News articles about Republic Services (NYSE:RSG) have trended somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Republic Services earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.8554874720781 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Republic Services (NYSE RSG) traded down $0.34 during mid-day trading on Thursday, reaching $67.91. The company had a trading volume of 1,250,867 shares, compared to its average volume of 1,320,000. Republic Services has a fifty-two week low of $56.83 and a fifty-two week high of $69.12. The firm has a market capitalization of $22,700.00, a P/E ratio of 28.78, a PEG ratio of 3.11 and a beta of 0.61. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.93.
Republic Services (NYSE:RSG) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts predict that Republic Services will post 2.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were given a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, December 29th. Republic Services’s dividend payout ratio (DPR) is presently 58.47%.
Republic Services announced that its board has authorized a share repurchase program on Thursday, November 2nd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on RSG shares. Stifel Nicolaus downgraded Republic Services from a “buy” rating to a “hold” rating and lowered their price target for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. Bank of America lowered their price target on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $72.00 price target on shares of Republic Services in a research report on Friday, October 13th. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Credit Suisse Group lowered their price target on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Republic Services has an average rating of “Hold” and an average target price of $68.14.
In related news, CAO Brian A. Goebel sold 1,290 shares of Republic Services stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total transaction of $88,287.60. Following the sale, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at $458,274.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald W. Slager sold 32,421 shares of Republic Services stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total value of $2,074,944.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,843 shares of company stock worth $8,733,225. 0.40% of the stock is owned by company insiders.
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About Republic Services
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company’s segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States.
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