Rollins Inc. (ROL) Upgraded to “Buy” by Zacks Investment Research
Rollins Inc. (NYSE:ROL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $32.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 10.65% from the stock’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 lifted their target price on Rollins from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 7th.
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Shares of Rollins (NYSE:ROL) opened at 28.92 on Wednesday. Rollins has a 52 week low of $23.69 and a 52 week high of $29.71. The stock has a 50 day moving average price of $28.36 and a 200-day moving average price of $28.00. The company has a market capitalization of $6.31 billion, a PE ratio of 40.39 and a beta of 0.52.
Rollins (NYSE:ROL) last released 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 net margin of 10.26% and a return on equity of 29.21%. The business earned $411.10 million during the quarter, compared to the consensus estimate of $415.60 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Equities research analysts expect that Rollins will post $0.76 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, August 8th. Rollins’s payout ratio is 54.80%.
Several hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC raised its stake in shares of 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 purchased a new stake in shares of Rollins during the first quarter worth approximately $203,000. CIBC Asset Management Inc purchased a new stake in shares of Rollins during the second quarter worth approximately $204,000. Franklin Resources Inc. purchased a new stake in shares of Rollins during the second quarter worth approximately $205,000. Finally, Stephens Inc. AR purchased a new stake in shares of Rollins during the second quarter worth approximately $207,000. 35.59% of the stock is currently 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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