Rollins (NYSE:ROL) Sets New 12-Month Low – Here’s What Happened

Shares of Rollins, Inc. (NYSE:ROL) reached a new 52-week low during trading on Monday . The stock traded as low as $42.58 and last traded at $42.3280, with a volume of 786248 shares. The stock had previously closed at $43.27.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROL shares. Canaccord Genuity Group set a $51.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. Loop Capital initiated coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective on the stock. Rothschild & Co Redburn set a $66.00 price target on Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. UBS Group lifted their target price on Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company set a $46.00 price objective on shares of Rollins and gave the stock an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.07.

Rollins Stock Performance

The business’s fifty day simple moving average is $50.61 and its 200-day simple moving average is $56.06. The firm has a market cap of $20.24 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 2.66 and a beta of 0.73. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, May 11th. Rollins’s payout ratio is 66.97%.

Institutional Trading of Rollins

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. DV Equities LLC acquired a new stake in shares of Rollins during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC raised its holdings in shares of Rollins by 528.4% during the fourth 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 during the last quarter. Board of the Pension Protection Fund purchased a new position in Rollins during the 4th quarter worth approximately $30,000. Torren Management LLC acquired a new stake in Rollins during the fourth quarter worth about $36,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Rollins during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

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.