Republic Services Hits New 52-Week High at $35.62 (RSG)
Republic Services (NYSE:RSG) reached a new 52-week high during trading on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $35.62 and last traded at $35.46, with a volume of 267,633 shares. The stock had previously closed at $35.46.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Republic Services in a research note on Tuesday, May 6th. They now have a $37.00 price target on the stock.
The stock has a 50-day moving average of $34.93 and a 200-day moving average of $33.93. The company has a market cap of $12.620 billion and a price-to-earnings ratio of 21.49.
Republic Services (NYSE:RSG) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Republic Services will post $1.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, June 27th.
Republic Services, Inc (NYSE:RSG) is a provider of services in the domestic non-hazardous solid waste industry.
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