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

Republic Services, Inc. (NYSE:RSG) – Equities research analysts at William Blair issued their Q4 2024 earnings per share (EPS) estimates for Republic Services in a research report issued to clients and investors on Wednesday, October 30th. William Blair analyst T. Romeo forecasts that the business services provider will earn $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 released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.54 earnings per share.

A number of other equities analysts also recently commented on RSG. StockNews.com downgraded Republic Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Scotiabank started coverage on shares of Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 price objective for the company. Truist Financial lifted their target price on shares of Republic Services from $220.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday. CIBC raised their price objective on shares of Republic Services from $208.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Stifel Nicolaus upped their target price on Republic Services from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.71.

Republic Services Trading Down 0.4 %

NYSE RSG opened at $198.00 on Friday. The stock has a market cap 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. Republic Services has a fifty-two week low of $146.82 and a fifty-two week high of $208.69. The stock 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 debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its holdings in Republic Services by 351.6% in the third quarter. Wolff Wiese Magana LLC now owns 140 shares of the business services provider’s stock worth $28,000 after purchasing an additional 109 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Republic Services during the 1st quarter valued at $29,000. Webster Bank N. A. purchased a new position in shares of Republic Services in the 3rd quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Republic Services in the second quarter worth $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in Republic Services during the second quarter valued at $45,000. 57.73% of the stock is owned by institutional investors.

Insider Transactions at Republic Services

In other news, Director Tomago Collins sold 3,200 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $203.01, for a total transaction of $649,632.00. Following the sale, the director now owns 17,486 shares in the company, valued at $3,549,832.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is 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 dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $2.32 annualized dividend and a dividend yield of 1.17%. Republic Services’s payout ratio is presently 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.