Zacks Research Estimates Rollins’ FY2024 Earnings (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) – Zacks Research lowered their FY2024 earnings per share estimates for Rollins in a research note issued on Wednesday, November 13th. Zacks Research analyst A. Bose now expects that the business services provider will earn $0.99 per share for the year, down from their previous estimate of $1.00. The consensus estimate for Rollins’ current full-year earnings is $0.99 per share. Zacks Research also issued estimates for Rollins’ Q4 2025 earnings at $0.28 EPS.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Wells Fargo & Company upped their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.83.

Rollins Trading Down 2.3 %

ROL opened at $50.13 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.28 billion, a P/E ratio of 52.22 and a beta of 0.70. Rollins has a 52 week low of $38.95 and a 52 week high of $52.16. The business has a fifty day simple moving average of $49.56 and a 200-day simple moving average of $48.63.

Institutional Trading of Rollins

Hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Rollins by 185.0% in the second quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after purchasing an additional 249,860 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Rollins by 4,697.4% in the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after buying an additional 317,353 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Rollins in the second quarter valued at approximately $13,580,000. UniSuper Management Pty Ltd grew its holdings in Rollins by 501.9% during the first quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 19,596 shares during the period. Finally, Comerica Bank raised its position in Rollins by 23.7% in the first quarter. Comerica Bank now owns 142,496 shares of the business services provider’s stock worth $6,593,000 after acquiring an additional 27,301 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio is 68.75%.

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.