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 note issued to investors on Saturday. The brokerage presently has a $48.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.27% 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. “
A number of other equities analysts have also issued reports on the company. BidaskClub lowered Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Instinet increased their price target on Rollins from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Nomura reaffirmed a “buy” rating and set a $40.00 price target on shares of Rollins in a research note on Thursday, April 27th.
Shares of Rollins (NYSE:ROL) opened at 43.53 on Friday. The firm’s 50-day moving average price is $41.80 and its 200-day moving average price is $38.61. The stock has a market capitalization of $9.49 billion, a P/E ratio of 54.41 and a beta of 0.29. Rollins has a 52-week low of $27.29 and a 52-week high of $43.89.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. Rollins had a return on equity of 30.26% and a net margin of 11.22%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. Equities analysts forecast that Rollins will post $0.86 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. Markel Corp raised its position in shares of Rollins by 10.4% in the second quarter. Markel Corp now owns 413,700 shares of the business services provider’s stock worth $16,842,000 after buying an additional 39,000 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Rollins by 0.8% in the second quarter. Texas Permanent School Fund now owns 70,035 shares of the business services provider’s stock worth $2,851,000 after buying an additional 577 shares during the last quarter. World Asset Management Inc raised its position in shares of Rollins by 3.5% in the second quarter. World Asset Management Inc now owns 6,988 shares of the business services provider’s stock worth $284,000 after buying an additional 239 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Rollins by 17.8% in the second quarter. Great West Life Assurance Co. Can now owns 66,822 shares of the business services provider’s stock worth $2,718,000 after buying an additional 10,078 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Rollins during the second quarter worth about $258,000. 37.61% of the stock is owned by hedge funds and other institutional investors.
Rollins Company Profile
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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