Media stories about Republic Services (NYSE:RSG) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Republic Services earned a news impact score of 0.24 on AlphaOne’s scale. AlphaOne also gave press coverage about the business services provider an impact score of 52 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- Is Buying 52-Week Stock Like Republic Services, Inc (badhub.net)
- Hampshire Pride chief slams Theresa May over DUP talks (healthcaremenu.net)
- Latest Analysts Reports: Republic Services, Inc. (NYSE:RSG), Charter Communications, Inc. (NASDAQ:CHTR) – AllStockNews (allstocknews.com)
- (RSG) Shares Trading up at $64.86 Republic Services, Inc. Sets Date for… (highlightpress.com)
- (RSG) Shares Trading up at $64.86 Republic Services, Inc. Sets Date for… – Highlight Press (highlightpress.com)
Several equities analysts have weighed in on the company. Zacks Investment Research raised Republic Services from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Friday. Credit Suisse Group set a $63.00 target price on Republic Services and gave the company a “hold” rating in a research note on Sunday, April 30th. Barclays PLC reissued a “hold” rating and issued a $59.00 target price on shares of Republic Services in a research note on Friday, April 28th. Finally, Wedbush increased their target price on Republic Services from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, March 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $66.56.
Republic Services (NYSE:RSG) traded down 0.08% during midday trading on Friday, hitting $64.81. The stock had a trading volume of 1,407,535 shares. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 34.47 and a beta of 0.57. Republic Services has a 52 week low of $48.67 and a 52 week high of $65.04. The company’s 50 day moving average price is $63.27 and its 200-day moving average price is $60.58.
Republic Services (NYSE:RSG) last announced its earnings results on Thursday, April 27th. The business services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Republic Services had a return on equity of 10.18% and a net margin of 6.75%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Republic Services will post $2.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, June 29th. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. Republic Services’s payout ratio is 68.45%.
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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