News headlines about Republic Services (NYSE:RSG) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Republic Services earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.4130809793585 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Notable Stocks Under Consideration: Extreme Networks, Inc., (NASDAQ: EXTR), Republic Services, Inc., (NYSE: RSG); – TNN (tradingnewsnow.com)
- Republic Services (RSG) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- $2.42 Billion in Sales Expected for Republic Services, Inc. (RSG) This Quarter (americanbankingnews.com)
- Yesterday’s Hot Mover – Republic Services Inc (NYSE: RSG) – Stocks Pen (stockspen.com)
- Republic Services, Inc. (RSG) Swings Under Volatility Examination – Investing News Update (investingbizz.com)
A number of research analysts have weighed in on the company. UBS assumed coverage on Republic Services in a report on Wednesday, March 14th. They set a “buy” rating and a $78.00 target price for the company. Zacks Investment Research lowered Republic Services from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reduced their target price on Republic Services from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Credit Suisse Group reduced their target price on Republic Services from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, February 12th. Finally, Stifel Nicolaus raised Republic Services from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $73.00 in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Republic Services presently has an average rating of “Hold” and an average price target of $69.75.
Shares of Republic Services (NYSE:RSG) traded down $0.03 during midday trading on Tuesday, hitting $68.58. The stock had a trading volume of 1,195,109 shares, compared to its average volume of 1,824,054. 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 stock has a market capitalization of $22,774.24, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.55.
Republic Services (NYSE:RSG) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Republic Services had a return on equity of 10.61% and a net margin of 12.73%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Republic Services’s revenue was up 7.6% on a year-over-year basis. 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. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, March 29th. Republic Services’s payout ratio is 36.41%.
In other news, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $67.57, for a total transaction of $135,140.00. Following the completion of the transaction, the chief accounting officer now owns 6,696 shares of the company’s stock, valued at $452,448.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian A. Goebel sold 1,290 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total value of $88,287.60. Following the transaction, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at approximately $458,274.24. The disclosure for this sale can be found here. Insiders have sold 23,128 shares of company stock valued at $1,553,897 in the last three months. 0.40% of the stock is owned by 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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