Rollins (NYSE:ROL) Hits New 52-Week Low – What’s Next?

Rollins, Inc. (NYSE:ROLGet Free Report) hit a new 52-week low on Monday . The company 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Loop Capital started coverage on Rollins in a report on Monday, April 13th. They set a “hold” rating and a $56.00 price objective for the company. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the stock a “buy” rating in a research report on Monday, April 27th. Wells Fargo & Company set a $46.00 price objective on Rollins and gave the company an “equal weight” rating in a research report on Thursday. Sanford C. Bernstein cut Rollins from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $70.00 to $52.00 in a report on Friday, May 29th. Finally, Canaccord Genuity Group set a $51.00 target price on Rollins and gave the company a “hold” rating in a research report on Friday, April 24th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.07.

Read Our Latest Research Report on Rollins

Rollins Price Performance

The business has a fifty day simple moving average of $50.61 and a 200 day simple moving average of $56.06. The stock has a market capitalization 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:ROLGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $906.42 million for the quarter, compared to analysts’ expectations of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts expect that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ROL. LRI Investments LLC lifted its holdings in Rollins by 8.7% in the fourth quarter. LRI Investments LLC now owns 2,293 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 183 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Rollins by 1.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,365 shares of the business services provider’s stock worth $874,000 after acquiring an additional 183 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Rollins by 0.3% in the 1st quarter. IFM Investors Pty Ltd now owns 57,895 shares of the business services provider’s stock valued at $3,092,000 after purchasing an additional 185 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in Rollins by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,875 shares of the business services provider’s stock worth $773,000 after acquiring an additional 200 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Rollins by 3.9% during the 4th quarter. Inspire Investing LLC now owns 5,457 shares of the business services provider’s stock worth $328,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

About Rollins

(Get Free Report)

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.

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