National Bank Financial Forecasts RSG FY2025 Earnings

Key Points

• National Bank Financial has reduced its FY2025 earnings per share estimate for Republic Services to $6.88, down from $6.92, and maintains a "Hold" rating on the stock.
• The company has recently announced an increase in its quarterly dividend to $0.625 per share, up from $0.58, reflecting a 1.1% dividend yield.
• Republic Services recently reported quarterly earnings of $1.77 per share, slightly beating analyst expectations and marking a 4.6% increase in revenue year-over-year.

Republic Services, Inc. (NYSE:RSG - Free Report) - Stock analysts at National Bank Financial reduced their FY2025 earnings per share estimates for Republic Services in a research report issued on Tuesday, July 29th. National Bank Financial analyst M. Doumet now anticipates that the business services provider will post earnings per share of $6.88 for the year, down from their previous estimate of $6.92. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Republic Services' current full-year earnings is $6.86 per share. National Bank Financial also issued estimates for Republic Services' FY2026 earnings at $7.66 EPS.

A number of other research firms have also recently commented on RSG. Melius Research upgraded shares of Republic Services to a "hold" rating and set a $281.00 target price for the company in a research note on Monday, June 9th. Wall Street Zen lowered Republic Services from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. BMO Capital Markets set a $284.00 target price on Republic Services and gave the company an "outperform" rating in a research report on Wednesday. Citigroup upped their price target on shares of Republic Services from $265.00 to $278.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Melius began coverage on shares of Republic Services in a research note on Monday, June 9th. They issued a "hold" rating on the stock. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Republic Services Trading Down 0.4%

NYSE:RSG opened at $230.75 on Friday. The firm has a 50 day moving average of $246.25 and a 200 day moving average of $238.22. The stock has a market capitalization of $72.11 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 3.54 and a beta of 0.61. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. Republic Services has a 52 week low of $192.64 and a 52 week high of $258.75.

Republic Services (NYSE:RSG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The firm's quarterly revenue was up 4.6% on a year-over-year basis.

Republic Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.625 per share. This is an increase from Republic Services's previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.1%. Republic Services's dividend payout ratio (DPR) is 34.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. Resonant Capital Advisors LLC raised its stake in Republic Services by 33.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 1,120 shares of the business services provider's stock valued at $276,000 after purchasing an additional 281 shares during the last quarter. Heirloom Wealth Management boosted its stake in Republic Services by 0.5% in the 2nd quarter. Heirloom Wealth Management now owns 84,366 shares of the business services provider's stock valued at $20,805,000 after buying an additional 413 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Republic Services by 2.6% in the 2nd quarter. Brighton Jones LLC now owns 19,980 shares of the business services provider's stock worth $4,927,000 after purchasing an additional 497 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Republic Services during the second quarter worth approximately $395,000. Finally, AlphaQuest LLC raised its position in Republic Services by 1,711.0% in the 2nd quarter. AlphaQuest LLC now owns 9,580 shares of the business services provider's stock valued at $2,363,000 after purchasing an additional 9,051 shares during the last quarter. Hedge funds and other institutional investors own 57.73% of the company's stock.

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.

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