Republic Services, Inc. (RSG) To Go Ex-Dividend on January 2nd

Republic Services, Inc. (NYSE:RSG) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Investors 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 yield of 1.15%. The ex-dividend date of this dividend 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 payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.8 %

NYSE RSG opened at $201.19 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. Republic Services has a 52 week low of $162.27 and a 52 week high of $220.58. The business’s fifty day simple moving average is $208.49 and its 200-day simple moving average is $203.34. The firm 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.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $4.12 billion. During the same quarter in the prior year, the company posted $1.54 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Republic Services will post 6.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Katharine Weymouth sold 1,859 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $189,222.33. The trade was a 67.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian M. Delghiaccio sold 5,071 shares of Republic Services stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the sale, the chief financial officer now owns 6,318 shares of the company’s stock, valued at approximately $1,326,906.36. The trade was a 44.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on RSG shares. BMO Capital Markets raised shares of Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $211.00 to $238.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised shares of Republic Services from a “hold” rating to a “buy” rating and raised their price target for the company from $219.00 to $237.00 in a research report on Tuesday, December 10th. Oppenheimer upped their price objective on Republic Services from $219.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on Republic Services in a report on Friday, October 4th. They issued a “sector perform” rating and a $224.00 target price for the company. Finally, CIBC increased their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.06.

Republic Services Company Profile

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.