RBC Capital lowered the firm’s price target on Rollins (ROL) to $67 from $70 and keeps an Outperform rating on the shares. The company’s Q4 results missed estimates as the early cold snap suppressed one-time revenues, which contracted about 3% after growing 4% in the first 9 months, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROL:
- Wells Fargo downgrades Rollins to Equal Weight following quarterly results
- Rollins downgraded to Equal Weight from Overweight at Wells Fargo
- Closing Bell Movers: Cisco falls 7% after earnings
- Buy on Weakness: Viewing Rollins’ Rare Miss as a Long-Term Entry Opportunity in a Durable Pest Control Compounder
- Rollins reports Q4 adjusted EPS 25c, consensus 27c