Rollins (NYSE:ROL) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Rollins (NYSE:ROL) posted its quarterly earnings results on Wednesday. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02), FiscalAI reports. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.77% and a return on equity of 38.37%.

Rollins Price Performance

Rollins stock traded down $0.31 during midday trading on Wednesday, hitting $43.55. 6,467,979 shares of the company’s stock were exchanged, compared to its average volume of 3,561,630. The company has a market cap of $20.97 billion, a P/E ratio of 39.96, a PEG ratio of 2.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $54.12. Rollins has a 52-week low of $41.50 and a 52-week high of $66.14.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.73 annualized dividend and a yield of 1.7%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. UBS Group set a $50.00 target price on Rollins in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Weiss Ratings cut Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company set a $46.00 price objective on Rollins and gave the stock an “equal weight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.87.

Institutional Trading of Rollins

A number of large investors have recently modified their holdings of ROL. State Street Corp raised its stake in Rollins by 4.7% in the fourth quarter. State Street Corp now owns 12,850,361 shares of the business services provider’s stock valued at $771,279,000 after purchasing an additional 575,946 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Rollins by 8.2% in the 4th quarter. Invesco Ltd. now owns 6,089,189 shares of the business services provider’s stock worth $365,473,000 after buying an additional 461,869 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Rollins by 0.5% in the 3rd quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock worth $169,522,000 after buying an additional 15,133 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Rollins by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,764,772 shares of the business services provider’s stock valued at $165,951,000 after buying an additional 70,183 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Rollins by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,250,021 shares of the business services provider’s stock valued at $135,046,000 after buying an additional 64,685 shares in the last quarter. Institutional investors 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.