Zacks Investment Research upgraded shares of Rollins Inc. (NYSE:ROL) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $32.00 price target on the stock.
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 boosted their target price on shares of Rollins from $30.00 to $32.00 and gave the stock a buy rating in a research report on Wednesday, September 7th.
Shares of Rollins (NYSE:ROL) opened at 28.72 on Wednesday. The stock’s 50 day moving average is $28.50 and its 200-day moving average is $28.02. The firm has a market capitalization of $6.27 billion, a P/E ratio of 40.11 and a beta of 0.52. Rollins has a 52-week low of $23.69 and a 52-week high of $29.71.
Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company earned $411.10 million during the quarter, compared to the consensus estimate of $415.60 million. Rollins had a return on equity of 29.21% and a net margin of 10.26%. Rollins’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. On average, equities analysts forecast that Rollins will post $0.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, August 8th. Rollins’s dividend payout ratio is presently 54.80%.
Several large investors have recently made changes to their positions in ROL. LS Investment Advisors LLC increased 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 in the last quarter. S. Muoio & CO. LLC acquired a new stake in shares of Rollins during the first quarter worth $203,000. CIBC Asset Management Inc acquired a new stake in shares of Rollins during the second quarter worth $204,000. Franklin Resources Inc. acquired a new stake in shares of Rollins during the second quarter worth $205,000. Finally, Stephens Inc. AR acquired a new stake in shares of Rollins during the second quarter worth $207,000. 35.59% of the stock is owned by institutional investors and hedge funds.
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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