Rollins (NYSE:ROL) Issues Earnings Results

Rollins (NYSE:ROL) posted its quarterly earnings results on Wednesday. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01), Briefing.com reports. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Rollins Stock Down 6.6 %

Shares of ROL stock traded down $3.27 during trading hours on Thursday, reaching $46.48. 3,469,122 shares of the company’s stock were exchanged, compared to its average volume of 1,697,765. The stock has a market cap of $22.51 billion, a PE ratio of 49.45 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average price is $49.93 and its two-hundred day moving average price is $48.12. Rollins has a 1 year low of $33.58 and a 1 year high of $51.96.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is currently 63.83%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ROL. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.80.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,056 shares of company stock worth $698,347 in the last three months. Corporate insiders own 4.69% of the company’s stock.

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.