Movement Alert｜Rollins Intraday Rise 5.02% in Regular Trading, Shares Rebound After Quarterly Results

Market Focus10-23

On October 23, Rollins rose 5.02% in Regular Trading, trading near $35.115 per share, with turnover of $255 million.

The move came after the company’s latest quarterly results were absorbed by the market, with shares rebounding following an initial earnings-driven selloff.

Rollins reported third-quarter adjusted EPS of $0.34, in line with market expectations but below $0.35 a year earlier, while revenue rose to $1.09 billion from $1.03 billion and missed the roughly $1.106 billion to $1.11 billion consensus range. Earlier, the earnings release had pressured the stock because revenue fell short of expectations and profit declined year over year. The company had also raised its quarterly dividend to $0.20 per share from $0.1825, but recent analyst target cuts, including reductions by Goldman Sachs to $42 from $49 and Bernstein to $35 from $42, indicate sentiment remains cautious despite the intraday rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment