Republic Services (NYSE:RSG) Hits New 12-Month High Following Earnings Beat

Republic Services, Inc. (NYSE:RSG)’s share price reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $249.37 and last traded at $242.8390, with a volume of 144,861 shares. The stock had previously closed at $236.28.

The business services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.01. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.42 billion. Republic Services had a return on equity of 18.69% and a net margin of 12.94%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 earnings per share.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Monday, January 4th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $2.68 dividend on an annualized basis and a yield of 1.1%. Republic Services’s payout ratio is 37.96%.

Republic Services News Roundup

Here are the key news stories impacting Republic Services this week:

• Positive Sentiment: Q3 results exceeded expectations: Republic Services reported adjusted EPS of $1.94, ahead of the $1.92–$1.93 consensus range, while revenue increased 8.2% year over year to approximately $4.56 billion, above the $4.42 billion estimate. Net income rose to $592 million from $550 million a year earlier. Republic Services Reports Third Quarter 2026 Results
• Positive Sentiment: Guidance was raised above analyst expectations: Management now expects 2026 revenue of approximately $17.425 billion to $17.475 billion, compared with a FactSet estimate near $17.33 billion. The company cited continued momentum in its environmental solutions business. Republic Services Outlines 2026 Revenue Outlook
• Positive Sentiment: Capital returns received a significant boost: The board authorized up to $5 billion in share repurchases, which could support earnings per share and shareholder demand. Republic also declared a quarterly dividend of $0.67 per share, or $2.68 annually. Republic Services Announces Equity Buyback
• Neutral Sentiment: Cash generation and acquisitions remain important themes: Year-to-date operating cash flow reached $3.52 billion, adjusted free cash flow was $2.28 billion, and the company invested about $1.1 billion in acquisitions, supporting its growth strategy but increasing the importance of disciplined integration. Republic Services Q3 2026 Earnings Call Transcript
• Negative Sentiment: Valuation could temper the reaction: With shares trading at a high earnings multiple and near their annual high, investors may expect sustained growth, leaving less room for disappointment. Separately, Salinas workers voted to join the Teamsters, introducing potential uncertainty around future labor costs and operating terms. Republic Services Earnings and Valuation

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird raised their price objective on Republic Services from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Morgan Stanley cut their price target on Republic Services from $232.00 to $219.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Sanford C. Bernstein increased their price objective on Republic Services from $220.00 to $227.00 and gave the company a “market perform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce cut their target price on shares of Republic Services from $249.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. Finally, Oppenheimer reissued an “outperform” rating on shares of Republic Services in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.73.

Insider Transactions at Republic Services

In other news, major shareholder Cascade Investment, L.L.C. bought 409,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were bought at an average cost of $221.49 per share, for a total transaction of $90,700,155.00. Following the completion of the transaction, the insider owned 116,166,330 shares in the company, valued at $25,729,680,431.70. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 6,254,462 shares of company stock worth $1,380,321,958 over the last ninety days. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Republic Services

A number of institutional investors and hedge funds have recently bought and sold shares of RSG. Integrity Alliance LLC. increased its position in Republic Services by 7.4% during the 3rd quarter. Integrity Alliance LLC. now owns 1,050 shares of the business services provider’s stock worth $220,000 after purchasing an additional 72 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in Republic Services by 143.3% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,226 shares of the business services provider’s stock valued at $677,000 after acquiring an additional 1,900 shares during the period. Columbia Bank grew its stake in Republic Services by 9.2% during the third quarter. Columbia Bank now owns 2,995 shares of the business services provider’s stock worth $629,000 after buying an additional 252 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Republic Services in the third quarter valued at about $10,365,000. Finally, Cidel Asset Management Inc. purchased a new stake in shares of Republic Services during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Price Performance

The stock has a market cap of $74.61 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 3.75 and a beta of 0.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.64 and a current ratio of 0.64. The business’s fifty day simple moving average is $221.99 and its 200 day simple moving average is $216.64.

Republic Services Company Profile

Republic Services, Inc is an environmental services company that provides waste collection, recycling and disposal solutions for residential, commercial, industrial and municipal customers. Its services include curbside collection, dumpster and roll-off container services, transfer station operations, landfill management and recycling processing.

The company also provides specialized environmental services, including hazardous waste management, emergency response, remediation and other sustainability-related solutions for businesses and government organizations.