88.25 0.00 (0.00%)
After hours: 4:36PM EST
|Bid||88.27 x 800|
|Ask||88.28 x 1400|
|Day's Range||88.00 - 88.57|
|52 Week Range||68.94 - 90.62|
|Beta (3Y Monthly)||0.50|
|PE Ratio (TTM)||26.25|
|Earnings Date||Feb 5, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||1.62 (1.84%)|
|1y Target Est||92.89|
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Consecutive better-than-expected bottom-line performance and an encouraging 2019 adjusted earnings guidance are driving Republic Services (RSG) stock.
The waste removal services industry has encouraging prospects on rising environmental awareness, rapid industrialization and urbanization, and growing adoption of technology.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Republic Services, Inc. New York, November 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Republic Services, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Always Recycle Two Common Items to Help the Planet PHOENIX , Nov. 12, 2019 /PRNewswire/ -- As Americans continue to struggle with recycling the correct way, Republic Services (NYSE: RSG) reminds consumers ...
Corporate executives have been markedly upbeat about the U.S. economic outlook for 2020, based on management commentary about Q3 2019 earnings.
(Bloomberg) -- GFL Environmental Inc. was on track to be one of Canada’s largest public offerings. Instead it became the latest IPO that failed to entice investors.The Vaughan, Ontario-based company scrapped its share sale Tuesday after investors balked at the waste company’s debt load and growth prospects. It had sought to raise as much as $2.1 billion at the top end of its marketed range of $20 and $24 a share. But banks running the IPO only got support for the offering at about $18 a share, according to people familiar with the matter.“At a price below the range, the shareholders decided it wasn’t fair value,” GFL founder and Chief Executive Officer Patrick Dovigi said Tuesday. “We will revisit at a later date.”GFL joins a chorus of companies that have struggled to raise money through IPOs. WeWork and Endeavor Group Holdings Inc. pulled their sales in September while two companies in Hong Kong scrapped sales over the last two weeks. Saudi Aramco’s massive sale has been delayed, and may raise less than originally expected.“Frankly a lot of it has to do with market tone,” said Michele Robitaille, senior portfolio manager at Guardian Capital, told BNN Bloomberg. “Right now, I would say the market has been a little bit more defensive and the appetite for deals with a lot of debt right now is pretty low.”New York ListingGFL’s sale at $18 a share would have raised about $1.6 billion based on the 87.6 million shares being sold, including a portion owned by a current shareholder. That would have given GFL a market value of about $5.7 billion provided the number of shares being issued and outstanding remained the same.The listing in New York and Toronto would have been the largest for a Canadian company since Manulife Financial Corp.’s 1999 IPO that raised $1.7 billion, according to data compiled by Bloomberg. At the top end of the original range, it would have been Canada’s largest IPO.“I went to the roadshow and it was packed,” Greg Taylor, chief investment officer at Purpose Investments, said. “Everyone was there because we haven’t has a good IPO for a while. There’s no question that the valuation was a bit on the high side.”Taylor added the feedback he was getting was that Canadian investors were balking at the price “but the Americans could get their head around the strategy.”GFL, with a fleet of bright green trucks, collects and disposes of solid, liquid and hazardous waste, including organics and recyclables. It has more than 10,000 employees and operations in Canada and 23 U.S. states. It also offers infrastructure services such as soil remediation.Dovigi founded GFL in 2007 and has made over 100 acquisitions since, the largest being the $2.8 billion purchase of Waste Management Industries USA Inc. in 2018. The company has yet to turn a profit and has racked up debt to fuel those purchases -- C$6.5 billion, according to data compiled by Bloomberg.Bloomberg Intelligence analyst Scott Levine, said third-quarter results for waste-management companies “were fair, perhaps that plus the IPO brought investor attention to the group’s high valuations.”A sale of GFL to another waste-management company would be possible, said Levine, adding Republic Services Inc. would be a big enough and it would give the Phoenix-based company an entry into Canada. But it depends on how keen the sponsors are to cash out, he said.“The fact that they were willing to scrap the offering for a couple bucks below the range suggests they are price sensitive,” Levine said.The IPO was being led by JPMorgan Chase & Co., Bank of Montreal, Goldman Sachs Group Inc., Royal Bank of Canada and Bank of Nova Scotia. The shares had been expected to begin trading Thursday.(Updates with additional comments from analysts.)\--With assistance from David Scanlan and Divya Balji.To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Crystal Tse in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Republic Services (RSG) delivered earnings and revenue surprises of 7.06% and -1.78%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Generated Earnings of $0.93 Per Share and Adjusted Earnings of $0.91 Per Share, an 11% Increase Over the Prior Year - Revenue Growth Driven by Strong Pricing, Including Core Price of 4.7% and Average ...
Republic Services (RSG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PHOENIX, Oct. 22, 2019 /PRNewswire/ -- Republic Services, Inc. (RSG) is the only recycling and waste services company to be certified as a Great Place to Work in 2019. Great Place to Work is the global authority on workplace culture, working with companies around the world to build a high-trust, high-performance culture that drives better business performance. "At Republic Services, we value and respect our people and their hard work," said Donald W. Slager, chief executive officer. The results also confirm that seven of 10 employees have a consistently positive experience working at Republic.
More Than 3,100 Vehicles Will Run on Alternative Fuels by the End of 2019 PHOENIX , Oct. 17, 2019 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today the continued expansion of its natural ...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...