Rollins (NYSE:ROL) Announces Quarterly Earnings Results, Meets Expectations

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

Rollins Price Performance

Shares of ROL opened at $50.07 on Thursday. Rollins has a one year low of $40.41 and a one year high of $52.16. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 52.16 and a beta of 0.76. The stock’s fifty day moving average is $47.99 and its 200-day moving average is $48.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on ROL. UBS Group upped their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity Group began coverage on shares of Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.50.

Insider Buying and Selling

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is owned by corporate insiders.

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.