Republic Services, Inc. Common (NYSE:RSG):
Republic Services, Inc. Reports Third-Quarter Results; Raises Full-Year Financial Guidance.
The company is now up from yesterday’s close of $50.99.
Republic Services, Inc. Common also recently declared a dividend for shareholders paid on Friday the 14th of October 2016. The dividend payment was $0.320 per share for the quarter or $1.28 on an annualized basis. The dividend yield was $2.51. The ex-dividend date was Thursday the 29th of September 2016.
It is currently trading at $51.98 a bit higher than $50.33, the 50 day moving average and which is just over the 200 day moving average of $49.85. The 50 day moving average went up by +3.29% whereas the 200 day moving average was up $2.13 or +4.27%.
The most current P/E ratio is 24.98 and the market cap is 17.82B. In the latest earnings report the EPS was $2.08 and is estimated to be $2.17 for the current year with 342,845,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.54 and the next full year EPS is projected to be $2.36.
Investment firms have released opinions on Republic Services, Inc. Common recently. Equity analyst Macquarie began coverage of the stock setting a rating of “Neutral”. On May 18 analysts at Argus Research began coverage of RSG with an initial rating of “Hold” and setting a price target of $50.00.
Oppenheimer added the stock to its research portfolio giving it an initial rating of “Perform”. Equity analyst Barclays upgraded the stock and raised the price target on May 3 changing the price objective from $44.00 to $52.00 and altering the rating from “Equal-weight” to “Overweight”.
On May 3 the company was upgraded from “Equal-weight” to “Overweight” and a price target of $52.00 was set by analysts at Barclays. On March 22, 2016 Sterne Agee CRT began coverage with a rating of “Neutral”.