- Rentokil’s adjusted pretax profit for the first half of 2024 is GBP383 million.
- This met analyst expectations, which estimated the profit to be GBP379.8 million.
- The interim dividend per share is 3.16p, higher than the estimated 2.95p.
- Adjusted operating profit is GBP445 million, very close to the estimate of GBP444.8 million.
- Free cash flow was GBP172 million, slightly below the estimate of GBP175.6 million.
- The company reported revenue of GBP2.71 billion, just shy of the expected GBP2.72 billion.
- Investment ratings include 11 buys, 8 holds, and no sells.
Rentokil Initial on Smartkarma
On Smartkarma, independent analyst Jesus Rodriguez Aguilar has published a bullish insight on Rentokil Initial titled “Trapping the Royal Rat-Catcher“. The report discusses Philip Jansen’s potential takeover bid for Rentokil Initial, a prominent pest control company in the FTSE 100. Jansen aims to improve Rentokil’s performance in the US and strengthen its collaboration with Terminix, potentially leading to market consolidation. Rentokil, known for its global leadership in pest control and hygiene services, is set to announce its H1 results on 25 July, further adding to the positive sentiment of the analysis.
A look at Rentokil Initial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores assessment, Rentokil Initial is positioned for long-term growth and stability in the market. With above-average ratings in Growth and Momentum, the company shows promising potential for expanding its operations and maintaining a positive trajectory. While Value and Resilience scores are average, Rentokil Initial‘s strong Dividend score indicates favorable returns for investors seeking income from their investments. The company’s wide range of services, including pest control, hygiene, workwear, facilities, and plant management, contributes to its diversified portfolio and market presence.
Rentokil Initial plc, a provider of comprehensive facilities management and essential support services, caters to government and commercial organizations of all sizes and across various industries. Specializing in areas such as pest control, hygiene, workwear, and facility maintenance, Rentokil Initial is well-positioned to meet the evolving needs of its clients. With a solid foundation and a focus on growth and momentum, the company’s outlook appears positive for the long term, reflecting its commitment to delivering high-quality services and driving sustainable value for shareholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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