Republic Services (NYSE: RSG – Get a rating) updated its earnings guidance for fiscal 2022 on Thursday. The company provided earnings per share guidance of $4.77 to $4.80 for the period. The company released a revenue forecast of -.
Analysts set new price targets
A number of research analysts have recently commented on the company. Raymond James raised his price target on Republic Services from $140.00 to $142.00 and gave the company an outperform rating in a Friday, April 22 report. Morgan Stanley raised its price target on Republic Services from $147.00 to $157.00 and gave the company an overweight rating in a Monday report. Deutsche Bank Aktiengesellschaft raised its price target on Republic Services from $147.00 to $158.00 in a research note on Tuesday. Oppenheimer raised his price target on Republic Services from $139.00 to $154.00 and gave the stock an outperform rating in a research note on Monday. Finally, Bank of America upgraded Republic Services from a Neutral rating to a Buy rating and raised its price target for the stock from $140.00 to $150.00 in a Friday, May 13 research note. . Two analysts gave the stock a hold rating, five gave the stock a buy rating and two gave the stock a strong buy rating. According to data from MarketBeat.com, the stock currently has a consensus buy rating and an average target price of $148.33.
Republic services inventory up 0.1%
Republic Services shares opened at $142.94 on Thursday. Republic Services has a 12-month low of $113.57 and a 12-month high of $145.98. The stock has a 50-day moving average of $131.25 and a two-hundred-day moving average of $129.85. The company has a current ratio of 0.73, a quick ratio of 0.75 and a debt ratio of 1.26. The stock has a market capitalization of $45.16 billion, a price/earnings ratio of 32.78, a PEG ratio of 2.63 and a beta of 0.72.
Republic Services (NYSE: RSG – Get a rating) last released its quarterly earnings data on Thursday, August 4. The business services provider reported earnings per share of $1.32 for the quarter, beating analysts’ consensus estimate of $1.18 by $0.14. The company posted revenue of $3.41 billion in the quarter, versus $3.30 billion expected by analysts. Republic Services had a return on equity of 16.18% and a net margin of 11.31%. The company’s revenue for the quarter increased 21.4% year over year. During the same period last year, the company achieved EPS of $1.09. As a group, research analysts expect Republic Services to post earnings per share of 4.78 for the current year.
The services of the Republic increase their dividends
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Monday, October 3 will receive a dividend of $0.495. This is a boost from Republic Services’ previous quarterly dividend of $0.46. This represents an annualized dividend of $1.98 and a dividend yield of 1.39%. The ex-date of this dividend is Friday, September 30. Republic Services’ dividend payout ratio (DPR) is currently 42.20%.
In other news, COO Timothy E. Stuart sold 15,000 shares of the company in a trade that took place on Tuesday, June 7. The stock was sold at an average price of $135.19, for a total value of $2,027,850.00. Following the completion of the sale, the COO now directly owns 19,675 shares of the company, valued at approximately $2,659,863.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Separately, CAO Brian A. Goebel sold 347 shares of the company in a trade that took place on Thursday, June 2. The stock was sold at an average price of $135.01, for a total value of $46,848.47. Following completion of the transaction, the chief accounting officer now directly owns 6,186 shares of the company, valued at approximately $835,171.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Also, COO Timothy E. Stuart sold 15,000 shares of the company in a transaction that took place on Tuesday, June 7. The shares were sold at an average price of $135.19, for a total value of $2,027,850.00. Following the completion of the transaction, the COO now directly owns 19,675 shares of the company, valued at $2,659,863.25. Disclosure of this sale can be found here. Insiders have sold 29,447 shares of the company valued at $4,083,807 over the past three months. 0.06% of the shares are currently held by insiders of the company.
Hedge funds weigh on the services of the Republic
Hedge funds have recently been buying and selling stocks. Worth Asset Management LLC bought a new position in Republic Services during the first quarter worth $69,000. Lumature Wealth Partners LLC increased its position in Republic Services by 66.8% during the first quarter. Lumature Wealth Partners LLC now owns 1,406 shares of the business services provider worth $186,000 after buying an additional 563 shares in the last quarter. DA Davidson & CO. bought a new position in Republic Services during the first quarter worth $203,000. Ethic Inc. bought a new position in Republic Services during the first quarter worth $208,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Republic Services in the first quarter at a value of $228,000. Hedge funds and other institutional investors own 92.80% of the company’s shares.
About Republic Services
Republic Services, Inc., together with its subsidiaries, provides environmental services in the United States. The company offers collection and processing of recyclable materials, collection, transfer and disposal of non-hazardous solid waste and other environmental solutions. Its collection services include curbside collection of materials for transportation to transfer stations, landfills or recycling processing centers; supply of recycling and waste containers; and rental of compactors.
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