Republic Services (RSG) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.47. The company posted revenue of $2248.60 million in the period, compared to analysts expectations of $2233.66 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Republic Services. Company shares were Reiterated by First Analysis Sec on Apr 7, 2016 to “Equal-Weight”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .Republic Services was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.
Republic Services opened for trading at $46.12 and hit $46.529 on the upside on Wednesday, eventually ending the session at $46.49, with a gain of 0.82% or 0.38 points. The heightened volatility saw the trading volume jump to 13,13,753 shares. Company has a market cap of $16,033 M.
In a different news, on Mar 30, 2016, Jeffrey A Hughes (EVP Chief Administrative Offic) sold 7,545 shares at $48.21 per share price. According to the SEC, on Feb 19, 2016, Michael P Rissman (EVP/Chief Legal Officer/Secret) sold 10,626 shares at $45.30 per share price. On Nov 4, 2015, Donald W Slager (President and CEO) sold 123,570 shares at $43.96 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.