Rollins (NYSE:ROL) Issues Quarterly Earnings Results

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

Rollins Stock Up 0.1 %

Shares of Rollins stock traded up $0.06 during trading on Friday, hitting $46.54. 1,660,706 shares of the stock traded hands, compared to its average volume of 1,697,586. The stock has a market cap of $22.54 billion, a P/E ratio of 49.51 and a beta of 0.70. The company has a fifty day moving average price of $49.89 and a two-hundred day moving average price of $48.13. Rollins has a twelve month low of $35.54 and a twelve month high of $51.96. 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 Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. Rollins’s dividend payout ratio (DPR) is 63.83%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROL. 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 note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.80.

Insider Buying and Selling

In other Rollins 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 value of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. The trade was 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 4,686 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,056 shares of company stock worth $698,347. Insiders own 4.69% of the company’s stock.

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.