Republic Services (NYSE:RSG) posted its earnings results on Sunday. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18, MarketWatch Earnings reports. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Republic Services had a return on equity of 13.59% and a net margin of 10.05%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share.
NYSE:RSG opened at $89.00 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03. Republic Services has a 12 month low of $65.37 and a 12 month high of $103.79. The company has a market cap of $28.37 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The company has a 50 day simple moving average of $92.84 and a two-hundred day simple moving average of $93.91.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 1st will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, March 31st. Republic Services’s dividend payout ratio (DPR) is presently 50.90%.
RSG has been the topic of several research analyst reports. Raymond James upped their price target on shares of Republic Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Robert W. Baird cut Republic Services from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $103.00 to $96.00 in a research note on Tuesday, February 16th. JPMorgan Chase & Co. raised Republic Services from a “neutral” rating to an “overweight” rating and set a $102.00 target price on the stock in a research note on Tuesday. Bank of America cut Republic Services from a “buy” rating to a “neutral” rating in a research note on Monday, January 11th. Finally, Argus raised their price objective on Republic Services from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $97.31.
In other Republic Services news, CEO Donald W. Slager sold 43,199 shares of Republic Services stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $94.85, for a total value of $4,097,425.15. Following the completion of the sale, the chief executive officer now owns 299,080 shares of the company’s stock, valued at approximately $28,367,738. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
Republic Services Company Profile
Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.
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