Republic Services (NYSE:RSG) Issues Earnings Results, Beats Expectations By $0.06 EPS
by Jessica Moore · The Cerbat GemRepublic Services (NYSE:RSG – Get Free Report) issued its earnings results on Thursday. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06, FiscalAI reports. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.10 billion.
Here are the key takeaways from Republic Services’ conference call:
- Republic reported a strong Q1 with 2.6% revenue growth, 4.3% adjusted EBITDA growth, a 50 bps EBITDA margin expansion to 32.1%, $1.70 adjusted EPS and $984M of adjusted free cash flow (up ~35%).
- Management highlighted disciplined pricing (core price on total revenue 5.7%, related revenue 6.8%) and expects digital/AI investments to deliver roughly $100M of annual benefit by 2028, with pricing gains appearing in 2026 and routing/RISE benefits scaling into 2027–2028.
- Volume pressures persisted—organic volume fell (residential down ~5.2%, large container down 2.5%) and recycling commodity prices weakened (~$120/ton vs $155 prior year), while a March diesel spike reduced EBITDA by about $8M (fuel recovery lag expected to help in Q2).
- Sustainability initiatives advanced—polymer center volumes rose with strong r‑plastic demand, Republic brought 9 RNG projects online in 2025 and expects 4 more in 2026 (targeting 82 total), and EV adoption continues (>200 electric collection vehicles now; >300 expected by year‑end).
- Capital allocation remained active—Republic has invested >$700M in acquisitions to date (including $433M in Q1), expects to exceed $1B of M&A this year, and returned $507M to shareholders in Q1 (including $314M of buybacks) while ending the quarter with ~$1.8B liquidity and ~2.6x leverage.
Republic Services Stock Performance
Shares of RSG stock traded up $1.07 during trading on Thursday, hitting $200.76. The company’s stock had a trading volume of 2,782,710 shares, compared to its average volume of 1,499,139. The company has a market cap of $62.03 billion, a PE ratio of 29.31, a P/E/G ratio of 3.38 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $218.04 and a 200-day moving average of $215.77. Republic Services has a 52 week low of $198.24 and a 52 week high of $258.75.
Republic Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were issued a $0.625 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.2%. Republic Services’s dividend payout ratio is currently 36.79%.
Analyst Ratings Changes
RSG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. UBS Group boosted their price objective on Republic Services from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. BMO Capital Markets decreased their price objective on Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company boosted their price objective on Republic Services from $238.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Finally, Barclays set a $227.00 price objective on Republic Services in a report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Republic Services currently has a consensus rating of “Hold” and an average price target of $244.67.
Check Out Our Latest Stock Report on RSG
Hedge Funds Weigh In On Republic Services
Several institutional investors have recently modified their holdings of RSG. Brighton Jones LLC grew its holdings in shares of Republic Services by 75.8% in the fourth quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock valued at $3,988,000 after acquiring an additional 8,547 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Republic Services by 23.2% in the second quarter. Federated Hermes Inc. now owns 17,553 shares of the business services provider’s stock valued at $4,329,000 after acquiring an additional 3,303 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Republic Services by 3.6% in the second quarter. NewEdge Advisors LLC now owns 29,690 shares of the business services provider’s stock valued at $7,322,000 after acquiring an additional 1,044 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Republic Services by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 94,626 shares of the business services provider’s stock valued at $23,336,000 after purchasing an additional 688 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in Republic Services by 68.4% in the second quarter. Ieq Capital LLC now owns 11,643 shares of the business services provider’s stock valued at $2,871,000 after purchasing an additional 4,729 shares during the last quarter. 57.73% of the stock is owned by institutional investors.
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.