Rollins Inc. (ROL) Rating Increased to Buy at Zacks Investment Research
Rollins Inc. (NYSE:ROL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $32.00 target price on the stock. Zacks Investment Research’s target price points to a potential upside of 10.61% from the company’s current price.
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 boosted their price target on shares of 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 up 0.03% during midday trading on Wednesday, hitting $28.93. 320,699 shares of the stock traded hands. The company’s 50 day moving average price is $28.39 and its 200-day moving average price is $28.00. Rollins has a 12-month low of $23.69 and a 12-month high of $29.71. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 40.41 and a beta of 0.52.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The company earned $411.10 million during the quarter, compared to analysts’ expectations of $415.60 million. Rollins had a return on equity of 29.21% and a net margin of 10.26%. Rollins’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. On average, equities research analysts expect that Rollins will post $0.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.38%. Rollins’s dividend payout ratio (DPR) is presently 54.80%.
A number of large investors have recently made changes to their positions in the company. Veritable L.P. boosted its stake in shares of Rollins by 0.3% in the second quarter. Veritable L.P. now owns 15,410 shares of the company’s stock valued at $451,000 after buying an additional 46 shares during the period. Bollard Group LLC boosted its stake in shares of Rollins by 0.3% in the second quarter. Bollard Group LLC now owns 18,615 shares of the company’s stock valued at $545,000 after buying an additional 64 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Rollins by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 39,232 shares of the company’s stock valued at $1,148,000 after buying an additional 102 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Rollins by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 31,905 shares of the company’s stock valued at $935,000 after buying an additional 130 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in shares of Rollins by 0.5% in the second quarter. State Treasurer State of Michigan now owns 37,739 shares of the company’s stock valued at $1,105,000 after buying an additional 200 shares during the period. 35.59% of the stock is currently owned by 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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