Rollins, Inc. (NYSE:ROL) Announces $0.18 Quarterly Dividend

Rollins, Inc. (NYSE:ROL) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, May 11th will be paid a dividend of 0.1825 per share by the business services provider on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, May 11th.

Rollins has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Rollins has a payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Rollins to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 52.5%.

Rollins Stock Up 1.2%

NYSE:ROL traded up $0.67 during midday trading on Wednesday, hitting $55.38. 3,731,048 shares of the company were exchanged, compared to its average volume of 3,002,127. Rollins has a fifty-two week low of $51.77 and a fifty-two week high of $66.14. The company has a market capitalization of $26.69 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 3.39 and a beta of 0.84. The company has a current ratio of 0.60, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $56.41 and a 200 day simple moving average of $58.69.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $906.42 million during the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a return on equity of 38.16% and a net margin of 14.00%. As a group, equities analysts anticipate that Rollins will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America assumed coverage on Rollins in a research report on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Morgan Stanley set a $70.00 target price on Rollins in a report on Friday, February 13th. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company set a $56.00 price target on Rollins and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rollins presently has an average rating of “Moderate Buy” and a consensus target price of $64.86.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.