Republic Services, Inc. (RSG) Issues FY18 Earnings Guidance
Republic Services, Inc. (NYSE:RSG) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $2.53-$2.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.64.
Several equities research analysts recently commented on RSG shares. BidaskClub lowered shares of Republic Services from a hold rating to a sell rating in a research note on Thursday, August 17th. Barclays PLC reiterated a neutral rating on shares of Republic Services in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Republic Services from a hold rating to a buy rating and set a $72.00 price target on the stock in a research note on Friday, July 14th. BMO Capital Markets lifted their price target on shares of Republic Services from $71.00 to $72.00 and gave the stock an outperform rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a buy rating and set a $73.00 price target on shares of Republic Services in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $68.29.
In other news, EVP Catharine D. Ellingsen sold 14,250 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $66.02, for a total value of $940,785.00. Following the completion of the transaction, the executive vice president now owns 8,007 shares of the company’s stock, valued at $528,622.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donald W. Slager sold 22,608 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $66.05, for a total transaction of $1,493,258.40. Following the transaction, the insider now directly owns 246,617 shares of the company’s stock, valued at approximately $16,289,052.85. The disclosure for this sale can be found here. In the last three months, insiders sold 43,187 shares of company stock valued at $2,854,922. Company insiders own 0.40% of the company’s stock.
Republic Services Company Profile
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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