Republic Services (NYSE:RSG – Get Free Report) posted its quarterly earnings results on Thursday. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.04, FiscalAI reports. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.36 billion. Republic Services had a net margin of 12.94% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 earnings per share. Republic Services updated its FY 2026 guidance to 7.230-7.280 EPS.
Here are the key takeaways from Republic Services’ conference call:
- Republic raised its full-year 2026 guidance, now expecting revenue of $17.2–$17.3 billion, adjusted EBITDA of $5.525–$5.55 billion, adjusted EPS of $7.23–$7.28, and adjusted free cash flow of $2.54–$2.575 billion. The increase reflects acquisitions closed to date, higher fuel recovery fees, and improved recycling commodity prices.
- Second-quarter revenue grew 4.6% and adjusted EBITDA increased 4.5%, while the 32.1% EBITDA margin was maintained. Pricing remained strong, with 3.4% total-revenue yield and 4.0% related-revenue yield, exceeding underlying cost inflation and producing 90 basis points of margin expansion in the core business.
- Organic volume declined 1.9% on related revenue, primarily due to prior-year landfill event volumes, continued construction weakness, and a 4.3% decline in residential volume from contract losses. Management expects sequential improvement, but residential volumes may remain down roughly 3%–3.5% in the second half and about 2% in 2027.
- Environmental Solutions revenue improved sequentially and its EBITDA margin rose 100 basis points to 20.2%; management expects year-over-year revenue growth and further margin expansion in the second half. PFAS-related activity is growing across landfill, water-treatment, and remediation services, with revenue expected to exceed $100 million this year.
- Republic invested $860 million in acquisitions during the first half and expects more than $1.2 billion of value-creating acquisitions in 2026, while returning over $1 billion to shareholders through dividends and buybacks. AI-driven pricing and routing tools, Polymer Centers, RNG projects, and fleet electrification are being positioned as longer-term growth and efficiency opportunities.
Republic Services Stock Performance
Republic Services stock traded up $4.88 during mid-day trading on Friday, reaching $214.47. The company’s stock had a trading volume of 1,922,824 shares, compared to its average volume of 1,366,040. The firm’s fifty day moving average price is $213.04 and its two-hundred day moving average price is $214.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.67 and a current ratio of 0.67. Republic Services has a 12-month low of $196.41 and a 12-month high of $238.62. The company has a market capitalization of $65.98 billion, a P/E ratio of 30.38, a PEG ratio of 3.51 and a beta of 0.40.
Republic Services Increases Dividend
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $232.00 price target on shares of Republic Services in a research note on Friday. Robert W. Baird dropped their price objective on Republic Services from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Citigroup raised their target price on Republic Services from $247.00 to $259.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada boosted their target price on Republic Services from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $249.00 price target on shares of Republic Services in a research report on Friday, May 8th. Eleven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $244.63.
Read Our Latest Stock Report on RSG
Key Stories 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.
Insider Buying and Selling at Republic Services
In other news, Director Sandra M. Volpe sold 1,800 shares of Republic Services stock in a transaction 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 completion of the transaction, the director directly owned 58 shares in the company, valued at approximately $12,254.24. The trade was a 96.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cascade Investment, L.L.C. acquired 60,700 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $213.31 per share, for a total transaction of $12,947,917.00. Following the completion of the purchase, the insider owned 110,803,982 shares in the company, 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 90 days, insiders have acquired 987,150 shares of company stock worth $202,366,682. Company insiders own 0.12% of the company’s stock.
Hedge Funds Weigh In On Republic Services
Large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Republic Services by 75.8% in the 4th quarter. Brighton Jones LLC now owns 19,822 shares of the business services provider’s stock worth $3,988,000 after purchasing an additional 8,547 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Republic Services during the 4th quarter valued at about $110,000. Transamerica Financial Advisors LLC lifted its position in Republic Services by 96.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 352 shares of the business services provider’s stock worth $75,000 after buying an additional 173 shares during the last quarter. Quarry LP boosted its stake in Republic Services by 1,165.4% in the fourth quarter. Quarry LP now owns 658 shares of the business services provider’s stock worth $139,000 after buying an additional 606 shares in the last quarter. Finally, Acumen Wealth Advisors LLC bought a new position in Republic Services during the fourth quarter valued at approximately $191,000. 57.73% of the stock is currently owned by institutional investors.
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.
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