Zacks Investment Research upgraded shares of Rollins, Inc. (NYSE:ROL) from a hold rating to a buy rating in a research note issued to investors on Saturday, July 29th. They currently have $48.00 price target on the business services provider’s stock.
According to Zacks, “Rollins Inc. provides services to both residential and commercial customers. The four primary services provided are termite and pest control, protective services, lawn care and plantscaping. Orkin Exterminating Company, Inc., a wholly owned subsidiary (Orkin), is one of the world’s largest termite and pest control companies. Rollins Protective Services, a division of the Registrant, is a pioneer in developing customized wired and wireless electronic security systems. “
A number of other brokerages have also issued reports on ROL. Instinet raised their price target on Rollins from $40.00 to $46.00 and gave the stock a buy rating in a research note on Thursday, May 25th. BidaskClub lowered Rollins from a strong-buy rating to a buy rating in a research note on Friday, June 23rd. Finally, Nomura reissued a buy rating and issued a $40.00 price target on shares of Rollins in a research note on Thursday, April 27th.
Rollins (NYSE ROL) opened at 43.65 on Friday. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 52.40 and a beta of 0.29. Rollins has a 12-month low of $27.95 and a 12-month high of $44.64. The stock’s 50 day moving average price is $42.42 and its 200 day moving average price is $39.64.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The business had revenue of $433.56 million for the quarter, compared to analyst estimates of $436.81 million. During the same quarter last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast that Rollins will post $0.86 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.05%. Rollins’s dividend payout ratio (DPR) is 55.42%.
Several large investors have recently made changes to their positions in the stock. TrimTabs Asset Management LLC increased its stake in shares of Rollins by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,669 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,728 shares during the last quarter. Neuburgh Advisers LLC increased its stake in shares of Rollins by 67.1% in the first quarter. Neuburgh Advisers LLC now owns 4,224 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,696 shares during the last quarter. First Quadrant L P CA increased its stake in shares of Rollins by 909.7% in the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock valued at $157,000 after buying an additional 3,475 shares during the last quarter. Sei Investments Co. increased its stake in shares of Rollins by 1,223.2% in the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock valued at $184,000 after buying an additional 4,159 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Rollins during the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 37.86% of the company’s stock.
Rollins Company Profile
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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