purchasing an additional 35,650 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Tomago Collins sold 3,200 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 17,486 shares in the company, valued at approximately $3,549,832.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

Republic Services Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is currently 37.12%.

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.