Rollins (NYSE:ROL) Shares Break Below Fifty Day Moving Average – What’s Next?

Rollins, Inc. (NYSE:ROL)’s share price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $33.59 and traded as low as $33.26. Rollins shares last traded at $33.4350, with a volume of 5,248,187 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROL. Argus downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Canaccord Genuity Group set a $33.00 price target on Rollins and gave the company a “hold” rating in a research report on Friday, October 23rd. Morgan Stanley dropped their price target on Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. UBS Group lifted their price target on Rollins from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Citigroup cut their price objective on Rollins from $46.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Rollins has an average rating of “Hold” and a consensus price target of $40.82.

Rollins Price Performance

The business’s fifty day moving average is $33.59 and its 200-day moving average is $47.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.58. The firm has a market cap of $15.98 billion, a PE ratio of 30.67, a P/E/G ratio of 3.91 and a beta of 0.73.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, research analysts predict that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.1825. Rollins’s dividend payout ratio (DPR) is 73.39%.

Institutional Investors Weigh In On Rollins

Hedge funds have recently modified their holdings of the stock. Americana Partners LLC bought a new position in Rollins during the third quarter valued at $319,000. Pinnacle Wealth Planning Services Inc. increased its position in Rollins by 137.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock worth $37,000 after buying an additional 716 shares during the last quarter. Convergence Financial LLC purchased a new stake in Rollins in the third quarter worth $549,000. Asset Management One Co. Ltd. raised its stake in shares of Rollins by 83.8% in the third quarter. Asset Management One Co. Ltd. now owns 368,980 shares of the business services provider’s stock valued at $11,114,000 after buying an additional 168,261 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Rollins by 196.4% in the third quarter. Oppenheimer & Co. Inc. now owns 41,316 shares of the business services provider’s stock valued at $1,244,000 after buying an additional 27,378 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.