Republic Services Inc. (NYSE:RSG) declared a quarterly dividend on Thursday, July 28th. Shareholders of record on Monday, October 3rd will be paid a dividend of 0.32 per share on Friday, October 14th. This represents a $1.28 dividend on an annualized basis and a yield of 2.47%. This is a boost from Republic Services’s previous quarterly dividend of $0.30.
In other Republic Services news, CAO Brian A. Goebel sold 1,695 shares of the business’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $52.10, for a total transaction of $88,309.50. Following the completion of the transaction, the chief accounting officer now directly owns 6,391 shares of the company’s stock, valued at approximately $332,971.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian A. Goebel sold 3,780 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $50.83, for a total transaction of $192,137.40. Following the transaction, the chief accounting officer now directly owns 7,671 shares of the company’s stock, valued at $389,916.93. The disclosure for this sale can be found here.
A number of brokerages have issued reports on RSG. Zacks Investment Research raised shares of Republic Services from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, June 29th. Oppenheimer Holdings Inc. began coverage on shares of Republic Services in a report on Wednesday, May 4th. They issued a “market perform” rating for the company. Argus began coverage on shares of Republic Services in a report on Wednesday, May 18th. They issued a “hold” rating and a $50.00 target price for the company. Barclays PLC raised shares of Republic Services from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $45.00 to $52.00 in a report on Tuesday, May 3rd. Finally, First Analysis increased their target price on shares of Republic Services from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, April 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.44.
Republic Services (NYSE:RSG) last posted its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.38 billion. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that Republic Services will post $2.16 earnings per share for the current fiscal year.
Republic Services, Inc is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells.
