Royal Bank of Canada initiated coverage on shares of Rollins (NYSE:ROL) in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The brokerage issued a sector perform rating and a $34.00 price objective on the business services provider’s stock.
ROL has been the topic of several other research reports. Zacks Investment Research raised shares of Rollins from a sell rating to a hold rating and set a $37.00 target price on the stock in a report on Monday, July 29th. Stifel Nicolaus lowered shares of Rollins from a hold rating to a sell rating and lowered their target price for the stock from $36.50 to $25.00 in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $35.87.
ROL opened at $35.17 on Tuesday. The firm’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $36.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.77. Rollins has a twelve month low of $31.36 and a twelve month high of $43.91. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 49.54 and a beta of 0.34.
Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Rollins had a net margin of 11.99% and a return on equity of 31.43%. The business had revenue of $524.00 million for the quarter, compared to analyst estimates of $523.88 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rollins will post 0.72 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Riverbridge Partners LLC grew its holdings in Rollins by 1.3% during the 3rd quarter. Riverbridge Partners LLC now owns 2,123,986 shares of the business services provider’s stock worth $72,364,000 after acquiring an additional 27,928 shares during the last quarter. Alpine Group USVI LLC bought a new stake in Rollins during the 3rd quarter worth about $1,344,000. Pacer Advisors Inc. grew its holdings in Rollins by 10.8% during the 3rd quarter. Pacer Advisors Inc. now owns 15,413 shares of the business services provider’s stock worth $525,000 after acquiring an additional 1,503 shares during the last quarter. We Are One Seven LLC grew its holdings in Rollins by 21.9% during the 3rd quarter. We Are One Seven LLC now owns 15,746 shares of the business services provider’s stock worth $536,000 after acquiring an additional 2,833 shares during the last quarter. Finally, RB Capital Management LLC grew its holdings in Rollins by 2.8% during the 3rd quarter. RB Capital Management LLC now owns 20,091 shares of the business services provider’s stock worth $688,000 after acquiring an additional 547 shares during the last quarter. 42.16% of the stock is currently owned by hedge funds and other institutional investors.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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