Republic Services Posts $1.94 Q3 Adjusted EPS
RSG sits 20% above its 52-week low of $196.41.
Summary
Republic Services reported third-quarter adjusted EPS of $1.94, against an IBES estimate of $1.93, on revenue of $4.56B and net income of $592M. That compares with $1.85 in the second quarter, when the company beat consensus on revenue of $4.43B and raised full-year guidance. The company raised its full-year revenue guidance after the higher third-quarter profit and sales. It also approved a $5B share repurchase authorization effective Jan. 1, 2027, extending through Dec. 31, 2029. The stock is trading near its 52-week high of $243.22, which raises the bar for this print. Cascade Investment has been a persistent buyer, adding roughly $160M of stock in early September and lifting its total stake to 116.5 million shares.
At the time of this announcement, RSG was trading at $236.28 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $72.4B. The 52-week trading range was $196.41 to $243.22. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.