Republic Services (NYSE:RSG) posted its earnings results on Thursday. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the 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 business 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.
Shares of RSG traded up $1.22 during mid-day trading on Friday, hitting $100.23. 48,457 shares of the company were exchanged, compared to its average volume of 1,119,772. Republic Services has a 1-year low of $76.13 and a 1-year high of $99.35. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50 day moving average of $93.39 and a 200-day moving average of $89.17. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 3.34 and a beta of 0.47.
Several equities analysts recently weighed in on RSG shares. BMO Capital Markets lifted their price target on Republic Services from $98.00 to $101.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Bank of America downgraded Republic Services from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research report on Friday, January 10th. CIBC began coverage on Republic Services in a report on Tuesday, December 17th. They issued a “neutral” rating and a $99.00 price objective on the stock. Deutsche Bank boosted their price objective on Republic Services from $96.00 to $102.00 and gave the company a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group initiated coverage on Republic Services in a research note on Wednesday, November 27th. They set a “buy” rating and a $100.00 target price for the company. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $95.20.
In other news, insider Welborn John 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. Also, CAO Brian A. Goebel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $91.78, for a total value of $183,560.00. Following the sale, the chief accounting officer now owns 8,186 shares of the company’s stock, valued at $751,311.08. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock worth $740,720 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.
About Republic Services
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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