Media coverage about Republic Services (NYSE:RSG) has been trending somewhat positive this week, Alpha One Sentiment reports. The research firm, a unit of Accern, rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Republic Services earned a news sentiment score of 0.10 on Alpha One’s scale. Alpha One also gave media coverage about the business services provider an impact score of 79 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- Republic Services : Unveils Customer Resource Center in Indianapolis (4-traders.com)
- Republic Services Has Returned 21.9% Since SmarTrend Recommendation (RSG) (mysmartrend.com)
- Brokerages Anticipate Republic Services, Inc. (RSG) Will Announce Quarterly Sales of $2.36 Billion (americanbankingnews.com)
- Does Republic Services Inc (RSG) have a place in your dividend portfolio? (simplywall.st)
- Republic Services Unveils Big Fishers Center (insideindianabusiness.com)
RSG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Republic Services from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, February 15th. Barclays PLC lowered shares of Republic Services from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $55.00 to $57.00 in a research report on Wednesday, March 1st. Wedbush increased their price target on Republic Services from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, February 21st. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Republic Services in a report on Friday, February 17th. Finally, Stifel Nicolaus raised their price target on Republic Services from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, February 13th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Republic Services presently has a consensus rating of “Hold” and a consensus target price of $64.56.
Republic Services (NYSE:RSG) traded up 0.60% on Friday, reaching $63.39. The company had a trading volume of 601,048 shares. The company has a 50-day moving average of $62.65 and a 200 day moving average of $57.26. Republic Services has a one year low of $45.56 and a one year high of $63.84. The stock has a market cap of $21.50 billion, a price-to-earnings ratio of 35.61 and a beta of 0.59.
Republic Services (NYSE:RSG) last announced its quarterly earnings data on Thursday, February 16th. The business services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.36 billion. Republic Services had a return on equity of 9.62% and a net margin of 6.40%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. On average, equities research analysts predict that Republic Services will post $2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, April 3rd were given a $0.32 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.28 dividend on an annualized basis and a yield of 2.03%. Republic Services’s payout ratio is 74.85%.
In other Republic Services news, CFO Charles F. Serianni sold 9,500 shares of Republic Services stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $61.43, for a total transaction of $583,585.00. Following the transaction, the chief financial officer now directly owns 39,893 shares in the company, valued at $2,450,626.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Catharine D. Ellingsen sold 1,625 shares of Republic Services stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $62.21, for a total value of $101,091.25. Following the transaction, the executive vice president now owns 3,589 shares in the company, valued at $223,271.69. The disclosure for this sale can be found here. Insiders sold a total of 155,996 shares of company stock worth $9,575,351 over the last quarter. Corporate insiders own 0.50% of the company’s stock.
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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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