Rollins (NYSE:ROL) Price Target Lowered to $44.00 at BNP Paribas Exane

Rollins (NYSE:ROL) had its target price trimmed by BNP Paribas Exane from $63.00 to $44.00 in a research report released on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research firms have also recently commented on ROL. Citigroup assumed coverage on Rollins in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $46.00 target price on the stock. Royal Bank Of Canada lowered Rollins from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $52.00 to $40.00 in a research report on Thursday. Wells Fargo & Company lowered Rollins from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $46.00 to $32.00 in a report on Friday. Barclays set a $45.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $55.00) on shares of Rollins in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus price target of $48.71.

Rollins Stock Down 2.2%

Rollins stock opened at $38.59 on Friday. Rollins has a one year low of $36.59 and a one year high of $66.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.63. The firm has a market capitalization of $18.58 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.46 and a beta of 0.75. The company has a 50-day simple moving average of $46.11 and a 200-day simple moving average of $53.76.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. As a group, equities analysts expect that Rollins will post 1.23 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a $0.1825 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 1.9%. Rollins’s dividend payout ratio is presently 66.97%.

Institutional Investors Weigh In On Rollins

Institutional investors have recently modified their holdings of the stock. National Pension Service raised its position in Rollins by 138.3% during the fourth quarter. National Pension Service now owns 51,277 shares of the business services provider’s stock valued at $3,078,000 after acquiring an additional 29,758 shares in the last quarter. Moody Lynn & Lieberson LLC grew its position in Rollins by 718.8% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 32,244 shares of the business services provider’s stock worth $1,935,000 after acquiring an additional 28,306 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of Rollins by 55.9% during the 1st quarter. USS Investment Management Ltd now owns 3,131,337 shares of the business services provider’s stock worth $167,260,000 after purchasing an additional 1,123,237 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Rollins by 11,772.1% during the 4th quarter. Bessemer Group Inc. now owns 1,084,398 shares of the business services provider’s stock worth $65,086,000 after purchasing an additional 1,075,264 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Rollins by 65.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 44,265 shares of the business services provider’s stock valued at $2,657,000 after purchasing an additional 17,546 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Trending Headlines about Rollins

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.