Republic Services (NYSE:RSG) Releases Earnings Results, Beats Estimates By $0.06 EPS

Republic Services (NYSE:RSG) announced its earnings results on Thursday. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06, FiscalAI reports. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.10 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 earnings per share.

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 Price Performance

Shares of NYSE RSG traded up $1.07 during mid-day trading on Thursday, reaching $200.76. The company had a trading volume of 2,782,710 shares, compared to its average volume of 1,669,696. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. Republic Services has a 1-year low of $198.24 and a 1-year high of $258.75. The stock has a market cap of $62.03 billion, a PE ratio of 29.31, a P/E/G ratio of 3.31 and a beta of 0.43. The company has a 50-day moving average price of $217.64 and a two-hundred day moving average price of $215.64.

Republic Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, April 2nd. Republic Services’s dividend payout ratio (DPR) is presently 36.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSG. Citigroup boosted their price objective on shares of Republic Services from $244.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings downgraded Republic Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. BMO Capital Markets dropped their price objective on shares of Republic Services from $251.00 to $248.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Robert W. Baird decreased their price target on Republic Services from $242.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, Oppenheimer cut their price target on Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $244.67.

Institutional Investors Weigh In On Republic Services

A number of institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Republic Services by 672.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 115,114 shares of the business services provider’s stock valued at $24,397,000 after acquiring an additional 100,207 shares during the period. Van Diest Capital LLC acquired a new position in Republic Services in the fourth quarter worth about $209,000. Invesco Ltd. boosted its stake in Republic Services by 27.3% in the 4th quarter. Invesco Ltd. now owns 2,308,903 shares of the business services provider’s stock valued at $489,326,000 after buying an additional 495,419 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Republic Services by 267.5% in the 4th quarter. Ameriflex Group Inc. now owns 463 shares of the business services provider’s stock worth $98,000 after purchasing an additional 337 shares during the last quarter. Finally, First Commonwealth Financial Corp PA grew its stake in Republic Services by 5.1% during the fourth quarter. First Commonwealth Financial Corp PA now owns 4,013 shares of the business services provider’s stock worth $850,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 57.73% of the company’s stock.

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.