Rollins (ROL) to Release Quarterly Earnings on Wednesday

Rollins (NYSE:ROL) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $754.10 million during the quarter, compared to analyst estimates of $753.40 million. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. On average, analysts expect Rollins to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rollins Price Performance

Rollins stock opened at $43.31 on Wednesday. The firm has a market capitalization of $20.99 billion, a P/E ratio of 49.22, a PEG ratio of 3.50 and a beta of 0.63. Rollins has a 1 year low of $32.19 and a 1 year high of $47.45. The business has a 50-day moving average of $44.55 and a 200-day moving average of $41.81. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Rollins’s payout ratio is currently 68.18%.

Insider Buying and Selling at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the chief financial officer now owns 99,078 shares in the company, valued at approximately $4,575,422.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the chief financial officer now owns 99,078 shares in the company, valued at approximately $4,575,422.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,824 shares of company stock worth $994,558. Corporate insiders own 4.69% of the company’s stock.

Institutional Investors Weigh In On Rollins

A number of institutional investors and hedge funds have recently made changes to their positions in ROL. Norges Bank bought a new stake in shares of Rollins during the 4th quarter worth approximately $84,675,000. Durable Capital Partners LP bought a new stake in shares of Rollins during the 1st quarter worth approximately $61,799,000. Morgan Stanley raised its stake in shares of Rollins by 78.8% during the 4th quarter. Morgan Stanley now owns 3,221,759 shares of the business services provider’s stock worth $117,723,000 after purchasing an additional 1,419,569 shares in the last quarter. Millennium Management LLC raised its stake in shares of Rollins by 97.8% during the 4th quarter. Millennium Management LLC now owns 2,693,672 shares of the business services provider’s stock worth $98,427,000 after purchasing an additional 1,331,911 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Rollins by 5,181.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 812,785 shares of the business services provider’s stock worth $30,341,000 after purchasing an additional 828,781 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, February 15th. The Goldman Sachs Group started coverage on Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price objective for the company. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley started coverage on Rollins in a research report on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 price objective on shares of Rollins in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.83.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.