Rollins, Inc. (NYSE:ROL) Issues Earnings Results, Meets Estimates
Rollins, Inc. (NYSE:ROL) announced its quarterly earnings data on Wednesday. The business services provider reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25, Morningstar.com reports. Rollins had a net margin of 11.01% and a return on equity of 30.01%. The company had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.
Shares of Rollins (ROL) traded up 4.3730% on Wednesday, reaching $43.4296. 579,023 shares of the company traded hands. Rollins has a 1-year low of $27.29 and a 1-year high of $43.89. The company has a 50-day moving average of $41.76 and a 200-day moving average of $38.40. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 54.2870 and a beta of 0.29.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, August 8th. Rollins’s dividend payout ratio is currently 57.50%.
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Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Rollins during the fourth quarter worth approximately $28,310,000. Quadrature Capital Ltd bought a new stake in Rollins during the fourth quarter worth approximately $527,000. Teachers Advisors LLC boosted its stake in Rollins by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 521,878 shares of the business services provider’s stock worth $17,629,000 after buying an additional 13,852 shares in the last quarter. Creative Planning boosted its stake in Rollins by 71.4% in the first quarter. Creative Planning now owns 19,115 shares of the business services provider’s stock worth $710,000 after buying an additional 7,963 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Rollins by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 24,200 shares of the business services provider’s stock worth $899,000 after buying an additional 500 shares in the last quarter. 37.61% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on ROL. Nomura reiterated a “buy” rating and set a $40.00 target price on shares of Rollins in a research note on Thursday, April 27th. BidaskClub lowered shares of Rollins from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. Instinet boosted their target price on shares of Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th.
Rollins, Inc is a service company, which 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, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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