Headlines about Republic Services (NYSE:RSG) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Republic Services earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.8470502389522 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Republic Services, Inc. (RSG) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Republic Services, Inc. (RSG) CAO Sells $135,140.00 in Stock (americanbankingnews.com)
- Investors Recap on Republic Services, Inc. (RSG) – Wall Street Morning (wallstreetmorning.com)
- Republic Services, Inc. (NYSE:RSG) – Investor’s Alert (PEG in Focus) – Nasdaq Journal (press release) (nasdaqjournal.com)
- Reviewing Hot stock of Yesterday- Republic Services, Inc. (RSG) – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several analysts have recently weighed in on RSG shares. Bank of America decreased their target price on shares of Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, October 5th. Credit Suisse Group decreased their target price on shares of Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 6th. Stifel Nicolaus lowered shares of Republic Services from a “buy” rating to a “hold” rating and decreased their target price for the company from $76.00 to $70.00 in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Republic Services from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets decreased their target price on shares of Republic Services from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.14.
Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.04. Republic Services had a net margin of 8.15% and a return on equity of 10.58%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. equities research analysts predict that Republic Services will post 2.4 earnings per share for the current year.
Republic Services declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, December 29th. Republic Services’s dividend payout ratio is currently 58.47%.
In other Republic Services news, CEO Donald W. Slager sold 98,132 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $64.19, for a total value of $6,299,093.08. Following the completion of the transaction, the chief executive officer now directly owns 322,541 shares of the company’s stock, valued at $20,703,906.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Donald W. Slager sold 32,421 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total transaction of $2,074,944.00. The disclosure for this sale can be found here. Insiders have sold a total of 134,553 shares of company stock valued at $8,644,937 over the last three months. 0.40% of the stock is currently owned by insiders.
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Republic Services Company Profile
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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