News stories about Republic Services (NYSE:RSG) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Republic Services earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 47.0609018625669 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- This America Recycles Day, Remember to Practice Empty, Clean & Dry (finance.yahoo.com)
- What Should You Know About The Future Of Republic Services Inc’s (RSG) Business? (finance.yahoo.com)
- $2.50 Billion in Sales Expected for Republic Services, Inc. (RSG) This Quarter (americanbankingnews.com)
- Republic Services, Inc. (RSG) Insider Donald W. Slager Sells 32,421 Shares (americanbankingnews.com)
- Bullish and Bearish Momentum: Republic Services, Inc., (NYSE: RSG), Canadian National Railway Company, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
Several equities analysts have issued reports on the company. Zacks Investment Research raised Republic Services from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price objective on shares of Republic Services in a report on Friday, October 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Republic Services in a report on Thursday, September 7th. Barclays PLC reaffirmed a “neutral” rating on shares of Republic Services in a report on Friday, July 28th. Finally, BidaskClub lowered Republic Services from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.71.
Republic Services (NYSE RSG) traded down $0.80 during midday trading on Friday, hitting $62.44. The company had a trading volume of 819,637 shares, compared to its average volume of 1,241,574. 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 has a 52-week low of $54.47 and a 52-week high of $67.18. The stock has a market capitalization of $20,868.98, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.07 and a beta of 0.61.
Republic Services (NYSE:RSG) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.04. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.54 billion. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. equities analysts forecast that Republic Services will post 2.4 EPS for the current year.
Republic Services announced that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.345 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.38 dividend on an annualized basis and a yield of 2.21%. Republic Services’s payout ratio is currently 58.47%.
In other news, EVP Jeffrey A. Hughes sold 6,329 shares of Republic Services stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $66.50, for a total transaction of $420,878.50. Following the completion of the sale, the executive vice president now directly owns 428 shares in the company, valued at approximately $28,462. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald W. Slager sold 22,608 shares of Republic Services stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the sale, the insider now owns 246,617 shares of the company’s stock, valued at $16,289,052.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,608 shares of company stock valued at $4,929,866. Insiders own 0.40% of the company’s stock.
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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