William Blair analyst Tim Mulrooney has reiterated their bullish stance on ROL stock, giving a Buy rating today.
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Tim Mulrooney has given his Buy rating due to a combination of factors including Rollins’s strong financial performance in the second quarter. The company reported a 12% increase in revenue year-over-year, surpassing the consensus estimate, and an 11% rise in adjusted EPS, which aligned with expectations. Despite a slight shortfall in adjusted EBITDA compared to consensus, the overall performance was solid, especially when considering the impact of legacy auto claims.
Mulrooney also noted that Rollins’s organic revenue growth of 7.3% was consistent with management’s long-term targets, indicating stable growth potential. He believes that the company is strategically positioned to handle macroeconomic challenges and continue gaining market share. This positive outlook, combined with the expectation of improved margins in the latter half of the year, supports the Buy rating for Rollins’s stock.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $62.00 price target.