Why Rollins Stock Was Up This Week
Week to date, shares of (NYSE: ROL) were up 11% as of 12:36 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. The pest control services company reported a 15% year-over-year increase in revenue for the third quarter, which exceeded Wall Street's expectations. Adjusted revenue increased by 8%.
The post-earnings jump helped the stock narrow its recent performance gap with the broader market. Rollins shares have returned about 50% over the last five years compared to the S 500's return of 70%.
Rollins serves a fragmented market. This is helping the company deliver double-digit percentage top-line growth in a challenging macro environment. Management is seeing strength in the pest control market that led to consistent growth in the mid-teens percentages in each month of the third quarter.
Source Fool.com
Rollins Inc. Stock
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 55 € there is a hugely positive potential of 67.07% for Rollins Inc. compared to the current price of 32.92 €.
