We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Terminix Global Holdings, Inc. (TMX) Soars 7.2%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Terminix Global Holdings, Inc. shares ended the last trading session 7.2% higher at $43.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.9% loss over the past four weeks.
Terminix Global Holdings appreciated following its update that the required antitrust process in the United States for its pending merger with Rentokil Initial plc received clearance — satisfying one of the main conditions for the completion of the deal.
On Dec 14, 2021, both the parties had entered into an agreement under which Rentokil Initial will acquire Terminix for stock. On Mar 14, 2022, the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired, thereby completing the necessary antitrust process in the United States.
However, a number of other conditions still remain to be fulfilled. These include shareholder approval of both the companies, the registration of Rentokil’s American Depository Shares (“ADSs’”) and their listing on the New York Stock Exchange. The merger is expected to close by the end of the third quarter of 2022.
This deal will bring together two complementary businesses and create a global leader in pest control and hygiene & wellbeing, and the leader in the pest control business in North America — the world’s largest pest control market. The business will have a strong platform for growth, particularly in North America, and an attractive financial profile.
This company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +10%. Revenues are expected to be $490.86 million, up 4.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Terminix Global Holdings, Inc., the consensus EPS estimate for the quarter has been revised 10.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TMX going forward to see if this recent jump can turn into more strength down the road.
Terminix Global Holdings, Inc. is a member of the Zacks Industrial Services industry. One other stock in the same industry, Hudson Technologies (HDSN - Free Report) , finished the last trading session 4.3% higher at $5.88. HDSN has returned 58.4% over the past month.
For Hudson Tech, the consensus EPS estimate for the upcoming report has changed +300% over the past month to $0.08. This represents a change of +500% from what the company reported a year ago. Hudson Tech currently has a Zacks Rank of #2 (Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Terminix Global Holdings, Inc. (TMX) Soars 7.2%: Is Further Upside Left in the Stock?
Terminix Global Holdings, Inc. shares ended the last trading session 7.2% higher at $43.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.9% loss over the past four weeks.
Terminix Global Holdings appreciated following its update that the required antitrust process in the United States for its pending merger with Rentokil Initial plc received clearance — satisfying one of the main conditions for the completion of the deal.
On Dec 14, 2021, both the parties had entered into an agreement under which Rentokil Initial will acquire Terminix for stock. On Mar 14, 2022, the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired, thereby completing the necessary antitrust process in the United States.
However, a number of other conditions still remain to be fulfilled. These include shareholder approval of both the companies, the registration of Rentokil’s American Depository Shares (“ADSs’”) and their listing on the New York Stock Exchange. The merger is expected to close by the end of the third quarter of 2022.
This deal will bring together two complementary businesses and create a global leader in pest control and hygiene & wellbeing, and the leader in the pest control business in North America — the world’s largest pest control market. The business will have a strong platform for growth, particularly in North America, and an attractive financial profile.
This company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +10%. Revenues are expected to be $490.86 million, up 4.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Terminix Global Holdings, Inc., the consensus EPS estimate for the quarter has been revised 10.3% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on TMX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Terminix Global Holdings, Inc. is a member of the Zacks Industrial Services industry. One other stock in the same industry, Hudson Technologies (HDSN - Free Report) , finished the last trading session 4.3% higher at $5.88. HDSN has returned 58.4% over the past month.
For Hudson Tech, the consensus EPS estimate for the upcoming report has changed +300% over the past month to $0.08. This represents a change of +500% from what the company reported a year ago. Hudson Tech currently has a Zacks Rank of #2 (Buy).