Why Rollins Stock Bugged the Market Today
Shares of North America's leading pest control company, (NYSE: ROL), dropped 6% as of 2:30 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
Despite growing sales by 9% and earnings per share (EPS) by 27% in the second quarter of 2024, the company's share price slid as it fell $3 million short of analysts' revenue expectation of $892 million.
While missing analysts' expectations by this small of a margin may seem laughable, the market's reaction makes more sense when you consider that Rollins still trades at 44 times free cash flow (FCF). Operating in a recession-resilient pest control industry and bolstered by a track record of 20 consecutive years of sales growth, Rollins' stock remains priced for perfection.
Source Fool.com
Rollins Inc. Stock
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Rollins Inc..
With a target price of 47 € there is a slightly positive potential of 11.08% for Rollins Inc. compared to the current price of 42.31 €.
