Republic Services (RSG) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.55 EPS for the quarter. Analysts had a consensus estimate of $0.55. The company posted revenue of $2350.70 million in the period, 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.
Many Wall Street Analysts have commented on Republic Services. Company shares were Upgraded by Barclays on May 3, 2016 to ” Overweight”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .
Republic Services opened for trading at $51.64 and hit $52 on the upside on Thursday, eventually ending the session at $51.9, with a gain of 0.41% or 0.21 points. The heightened volatility saw the trading volume jump to 7,59,039 shares. Company has a market cap of $17,848 M.
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.