Somewhat Positive Press Coverage Somewhat Unlikely to Affect Republic Services (RSG) Share Price
News coverage about Republic Services (NYSE:RSG) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Republic Services earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.8710560241416 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Prudential Financial, Inc. (PRU) noted a price change of -0.35% and Republic Services, Inc. (RSG) closes with a move … – Stocks Gallery (stocksgallery.com)
- Comparing Clean Harbors (CLH) & Republic Services (RSG) (americanbankingnews.com)
- Republic Services Inc (RSG) Ichimoku Levels Point to Positive Stock Momentum – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Republic Services Inc. (finance.yahoo.com)
- Republic Services, Inc. (NYSE:RSG) Expected to Post Quarterly Sales of $2.54 Billion (americanbankingnews.com)
Republic Services (NYSE RSG) traded down 0.06% during midday trading on Tuesday, reaching $64.56. The company’s stock had a trading volume of 495,129 shares. Republic Services has a 52 week low of $49.18 and a 52 week high of $65.54. The stock has a 50 day moving average of $64.40 and a 200 day moving average of $62.81. The firm has a market capitalization of $21.74 billion, a PE ratio of 33.14 and a beta of 0.58.
Republic Services (NYSE:RSG) last announced its earnings results on Thursday, July 27th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. Republic Services had a return on equity of 10.42% and a net margin of 6.86%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Republic Services will post $2.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.345 per share. This is an increase from Republic Services’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 29th. This represents a $1.38 annualized dividend and a yield of 2.14%. Republic Services’s dividend payout ratio is presently 65.64%.
RSG has been the topic of several recent research reports. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Tuesday, May 2nd. Credit Suisse Group AG set a $69.00 price target on Republic Services and gave the stock a “hold” rating in a research report on Saturday, July 29th. BMO Capital Markets initiated coverage on Republic Services in a research report on Thursday, June 29th. They set an “outperform” rating and a $71.00 price target on the stock. Barclays PLC reissued a “neutral” rating on shares of Republic Services in a research report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $73.00 price target on shares of Republic Services in a research report on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Republic Services presently has an average rating of “Hold” and a consensus price target of $69.78.
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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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