Republic Services (NYSE:RSG) Issues Quarterly Earnings Results

Republic Services (NYSE:RSG) released its quarterly earnings results on Thursday. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02, Bloomberg Earnings reports. Republic Services had a net margin of 10.58% and a return on equity of 13.13%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.62 billion. Republic Services updated its FY 2020
After-Hours guidance to 3.48-3.53 EPS and its FY20 guidance to $3.44-3.49 EPS.

RSG stock traded up $1.44 on Friday, reaching $100.45. 62,448 shares of the company were exchanged, compared to its average volume of 1,119,772. The firm has a market capitalization of $31.99 billion, a PE ratio of 29.98, a PEG ratio of 3.34 and a beta of 0.47. Republic Services has a 12 month low of $76.13 and a 12 month high of $99.35. The stock’s fifty day moving average price is $93.39 and its 200 day moving average price is $89.17. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.49 and a quick ratio of 0.49.

Several research firms recently issued reports on RSG. BMO Capital Markets upped their price objective on shares of Republic Services from $98.00 to $101.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. CIBC initiated coverage on shares of Republic Services in a report on Tuesday, December 17th. They issued a “neutral” rating and a $99.00 target price on the stock. Bank of America lowered shares of Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 target price for the company. in a research report on Friday, January 10th. Deutsche Bank upped their price target on shares of Republic Services from $96.00 to $102.00 and gave the company a “hold” rating in a report on Friday. Finally, Jefferies Financial Group assumed coverage on Republic Services in a research report on Wednesday, November 27th. They issued a “buy” rating and a $100.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Republic Services has an average rating of “Hold” and a consensus target price of $95.20.

In related news, CAO Brian A. Goebel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $94.73, for a total value of $189,460.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,186 shares of the company’s stock, valued at $775,459.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Welborn John 3,000,000 shares of the stock in a transaction dated Thursday, November 21st. Over the last quarter, insiders have sold 8,000 shares of company stock valued at $740,720. Corporate insiders own 0.30% of the company’s stock.

Republic Services Company Profile

Republic Services, Inc, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company's collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors.

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Earnings History for Republic Services (NYSE:RSG)

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