Rollins Set To Leverage Technology Initiatives For Margin Expansion In FY23: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Ashish Sabadra has reiterated an Outperform rating on Rollins, Inc. (NYSE:ROL), raising the price target to $52 from $45. Sabadra expects a solid Q2 with revenue slightly above consensus, and predicts that ROL will focus on improving SG&A efficiency and technology initiatives to drive margin expansion in FY23. The analyst also raised the Q2 residential revenue estimate and the FY23 revenue estimate.
July 13, 2023 | 4:51 pm
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RBC Capital Markets analyst expects solid Q2 for Rollins, Inc. and predicts margin expansion in FY23 due to technology initiatives.
The analyst's positive outlook and raised price target for Rollins, Inc. indicates a potential increase in the company's stock price. The expected solid Q2 results and margin expansion in FY23 due to technology initiatives could attract more investors, driving the stock price up.
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