Terminix Global Holdings, Inc. (NYSE:TMX) Expected to Post Q2 2022 Earnings of $0.60 Per Share

Terminix Global Holdings, Inc. (NYSE:TMX – Get Rating) – Equities research analysts at Oppenheimer increased their Q2 2022 earnings per share (EPS) estimates for shares of Terminix Global in a research report issued on Thursday, May 5th. Oppenheimer analyst I. Zaffino now forecasts that the technology company will post earnings of $0.60 per share for the quarter, up from their previous forecast of $0.51. Oppenheimer also issued estimates for Terminix Global’s Q3 2022 earnings at $0.50 EPS and Q4 2022 earnings at $0.26 EPS.

Terminix Global (NYSE:TMX – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $496.00 million for the quarter, compared to analyst estimates of $492.08 million. Terminix Global had a net margin of 5.70% and a return on equity of 7.56%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS.

Several other research firms have also recently commented on TMX. William Blair cut shares of Terminix Global from an “outperform” rating to a “market perform” rating in a research report on Monday, January 10th. Morgan Stanley reduced their price target on shares of Terminix Global from $52.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, March 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Terminix Global currently has a consensus rating of “Hold” and an average price target of $47.00.

TMX opened at $43.99 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.01 and a quick ratio of 0.93. Terminix Global has a 1-year low of $36.30 and a 1-year high of $53.33. The business has a 50-day moving average of $44.68. The company has a market cap of $5.34 billion, a P/E ratio of 47.30 and a beta of 0.73.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IndexIQ Advisors LLC bought a new position in shares of Terminix Global during the 1st quarter worth about $9,798,000. GAM Holding AG acquired a new stake in Terminix Global in the 1st quarter valued at about $976,000. Formidable Asset Management LLC increased its position in Terminix Global by 6.6% in the 1st quarter. Formidable Asset Management LLC now owns 7,708 shares of the technology company’s stock valued at $352,000 after acquiring an additional 480 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in Terminix Global in the 1st quarter valued at about $220,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of Terminix Global by 1.3% in the 1st quarter. DAVENPORT & Co LLC now owns 29,655 shares of the technology company’s stock valued at $1,353,000 after purchasing an additional 379 shares during the last quarter. 97.75% of the stock is owned by institutional investors and hedge funds.

Terminix Global Company Profile (Get Rating)

Terminix Global Holdings, Inc provides residential and commercial termite and pest management services. The company offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with termite damage repair guarantees, periodic pest management services, insulation services, crawlspace encapsulation, wildlife exclusion, and disinfection services.

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