FY2024 EPS Forecast for Republic Services Boosted by Analyst

Republic Services, Inc. (NYSE:RSG) – Stock analysts at Zacks Research raised their FY2024 EPS 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 expects that the business services provider will post earnings per share of $6.21 for the year, up from their previous 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.

Other equities research analysts also recently issued reports about the stock. William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They issued an “outperform” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Raymond James cut their target price on shares of Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Scotiabank initiated coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price target on the stock. Finally, Royal Bank of Canada increased their price objective on Republic Services from $211.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Nine equities 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, Republic Services has an average rating of “Moderate Buy” and an average price target of $215.71.

Republic Services Stock Performance

Shares of RSG opened at $209.08 on Monday. Republic Services has a 12-month low of $157.91 and a 12-month high of $216.18. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market cap of $65.47 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.18 and a beta of 0.70. The stock has a 50-day moving average price of $203.92 and a 200-day moving average price of $198.26.

Republic Services (NYSE:RSG) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter last year, the business posted $1.54 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year.

Hedge Funds Weigh In On Republic Services

A number of hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Republic Services by 15.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,663 shares of the business services provider’s stock valued at $1,137,000 after acquiring an additional 746 shares in the last quarter. Lifeworks Advisors LLC raised its holdings in Republic Services by 1,112.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 21,469 shares of the business services provider’s stock worth $4,312,000 after purchasing an additional 19,698 shares in the last quarter. PGGM Investments lifted its position in shares of Republic Services by 264.3% in the 2nd quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 6,415 shares during the period. Natixis boosted its stake in shares of Republic Services by 78.6% during the 1st quarter. Natixis now owns 27,858 shares of the business services provider’s stock valued at $5,333,000 after purchasing an additional 12,260 shares in the last quarter. Finally, YCG LLC increased its position in shares of Republic Services by 2.2% during the third quarter. YCG LLC now owns 208,232 shares of the business services provider’s stock valued at $41,821,000 after buying an additional 4,428 shares during the period. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Announces Dividend

The company also recently announced 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 dividend payout ratio is 37.12%.

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.