Republic Services (RSG) Getting Somewhat Favorable Press Coverage, Analysis Shows

News stories about Republic Services (NYSE:RSG) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. 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 news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.6023936695999 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Republic Services (NYSE:RSG) traded up $0.08 on Monday, reaching $68.28. The company had a trading volume of 1,068,382 shares, compared to its average volume of 1,244,050. Republic Services has a 1 year low of $56.83 and a 1 year high of $69.12. The firm has a market cap of $22,820.00, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.54 and a quick ratio of 0.51.

Republic Services (NYSE:RSG) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.04. Republic Services had a return on equity of 10.58% and a net margin of 8.15%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the previous year, the firm posted $0.62 EPS. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts anticipate that Republic Services will post 2.4 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.345 per share. The ex-dividend date was Friday, December 29th. This represents a $1.38 annualized dividend and a yield of 2.02%. Republic Services’s payout ratio is 58.47%.

Republic Services declared that its board has approved a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

RSG has been the topic of several research analyst reports. Bank of America cut their price objective on Republic Services from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Credit Suisse Group cut their price objective on Republic Services from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, November 6th. Zacks Investment Research upgraded Republic Services from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets reiterated a “buy” rating and issued a $72.00 price objective on shares of Republic Services in a report on Friday, October 13th. Finally, Stifel Nicolaus downgraded Republic Services from a “buy” rating to a “hold” rating and cut their price objective for the company from $76.00 to $70.00 in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Republic Services currently has an average rating of “Hold” and an average target price of $68.71.

In related news, CAO Brian A. Goebel sold 1,290 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $68.44, for a total transaction of $88,287.60. Following the completion of the transaction, the chief accounting officer now directly owns 6,696 shares of the company’s stock, valued at approximately $458,274.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald W. Slager sold 32,421 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $64.00, for a total value of $2,074,944.00. The disclosure for this sale can be found here. Insiders have sold a total of 135,843 shares of company stock valued at $8,733,225 over the last three months. 0.40% of the stock is currently 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.

Insider Buying and Selling by Quarter for Republic Services (NYSE:RSG)

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