Republic Services (NYSE:RSG) Updates FY 2026 Earnings Guidance

Republic Services (NYSE:RSG) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 7.230-7.280 for the period, compared to the consensus earnings per share estimate of 7.290. The company issued revenue guidance of $17.2 billion-$17.3 billion, compared to the consensus revenue estimate of $17.2 billion.

Republic Services Stock Performance

RSG stock opened at $209.35 on Friday. The company has a 50-day simple moving average of $212.75 and a 200 day simple moving average of $214.95. The company has a market capitalization of $64.41 billion, a P/E ratio of 30.04, a PEG ratio of 3.46 and a beta of 0.40. Republic Services has a fifty-two week low of $196.41 and a fifty-two week high of $238.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.11.

Republic Services (NYSE:RSG) last posted its quarterly earnings data on Friday, August 7th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Republic Services had a net margin of 13.00% and a return on equity of 18.57%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.77 earnings per share. Sell-side analysts predict that Republic Services will post 7.29 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.3%. This is a boost from Republic Services’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, October 2nd. Republic Services’s dividend payout ratio (DPR) is presently 35.87%.

Analyst Ratings Changes

A number of brokerages recently weighed in on RSG. Robert W. Baird reduced their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Citigroup boosted their target price on Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $249.00 price objective on shares of Republic Services in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Republic Services in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Eleven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.89.

Insider Buying and Selling at Republic Services

In related news, Director Sandra M. Volpe sold 1,800 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $211.28, for a total transaction of $380,304.00. Following the transaction, the director directly owned 58 shares in the company, valued at $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the transaction, the insider owned 110,803,982 shares of the company’s stock, valued at $23,635,597,400.42. This trade represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 987,150 shares of company stock worth $202,366,682 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Key Stories Impacting Republic Services

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

• Positive Sentiment: Quarterly earnings and revenue topped expectations. Republic Services reported adjusted EPS of $1.85, up from $1.77 a year earlier and above the $1.81 consensus estimate. Revenue increased 4.6% year over year to $4.43 billion, exceeding expectations of $4.36 billion. Republic Services Second Quarter 2026 Results
• Positive Sentiment: Management raised its full-year 2026 outlook. The company now expects adjusted EPS of $7.23-$7.28 and revenue of $17.2 billion-$17.3 billion, reflecting improved expectations compared with its prior guidance. Republic Services Raises 2026 Guidance
• Positive Sentiment: Shareholders received a dividend increase. Republic Services raised its quarterly dividend by approximately 7.2% to $0.67 per share, supporting the investment case for income-oriented shareholders and signaling confidence in cash-flow generation. Republic Services Raises Dividend
• Positive Sentiment: Cash flow and capital deployment remained strong. Year-to-date operating cash flow reached $2.38 billion and adjusted free cash flow totaled $1.58 billion. The company also invested approximately $860 million in acquisitions during the first half of 2026, potentially expanding future growth. Republic Services Second Quarter 2026 Results
• Neutral Sentiment: Guidance remains slightly below Wall Street’s EPS forecast. Although raised, the new adjusted EPS range is just below the current consensus estimate of $7.29, which may limit the upside reaction if investors focus on the guidance midpoint rather than the quarterly beat.

Institutional Trading of Republic Services

Several institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its holdings in shares of Republic Services by 38.6% in the fourth quarter. Morgan Stanley now owns 5,348,501 shares of the business services provider’s stock valued at $1,133,509,000 after buying an additional 1,490,719 shares during the last quarter. Wellington Management Group LLP increased its position in Republic Services by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock valued at $1,074,513,000 after acquiring an additional 807,525 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Republic Services by 118.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,011,541 shares of the business services provider’s stock worth $214,376,000 after acquiring an additional 548,926 shares during the last quarter. Man Group plc grew its stake in shares of Republic Services by 380.1% during the third quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock valued at $153,202,000 after purchasing an additional 528,540 shares during the last quarter. Finally, Unisphere Establishment increased its holdings in shares of Republic Services by 834.1% in the fourth quarter. Unisphere Establishment now owns 589,400 shares of the business services provider’s stock valued at $124,912,000 after purchasing an additional 526,300 shares in the last quarter. 57.73% of the stock is currently owned by institutional investors and hedge funds.

About Republic Services

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.