Republic Services (RSG) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Republic Services (NYSE:RSG) released its earnings data on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07, AnalystRatingsNetwork reports. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company posted $0.37 earnings per share. Republic Services’s revenue was up 5.6% compared to the same quarter last year.
Shares of Republic Services (NYSE:RSG) traded up 1.01% during mid-day trading on Thursday, hitting $31.87. 1,373,900 shares of the company’s stock traded hands. Republic Services has a 52-week low of $29.96 and a 52-week high of $35.61. The stock has a 50-day moving average of $32.52 and a 200-day moving average of $33.56. The company has a market cap of $11.476 billion and a price-to-earnings ratio of 23.90.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.26%.
A number of analysts have recently weighed in on RSG shares. Analysts at Macquarie initiated coverage on shares of Republic Services in a research note to investors on Tuesday, January 7th. They set a “neutral” rating on the stock. On a related note, analysts at Zacks downgraded shares of Republic Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $37.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Republic Services from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $36.71.
Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.
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