BidaskClub upgraded shares of Rollins, Inc. (NYSE:ROL) from a hold rating to a buy rating in a research note released on Tuesday.
A number of other research analysts also recently issued reports on ROL. Zacks Investment Research raised Rollins from a hold rating to a buy rating and set a $48.00 price target on the stock in a report on Saturday, July 29th. Instinet upped their price target on Rollins from $40.00 to $46.00 and gave the company a buy rating in a report on Thursday, May 25th. Finally, Nomura reaffirmed a buy rating and set a $40.00 price target on shares of Rollins in a report on Thursday, April 27th.
Rollins (NYSE ROL) traded down 0.23% during midday trading on Tuesday, reaching $43.46. The company had a trading volume of 579,183 shares. The company has a 50-day moving average of $42.04 and a 200-day moving average of $39.32. The stock has a market capitalization of $9.47 billion, a PE ratio of 52.17 and a beta of 0.29. Rollins has a 12-month low of $27.84 and a 12-month high of $44.64.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $433.56 million for the quarter, compared to the consensus estimate of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, analysts predict that Rollins will post $0.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 8th. Rollins’s dividend payout ratio (DPR) is presently 55.42%.
A number of hedge funds have recently bought and sold shares of ROL. Reilly Herbert Faulkner III boosted its stake in Rollins by 1.0% in the first quarter. Reilly Herbert Faulkner III now owns 144,177 shares of the business services provider’s stock worth $5,353,000 after buying an additional 1,410 shares during the period. Benedict Financial Advisors Inc. boosted its stake in Rollins by 5.5% in the first quarter. Benedict Financial Advisors Inc. now owns 30,454 shares of the business services provider’s stock worth $1,131,000 after buying an additional 1,585 shares during the period. Shell Asset Management Co. purchased a new stake in Rollins during the first quarter worth approximately $363,000. Penobscot Investment Management Company Inc. boosted its stake in Rollins by 0.9% in the first quarter. Penobscot Investment Management Company Inc. now owns 11,782 shares of the business services provider’s stock worth $437,000 after buying an additional 110 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in Rollins by 67.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,808 shares of the business services provider’s stock worth $216,000 after buying an additional 2,332 shares during the period. Institutional investors own 37.97% of the company’s stock.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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