What is Zacks Research’s Estimate for RSG FY2024 Earnings?

Republic Services, Inc. (NYSE:RSG) – Equities researchers at Zacks Research upped their FY2024 earnings per share estimates for shares of Republic Services in a research note issued on Friday, November 15th. Zacks Research analyst R. Department now expects that the business services provider will earn $6.21 per share for the year, up from their prior 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.

Several other brokerages also recently weighed in on RSG. TD Cowen upped 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. Royal Bank of Canada increased their target price on shares of Republic Services from $211.00 to $219.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. William Blair assumed coverage on shares of Republic Services in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Stifel Nicolaus raised their target price on shares of Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of Republic Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Price Performance

RSG stock opened at $209.08 on Monday. The company’s 50-day moving average price is $203.92 and its two-hundred day moving average price is $198.26. The firm has a market cap of $65.47 billion, a P/E ratio of 33.45, 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 has a 12 month low of $157.91 and a 12 month high of $216.18.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.20. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its position in shares of Republic Services by 437.9% during the third quarter. Stifel Financial Corp now owns 1,814,613 shares of the business services provider’s stock valued at $364,449,000 after buying an additional 1,477,255 shares during the last quarter. Capital World Investors boosted its holdings in Republic Services by 20.5% during 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 acquiring an additional 1,346,588 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Republic Services by 23.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,004,199 shares of the business services provider’s stock worth $1,205,883,000 after acquiring an additional 1,131,850 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Republic Services by 83,671.9% in the third quarter. International Assets Investment Management LLC now owns 538,653 shares of the business services provider’s stock valued at $108,183,000 after purchasing an additional 538,010 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Republic Services by 544.7% during the third quarter. National Bank of Canada FI now owns 545,613 shares of the business services provider’s stock valued at $109,580,000 after purchasing an additional 460,989 shares in the last quarter. 57.73% of the stock is owned by institutional investors.

Republic Services Dividend Announcement

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 given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 2nd. Republic Services’s payout ratio is 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.