Rollins (NYSE:ROL) Posts Quarterly Earnings Results

Rollins (NYSE:ROL) posted its earnings results on Wednesday. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01), Briefing.com reports. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter in the prior year, the company earned $0.28 EPS. The company’s revenue was up 9.0% on a year-over-year basis.

Rollins Price Performance

ROL traded up $0.06 during trading on Friday, reaching $46.54. The stock had a trading volume of 1,653,054 shares, compared to its average volume of 1,697,586. The stock has a market cap of $22.54 billion, a PE ratio of 49.51 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. Rollins has a one year low of $35.54 and a one year high of $51.96. The business has a 50-day moving average of $49.89 and a 200-day moving average of $48.13.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 63.83%.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,056 shares of company stock valued at $698,347 over the last 90 days. 4.69% of the stock is owned by insiders.

Analyst Ratings Changes

ROL has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.80.

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.