Rollins, Inc. (NYSE:ROL) Announces $0.18 Quarterly Dividend

Rollins, Inc. (NYSE:ROL) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Wednesday, February 25th will be paid a dividend of 0.1825 per share by the business services provider on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 25th.

Rollins has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Rollins has a payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rollins to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 59.8%.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.40 during trading on Friday, hitting $62.92. 138,542 shares of the stock were exchanged, compared to its average volume of 2,026,837. The company has a market capitalization of $30.49 billion, a price-to-earnings ratio of 58.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. Rollins has a 1-year low of $48.17 and a 1-year high of $63.56. The company’s fifty day simple moving average is $60.52 and its 200-day simple moving average is $58.25.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts expect that Rollins will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

ROL has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Rollins from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Rollins in a report on Tuesday, December 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $64.00 price target on shares of Rollins in a research report on Thursday, October 30th. Finally, Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.67.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.