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 11 Buy predictions and not the single Sell prediction the community is currently very high on Rollins Inc..
With a target price of 46 € there is a slightly positive potential of 4.83% for Rollins Inc. compared to the current price of 43.88 €.
