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Atlanta, Georgia-based Rollins, Inc. provides pest and wildlife control services to residential and commercial customers in the United States and internationally. Commanding a market cap of $24.9 billion, Rollins offers pest control services to residential properties, protecting from common pests, including rodents, insects, and wildlife.
Companies worth $10 billion or more are generally described as "large-cap stocks," Rollins fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the consumer discretionary sector.
Rollins touched its all-time high of $51.90 on Sept. 17 before slightly pulling back. ROL has gained 1% over the past three months, lagging behind iShares US Consumer Discretionary ETF’s 5.6% gains during the same time frame.
Over the longer time frame, Rollins has substantially outperformed IYC. ROL gained 31.5% over the past 52 weeks and 15.1% in 2024, outpacing IYC’s 22.2% gains over the past year and 12.8% returns on a YTD basis.
To confirm the bullish trend, ROL has consistently traded above its 200-day moving average since mid-November 2023 and mostly above its 50-day moving average since late October 2023 with some fluctuations.
Despite reporting impressive Q2 earnings, shares of Rollins dipped 6.5% after its earnings release on Jul. 24. The company reported a robust 8.7% year-over-year revenue growth to $891.9 million. Its net income grew by 17.5%, totaling $129.4 million. The company also saw a 1.1% net margin expansion to 14.5%. However, the company saw a 1.6% decline in operating cash flows, falling to $145.2 million, and a 3% decline in free cash flow, falling to $136.4 million, which might have raised concerns among the investors.
Rollins’ competitor, Rentokil Initial plc , has underperformed ROL over the past year. RTO declined 34.5% over the past year and 15.4% in 2024.
Among the nine analysts covering the ROL stock, the consensus rating is a “Moderate Buy.” Although ROL is trading above its mean price target of $49.75, the Street-high target of $54 represents a potential upside of 7.5% from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
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Photo by Lutsenko_Oleksandr on Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the “Fear” zone on Wednesday.
U.S. stocks settled higher on Wednesday, following the release of inflation data. U.S. annual inflation rate eased for a fifth straight month to 2.5% in August from 2.9% in the previous month, and down from market estimates of 2.6%.
Shares of NVIDIA Corporation gained around 8.2%, while Advanced Micro Devices, Inc. shares added around 4.9% during the session. Shares of Rentokil Initial plc dipped 21% after the company revised the guidance for the second half of FY24.
Most sectors on the S&P 500 closed on a positive note, with communication services, information technology and consumer discretionary stocks recording the biggest gains on Wednesday. However, energy and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 125 points to 40,861.71 on Wednesday. The S&P 500 rose 1.07% to 5,554.13, while the Nasdaq Composite jumped 2.17% at 17,395.53 during Wednesday's session.
Investors are awaiting earnings results from The Kroger Co. , Signet Jewelers Limited and Adobe Inc. today.
What is CNN Business Fear & Greed Index?
At a current reading of 43.1, the index remained in the “Fear” zone on Wednesday, versus a prior reading of 38.5.
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.
In corporate news, Rentokil Initial shares tumbled 21% after the company cut its North American organic revenue growth guidance to 1% in H2.
McDonald's is launching ordering terminals in the US that accept cash and give back change, Bloomberg reported Wednesday. The fast food giant's shares were shedding 0.5%.
BurgerFi International filed for Chapter 11 bankruptcy protection that will involve only the 67 corporate-owned locations of its brands. The shares sank 22%.
Designer Brands shares slid 13% after the company reported lower results for fiscal Q2 and cut its outlook for fiscal 2024.
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