What is William Blair’s Forecast for RSG Q4 Earnings?

Republic Services, Inc. (NYSE:RSG) – Analysts at William Blair issued their Q4 2024 EPS estimates for Republic Services in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst T. Romeo anticipates that the business services provider will post earnings per share of $1.47 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) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.20. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 earnings per share.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird raised their target price on shares of Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. CIBC upped their price objective on shares of Republic Services from $208.00 to $217.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial boosted their price target on Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen lifted their price objective on Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, August 5th. Finally, Raymond James decreased their target price on Republic Services from $219.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Price Performance

RSG opened at $198.58 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $203.43 and its 200 day simple moving average is $196.81. The firm has a market cap of $62.19 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.04 and a beta of 0.70. Republic Services has a 1 year low of $148.36 and a 1 year high of $208.69.

Institutional Investors Weigh In On Republic Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Republic Services by 8.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 239,031 shares of the business services provider’s stock valued at $45,760,000 after acquiring an additional 19,414 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Republic Services by 32.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,296 shares of the business services provider’s stock worth $18,052,000 after acquiring an additional 23,306 shares in the last quarter. PGGM Investments increased its stake in Republic Services by 264.3% during the second quarter. PGGM Investments now owns 8,842 shares of the business services provider’s stock worth $1,718,000 after acquiring an additional 6,415 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Republic Services by 11.7% in the 1st quarter. Forsta AP Fonden now owns 45,000 shares of the business services provider’s stock valued at $8,615,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Republic Services by 0.6% in the 1st 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 period. Institutional investors own 57.73% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Republic Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. Republic Services’s dividend payout ratio (DPR) is presently 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.