Rollins Inc. (ROL) Sees Strong Trading Volume
Rollins Inc. (NYSE:ROL) shares saw unusually-strong trading volume on Tuesday . Approximately 1,223,072 shares were traded during mid-day trading, an increase of 177% from the previous session’s volume of 440,826 shares.The stock last traded at $29.09 and had previously closed at $28.99.
A number of analysts recently commented on ROL shares. Nomura lifted their price objective on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Saturday, July 30th.
The company has a 50 day moving average price of $28.36 and a 200 day moving average price of $28.00. The stock has a market capitalization of $6.31 billion, a PE ratio of 40.39 and a beta of 0.52.
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Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $411.10 million for the quarter, compared to the consensus estimate of $415.60 million. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Equities research analysts anticipate that Rollins Inc. will post $0.76 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Rollins’s payout ratio is 54.80%.
Hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its stake in Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock worth $169,000 after buying an additional 2,446 shares during the last quarter. S. Muoio & CO. LLC bought a new stake in Rollins during the first quarter worth $203,000. CIBC Asset Management Inc bought a new stake in Rollins during the second quarter worth $204,000. Franklin Resources Inc. bought a new stake in Rollins during the second quarter worth $205,000. Finally, Stephens Inc. AR bought a new stake in Rollins during the second quarter worth $207,000. Hedge funds and other institutional investors own 35.61% of the company’s stock.
Rollins, Inc is a service company, which provides pest and termite control services. The Company 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 and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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