Republic Services, Inc. (NYSE:RSG - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.58 per share by the business services provider on Wednesday, January 15th. This represents a $2.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, January 2nd.
Republic Services has raised its dividend by an average of 7.5% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Republic Services has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Republic Services to earn $6.83 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 34.0%.
Republic Services Stock Down 0.0 %
Republic Services stock traded down $0.01 during midday trading on Tuesday, hitting $201.18. 832,232 shares of the company's stock were exchanged, compared to its average volume of 1,109,058. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $63.00 billion, a PE ratio of 32.19, a P/E/G ratio of 3.30 and a beta of 0.71. The firm has a 50-day moving average of $208.44 and a two-hundred day moving average of $203.43. Republic Services has a 12 month low of $162.27 and a 12 month high of $220.58.
Republic Services (NYSE:RSG - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.20. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.54 EPS. The business's revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Republic Services will post 6.25 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Republic Services from $211.00 to $219.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on shares of Republic Services in a report on Friday, October 4th. They issued a "sector perform" rating and a $224.00 price target on the stock. William Blair started coverage on shares of Republic Services in a research note on Thursday, October 3rd. They set an "outperform" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Republic Services from a "hold" rating to a "buy" rating and increased their price objective for the stock from $219.00 to $237.00 in a research note on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Republic Services presently has an average rating of "Moderate Buy" and an average target price of $220.06.
View Our Latest Report on Republic Services
Insider Activity at Republic Services
In other news, Director Katharine Weymouth sold 1,859 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the sale, the director now owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total value of $1,065,011.42. Following the completion of the sale, the chief financial officer now owns 6,318 shares of the company's stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
Republic Services Company Profile
(
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Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
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