Rollins (NYSE:ROL) Issues Quarterly Earnings Results

Rollins (NYSE:ROL) released its quarterly earnings data on Wednesday. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23, Zacks reports. Rollins had a return on equity of 38.67% and a net margin of 14.18%.

Rollins Price Performance

ROL traded up $0.13 on Wednesday, hitting $50.07. 2,894,377 shares of the company’s stock were exchanged, compared to its average volume of 1,658,664. Rollins has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 52.16 and a beta of 0.76. The firm has a 50-day moving average price of $47.99 and a 200-day moving average price of $48.95. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. Rollins’s payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROL. Canaccord Genuity Group initiated coverage on Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price target for the company. Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley lifted their price target on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.50.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.69% of the company’s stock.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.