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 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 $214.47 on Friday. Republic Services has a 1-year low of $196.41 and a 1-year high of $238.62. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average price of $213.04 and a 200-day moving average price of $214.95. The firm has a market cap of $65.98 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 3.51 and a beta of 0.40.

Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.04. Republic Services had a return on equity of 18.73% and a net margin of 12.94%.The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2026 guidance at 7.230-7.280 EPS. As a group, equities research analysts expect that Republic Services will post 7.29 earnings per share for the current year.

Republic Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.67 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Republic Services’s previous quarterly dividend of $0.62. Republic Services’s dividend payout ratio (DPR) is 35.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of Republic Services from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Robert W. Baird decreased their target price on shares of Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a research report on Thursday, April 16th. UBS Group lowered their target price on shares of Republic Services from $240.00 to $223.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Citigroup raised their price target on shares of Republic Services from $247.00 to $259.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Barclays boosted their price objective on Republic Services from $233.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.63.

Insider Activity

In related news, Director Sandra M. Volpe sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $211.28, for a total value of $380,304.00. Following the transaction, the director owned 58 shares in the company, valued at approximately $12,254.24. This represents a 96.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of Republic Services stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $213.31 per share, with a total value of $12,947,917.00. Following the completion of the acquisition, 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. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 987,150 shares of company stock worth $202,366,682. Insiders own 0.12% of the company’s stock.

Key Headlines Impacting Republic Services

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

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Adjusted EPS was $1.85, above the $1.81 consensus and up from $1.77 a year earlier. Revenue rose 4.6% year over year to $4.43 billion, surpassing estimates of $4.36 billion. Republic Services Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Republic raised its 2026 outlook. The company increased full-year revenue guidance to approximately $17.2 billion-$17.3 billion and projected adjusted EPS of $7.23-$7.28. It also raised EBITDA and cash-flow expectations, indicating continued operating momentum. Republic Services Raises Full-Year Guidance
• Positive Sentiment: The quarterly dividend increased approximately 7.2% to $0.67 per share. The payout boost reinforces the company’s shareholder-return appeal and confidence in its recurring cash flows. Republic Services Raises Dividend
• Positive Sentiment: Republic generated $2.38 billion in year-to-date operating cash flow, $1.58 billion in adjusted free cash flow and invested about $860 million in acquisitions during the first half of 2026. Republic Services Second-Quarter 2026 Results
• Neutral Sentiment: Barclays raised its price target from $233 to $240 but maintained an “equal weight” rating, signaling additional valuation upside while remaining cautious on the stock relative to peers. Barclays Price Target Update
• Negative Sentiment: Pricing gains came alongside volume pressure, and the new EPS range is slightly below the $7.29 analyst consensus, which could limit further upside if growth in underlying volumes remains weak.

Institutional Investors Weigh In On Republic Services

Several large investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its position 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 purchasing an additional 1,490,719 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Republic Services by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 5,070,130 shares of the business services provider’s stock worth $1,074,513,000 after purchasing an additional 807,525 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Republic Services by 118.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,011,541 shares of the business services provider’s stock worth $214,376,000 after purchasing an additional 548,926 shares during the period. Man Group plc boosted its stake in Republic Services by 380.1% in the 3rd quarter. Man Group plc now owns 667,603 shares of the business services provider’s stock worth $153,202,000 after purchasing an additional 528,540 shares during the period. Finally, Unisphere Establishment grew its holdings in Republic Services by 834.1% during the 4th quarter. Unisphere Establishment now owns 589,400 shares of the business services provider’s stock valued at $124,912,000 after buying an additional 526,300 shares in the last quarter. Hedge funds and other institutional investors own 57.73% of the company’s stock.

Republic Services Company Profile

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.