Republic Services (RSG) was Initiated by Macquarie to “Neutral” and the brokerage firm has set the Price Target at $53. Macquarie advised their investors in a research report released on Aug 26, 2016.
Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by Imperial Capital on Aug 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $52 .
On the company’s financial health, Republic Services reported $0.55 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $2350.70 million for the quarter, compared to analysts expectations of $2375.07 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Republic Services closed down -0.01 points or -0.02% at $51.28 with 9,19,151 shares getting traded on Tuesday. Post opening the session at $51.29, the shares hit an intraday low of $51.14 and an intraday high of $51.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Jul 28, 2016, Republic Services announced a cash dividend of $0.3200. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 14, 2016.
In a different news, on Jul 5, 2016, Brian A Goebel (CAO) sold 1,695 shares at $52.10 per share price. According to the SEC, on Jun 13, 2016, Michael P Rissman (EVP/Chief Legal Officer/Secret) sold 61,768 shares at $49.41 per share price. On May 16, 2016, Donald W Slager (President and CEO) sold 106,112 shares at $48.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Republic Services Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial industrial municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations owned or operated 198 transfer stations 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection transfer recycling and landfill services in all its regions.