Rentokil Initial (LON:RTO) Releases Quarterly Earnings Results

Rentokil Initial (LON:RTO) announced its quarterly earnings results on Thursday. The company reported GBX 21.25 ($0.27) earnings per share for the quarter, Digital Look Earnings reports. Rentokil Initial had a return on equity of 9.50% and a net margin of 7.25%.

Rentokil Initial Trading Down 2.6 %

RTO stock opened at GBX 337.10 ($4.34) on Friday. The company has a current ratio of 1.04, a quick ratio of 1.76 and a debt-to-equity ratio of 113.35. Rentokil Initial has a 12-month low of GBX 328.10 ($4.23) and a 12-month high of GBX 517.60 ($6.67). The stock has a market cap of £8.44 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.56 and a beta of 0.55. The business’s 50-day moving average is GBX 394.15 and its 200 day moving average is GBX 407.10.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Rentokil Initial from GBX 440 ($5.67) to GBX 430 ($5.54) and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut their price target on Rentokil Initial from GBX 485 ($6.25) to GBX 465 ($5.99) and set a “buy” rating for the company in a research note on Friday.

Insider Buying and Selling

In other news, insider Brian Baldwin acquired 7,500,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of GBX 413 ($5.32) per share, for a total transaction of £30,975,000 ($39,916,237.11). 0.32% of the stock is currently owned by insiders.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.