Rollins (NYSE:ROL) Sets New 1-Year Low – Here’s Why

Rollins, Inc. (NYSE:ROL) reached a new 52-week low on Monday . The company traded as low as $44.09 and last traded at $44.3310, with a volume of 86570 shares traded. The stock had previously closed at $44.96.

Analysts Set New Price Targets

Several research firms recently issued reports on ROL. Rothschild & Co Redburn set a $66.00 target price on Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Loop Capital initiated coverage on Rollins in a report on Monday, April 13th. They issued a “hold” rating and a $56.00 price target on the stock. Wells Fargo & Company dropped their price target on Rollins from $58.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Sanford C. Bernstein lowered shares of Rollins from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $70.00 to $52.00 in a report on Friday, May 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $67.00 price objective on shares of Rollins in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $63.71.

Rollins Trading Down 1.2%

The stock has a market cap of $21.38 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.77 and a beta of 0.73. The stock has a 50-day moving average price of $51.70 and a two-hundred day moving average price of $56.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.65 and a quick ratio of 0.59.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $906.42 million for the quarter, compared to the consensus estimate of $895.17 million. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. Sell-side analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a $0.1825 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a yield of 1.6%. Rollins’s payout ratio is presently 66.97%.

Institutional Investors Weigh In On Rollins

A number of hedge funds have recently bought and sold shares of ROL. DV Equities LLC bought a new position in Rollins during the fourth quarter valued at $25,000. Cornerstone Planning Group LLC raised its position in shares of Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Rollins during the 4th quarter valued at about $30,000. Torren Management LLC bought a new position in shares of Rollins in the 4th quarter valued at about $36,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Rollins in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

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.