Zacks Investment Research Downgrades Rollins Inc. (ROL) to Hold
Rollins Inc. (NYSE:ROL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
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. “
Separately, Nomura increased their target price on Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 7th.
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Shares of Rollins (NYSE:ROL) traded down 0.24% during midday trading on Tuesday, hitting $28.92. The stock had a trading volume of 1,675,726 shares. The stock has a 50 day moving average price of $28.36 and a 200-day moving average price of $28.00. Rollins has a 52 week low of $23.69 and a 52 week high of $29.71. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 40.39 and a beta of 0.52.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The company earned $411.10 million during the quarter, compared to analyst estimates of $415.60 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Rollins will post $0.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Rollins’s dividend payout ratio is 54.80%.
A number of large investors have recently added to or reduced their stakes in ROL. LS Investment Advisors LLC boosted 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 in the last quarter. S. Muoio & CO. LLC acquired a new stake in Rollins during the first quarter worth $203,000. CIBC Asset Management Inc acquired a new stake in Rollins during the second quarter worth $204,000. Franklin Resources Inc. acquired a new stake in Rollins during the second quarter worth $205,000. Finally, Stephens Inc. AR acquired a new stake in Rollins during the second quarter worth $207,000. 35.61% of the stock is owned by hedge funds and other institutional investors.
Rollins Company Profile
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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