Republic Services, Inc. Announces Quarterly Dividend of $0.54 (NYSE:RSG)

Republic Services, Inc. (NYSE:RSG) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Tuesday, July 2nd will be given a dividend of 0.535 per share by the business services provider on Monday, July 15th. This represents a $2.14 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, July 2nd.

Republic Services has increased its dividend by an average of 7.5% per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Republic Services has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Republic Services to earn $6.68 per share next year, which means the company should continue to be able to cover its $2.14 annual dividend with an expected future payout ratio of 32.0%.

Republic Services Trading Down 0.2 %

NYSE:RSG opened at $194.34 on Monday. Republic Services has a 52 week low of $140.23 and a 52 week high of $196.76. The firm has a 50-day moving average price of $188.74 and a two-hundred day moving average price of $181.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $61.20 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69.

Republic Services (NYSE:RSG) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.10. Republic Services had a return on equity of 17.56% and a net margin of 11.81%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm posted $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Republic Services will post 6.05 earnings per share for the current fiscal year.

Insider Transactions at Republic Services

In related news, CMO Amanda Hodges sold 6,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the transaction, the chief marketing officer now directly owns 6,831 shares in the company, valued at $1,270,702.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Republic Services news, Director Katharine Weymouth purchased 540 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $185.26 per share, for a total transaction of $100,040.40. Following the completion of the transaction, the director now directly owns 540 shares in the company, valued at approximately $100,040.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Amanda Hodges sold 6,500 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.02, for a total value of $1,209,130.00. Following the completion of the sale, the chief marketing officer now directly owns 6,831 shares of the company’s stock, valued at approximately $1,270,702.62. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on RSG shares. Oppenheimer upped their price objective on Republic Services from $202.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered Republic Services from an “overweight” rating to an “equal weight” rating and set a $199.00 price objective for the company. in a report on Friday, March 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Republic Services in a report on Thursday, May 23rd. They set a “hold” rating and a $203.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Republic Services from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Scotiabank raised their price objective on shares of Republic Services from $211.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.14.

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.