Rollins, Inc. (NYSE:ROL) Increases Dividend to $0.17 Per Share

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.165 per share by the business services provider on Tuesday, December 10th. This represents a $0.66 annualized dividend and a yield of 1.33%. This is a positive change from Rollins’s previous quarterly dividend of $0.15.

Rollins has increased its dividend payment by an average of 31.0% annually over the last three years. Rollins has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 54.5%.

Rollins Trading Down 0.6 %

Shares of NYSE:ROL traded down $0.31 during trading on Tuesday, reaching $49.53. The company’s stock had a trading volume of 806,851 shares, compared to its average volume of 1,690,164. The firm’s 50 day simple moving average is $49.93 and its two-hundred day simple moving average is $48.09. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins has a 12 month low of $32.91 and a 12 month high of $51.96. The stock has a market capitalization of $23.99 billion, a PE ratio of 53.02 and a beta of 0.70.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, research analysts predict that Rollins will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

ROL has been the subject of several analyst reports. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 $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 SEC, which is available through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $224,084.52. Following the completion of the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,056 shares of company stock valued at $698,347. Company insiders own 4.69% of the company’s stock.

Rollins Company Profile

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.