Rollins (NYSE:ROL) Releases Earnings Results, Misses Estimates By $0.02 EPS

Rollins (NYSE:ROLGet Free Report) posted its earnings results on Wednesday. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02), FiscalAI reports. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS.

Rollins Price Performance

Rollins stock opened at $43.55 on Thursday. The business’s 50-day simple moving average is $46.68 and its 200 day simple moving average is $54.01. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 2.69 and a beta of 0.75. Rollins has a 12-month low of $41.50 and a 12-month high of $66.14.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be issued a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Key Rollins News

Here are the key news stories impacting Rollins this week:

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ROL. State Street Corp grew its position in shares of Rollins by 4.7% during the 4th quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock worth $771,279,000 after buying an additional 575,946 shares during the period. Invesco Ltd. lifted its holdings in Rollins by 8.2% in the fourth quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock valued at $365,473,000 after buying an additional 461,869 shares during the period. Northern Trust Corp boosted its stake in Rollins by 0.5% in the third quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock valued at $169,522,000 after acquiring an additional 15,133 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Rollins by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,764,772 shares of the business services provider’s stock valued at $165,951,000 after acquiring an additional 70,183 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Rollins by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,250,021 shares of the business services provider’s stock worth $135,046,000 after acquiring an additional 64,685 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROL shares. UBS Group set a $50.00 price target on Rollins in a report on Wednesday, July 15th. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, April 27th. Loop Capital initiated coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 target price on the stock. Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. Finally, Morgan Stanley cut their price target on Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rollins presently has an average rating of “Hold” and a consensus price target of $56.93.

View Our Latest Research Report on ROL

Rollins Company Profile

(Get Free Report)

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.

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Earnings History for Rollins (NYSE:ROL)

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