News headlines about Republic Services (NYSE:RSG) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Republic Services earned a news impact score of 0.21 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.5642386843546 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have recently issued reports on RSG shares. Oppenheimer reissued a “hold” rating on shares of Republic Services in a research report on Thursday, May 3rd. UBS Group started coverage on shares of Republic Services in a research report on Wednesday, March 14th. They set a “buy” rating and a $78.00 price objective for the company. Raymond James downgraded shares of Republic Services from a “strong-buy” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research report on Wednesday, April 11th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Finally, Argus raised shares of Republic Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $72.14.
Shares of RSG stock opened at $69.73 on Friday. Republic Services has a 1 year low of $60.26 and a 1 year high of $69.97. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.95. The firm has a market cap of $22.68 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.03 and a beta of 0.55.
Republic Services (NYSE:RSG) last released its earnings results on Wednesday, May 2nd. The business services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. Republic Services had a net margin of 13.18% and a return on equity of 11.29%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $0.55 EPS. Republic Services’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts forecast that Republic Services will post 3.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, June 29th. Republic Services’s dividend payout ratio (DPR) is 56.79%.
In related news, EVP Jeffrey A. Hughes sold 16,200 shares of Republic Services stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $68.00, for a total transaction of $1,101,600.00. Following the transaction, the executive vice president now owns 16,200 shares in the company, valued at approximately $1,101,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.
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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