William Blair Equities Analysts Boost Earnings Estimates for Rollins, Inc. (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) – Stock analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Rollins in a research report issued to clients and investors on Thursday, April 25th. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings of $0.99 per share for the year, up from their previous estimate of $0.97. The consensus estimate for Rollins’ current full-year earnings is $1.00 per share. William Blair also issued estimates for Rollins’ FY2025 earnings at $1.08 EPS.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $748.35 million during the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS.

A number of other equities research analysts have also recently commented on ROL. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group reiterated a “neutral” rating and set a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. The Goldman Sachs Group assumed coverage on Rollins in a research note on Tuesday, January 2nd. They set a “buy” rating and a $49.00 target price on the stock. Morgan Stanley raised their price objective on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Rollins Stock Up 1.4 %

NYSE ROL opened at $44.90 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.72. Rollins has a 52 week low of $32.19 and a 52 week high of $47.45. The stock has a fifty day moving average of $44.54 and a 200-day moving average of $42.15. The stock has a market capitalization of $21.76 billion, a P/E ratio of 50.45, a price-to-earnings-growth ratio of 3.48 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Rollins during the fourth quarter valued at about $256,862,000. Vanguard Group Inc. increased its position in shares of Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after acquiring an additional 5,041,371 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 40.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after acquiring an additional 2,682,017 shares in the last quarter. APG Asset Management US Inc. bought a new stake in Rollins in the 4th quarter worth approximately $77,075,000. Finally, TD Asset Management Inc grew its position in Rollins by 217.3% in the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after purchasing an additional 1,690,668 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,824 shares of company stock valued at $994,558. Corporate insiders own 4.69% of the company’s stock.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, May 9th. Rollins’s dividend payout ratio is currently 67.42%.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.