Revenue Update on Republic Services(NYSE:RSG)

Republic Services(NYSE:RSG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $2.35B. Analysts estimated a revenue of $2.37B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.55.

In a different note, Argus Research said it Initiates Coverage on Republic Services, according to a research note issued on May 18, 2016. The shares have been rated ‘Hold’ by the firm. Oppenheimer said it Initiates Coverage on Republic Services, according to a research note issued on May 5, 2016. The shares have been rated ‘Perform’ by the firm. On May 3, 2016, Barclays said it Upgrades its rating on Republic Services. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Overweight’ by the firm.

Republic Services (RSG) made into the market gainers list on Thursdays trading session with the shares advancing 0.16% or 0.08 points. Due to strong positive momentum, the stock ended at $50.85, which is also near the day’s high of $51.01. The stock began the session at $50.86 and the volume stood at 8,53,095 shares. The 52-week high of the shares is $52.92 and the 52 week low is $39.48. The company has a current market capitalization of $17,434 M and it has 34,28,45,320 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Brian A Goebel (CAO) sold 1,695 shares at $52.10 per share price.Also, 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.

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