Rollins (NYSE:ROL) Price Target Raised to $30.00

Rollins (NYSE:ROL) had its price objective hoisted by Wells Fargo & Company from $26.00 to $30.00 in a report published on Monday,Benzinga reports. They currently have an underweight rating on the business services provider’s stock.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley reduced their price objective on Rollins from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Bank of America cut Rollins from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $35.00 in a research note on Thursday, July 23rd. UBS Group upped their target price on Rollins from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. The Goldman Sachs Group set a $42.00 target price on Rollins in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Rollins from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.56.

Rollins Trading Down 0.0%

NYSE ROL opened at $38.42 on Monday. The firm’s 50 day moving average price is $33.77 and its two-hundred day moving average price is $46.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. Rollins has a twelve month low of $29.28 and a twelve month high of $66.14. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 4.35 and a beta of 0.73.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities analysts anticipate that Rollins will post 1.14 EPS for the current 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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Rollins’s previous quarterly dividend of $0.1825. The ex-dividend date of this dividend is Tuesday, November 10th. Rollins’s dividend payout ratio (DPR) is currently 73.39%.

Institutional Trading of Rollins

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Rollins during the 3rd quarter worth about $2,882,000. GW&K Investment Management LLC grew its stake in shares of Rollins by 110.9% in the 3rd quarter. GW&K Investment Management LLC now owns 3,303 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,737 shares in the last quarter. OneAscent Financial Services LLC grew its stake in shares of Rollins by 32.0% in the 3rd quarter. OneAscent Financial Services LLC now owns 7,674 shares of the business services provider’s stock valued at $231,000 after buying an additional 1,860 shares in the last quarter. Voya Investment Management LLC increased its holdings in Rollins by 796.4% in the third quarter. Voya Investment Management LLC now owns 605,348 shares of the business services provider’s stock worth $18,233,000 after buying an additional 537,814 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Rollins by 1.7% in the third quarter. Public Sector Pension Investment Board now owns 49,059 shares of the business services provider’s stock worth $1,576,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Key Headlines Impacting Rollins

Here are a few of the latest headlines about ROL:

• Positive Sentiment: Citigroup upgraded Rollins, adding a positive analyst signal. Rollins Stock Rating Upgraded by Citigroup
• Positive Sentiment: Wells Fargo reportedly forecast strong price appreciation for Rollins, indicating confidence in the stock’s upside. Wells Fargo Forecasts Strong Price Appreciation for Rollins
• Negative Sentiment: Coverage revisited whether Rollins’ bull case survives an earnings miss: EPS matched expectations at $0.34, but revenue of $1.09 billion fell short of the $1.11 billion estimate, despite 6.2% year-over-year growth. The revenue shortfall may temper the bullish analyst outlook. Does Earnings Miss Change The Bull Case For Rollins?

Rollins Company Profile

Rollins, Inc. is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal. The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.