News stories about Republic Services (NYSE:RSG) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Republic Services earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 45.3861958543236 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
Shares of NYSE RSG opened at $66.85 on Friday. Republic Services has a 52 week low of $60.26 and a 52 week high of $69.40. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. The company has a market cap of $22,141.65, a P/E ratio of 27.40, a P/E/G ratio of 2.12 and a beta of 0.54.
Republic Services (NYSE:RSG) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 earnings per share. equities research analysts anticipate that Republic Services will post 3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.345 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.38 annualized dividend and a yield of 2.06%. Republic Services’s dividend payout ratio is 56.79%.
Several research analysts have recently weighed in on RSG shares. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Monday, January 22nd. Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $73.00 in a research report on Thursday, January 4th. BMO Capital Markets reduced their price objective on Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. UBS started coverage on Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price target for the company. Finally, Credit Suisse Group reduced their price target on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Republic Services currently has an average rating of “Hold” and an average price target of $70.29.
In other Republic Services news, CAO Brian A. Goebel sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $67.57, for a total value of $135,140.00. Following the sale, the chief accounting officer now owns 6,696 shares in the company, valued at $452,448.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Ark Jon Vander sold 9,236 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $68.45, for a total value of $632,204.20. Following the completion of the sale, the chief operating officer now owns 12,011 shares in the company, valued at approximately $822,152.95. The disclosure for this sale can be found here. Insiders sold 30,364 shares of company stock worth $2,050,341 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.
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Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations; supply of waste containers; and renting of compactors.
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