Rentokil Initial (LON:RTO) Issues Quarterly Earnings Results

Rentokil Initial (LON:RTO) posted its earnings results on Thursday. The company reported GBX 21.25 ($0.27) earnings per share (EPS) 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 Stock Down 9.2 %

Rentokil Initial stock traded down GBX 35.80 ($0.46) during midday trading on Thursday, reaching GBX 352.20 ($4.54). The stock had a trading volume of 34,520,391 shares, compared to its average volume of 19,313,609. Rentokil Initial has a 1-year low of GBX 336.30 ($4.33) and a 1-year high of GBX 517.60 ($6.67). 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 firm’s fifty day simple moving average is GBX 395.15 and its 200-day simple moving average is GBX 407.91. The stock has a market capitalization of £8.82 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.56 and a beta of 0.55.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their target price 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.

Insider Buying and Selling

In related news, insider Brian Baldwin purchased 7,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of GBX 413 ($5.32) per share, for a total transaction of £30,975,000 ($39,926,527.46). 0.32% of the stock is currently owned by corporate 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.