Media coverage about Republic Services (NYSE:RSG) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Republic Services earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 47.663343717236 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
RSG has been the subject of a number of recent research reports. Bank of America Corporation reduced their target price on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. KeyCorp reissued a “hold” rating on shares of Republic Services in a research report on Thursday, August 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Republic Services in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Credit Suisse Group set a $69.00 price target on Republic Services and gave the company a “hold” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $67.71.
Republic Services (NYSE RSG) traded up $0.46 during mid-day trading on Tuesday, reaching $63.91. The company had a trading volume of 768,800 shares, compared to its average volume of 1,133,568. The firm has a market capitalization of $21,206.55, a P/E ratio of 26.44, a PEG ratio of 3.12 and a beta of 0.61. Republic Services has a fifty-two week low of $53.30 and a fifty-two week high of $67.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.51 and a current ratio of 0.54.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. Republic Services’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. analysts anticipate that Republic Services will post 2.4 EPS for the current fiscal year.
Republic Services declared that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s payout ratio is 58.47%.
In other Republic Services news, insider Donald W. Slager sold 22,608 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the completion of the transaction, the insider now owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $66.02, for a total value of $940,785.00. Following the transaction, the executive vice president now directly owns 8,007 shares of the company’s stock, valued at approximately $528,622.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,187 shares of company stock valued at $2,854,922. Insiders own 0.40% of the company’s stock.
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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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