Rentokil Initial (LON:RTO) Announces Quarterly Earnings Results

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

Rentokil Initial Trading Down 2.0 %

Shares of Rentokil Initial stock opened at GBX 339.18 ($4.38) on Friday. Rentokil Initial has a 1 year low of GBX 328.10 ($4.24) and a 1 year high of GBX 517.60 ($6.69). The company has a debt-to-equity ratio of 113.35, a quick ratio of 1.76 and a current ratio of 1.04. The company has a market capitalization of £8.50 billion, a P/E ratio of 21.76, a PEG ratio of 0.56 and a beta of 0.55. The company’s fifty day moving average is GBX 393 and its two-hundred day moving average is GBX 406.22.

Insiders Place Their Bets

In other news, insider Brian Baldwin bought 7,500,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of GBX 413 ($5.34) per share, with a total value of £30,975,000 ($40,034,897.25). 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RTO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Rentokil Initial from GBX 485 ($6.27) to GBX 465 ($6.01) and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Rentokil Initial from GBX 440 ($5.69) to GBX 430 ($5.56) and set a “neutral” rating on the stock in a research report on Tuesday, January 14th.

Rentokil Initial Company Profile

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.