Rollins, Inc. (NYSE:ROL) Raises Dividend to $0.17 Per Share

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.165 per share by the business services provider on Tuesday, December 10th. This represents a $0.66 annualized dividend and a yield of 1.33%. This is a positive change from Rollins’s previous quarterly dividend of $0.15.

Rollins has increased its dividend by an average of 31.0% per year over the last three years. Rollins has a payout ratio of 54.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 54.5%.

Rollins Trading Down 0.6 %

Shares of NYSE ROL traded down $0.31 during trading on Tuesday, hitting $49.53. 806,851 shares of the company were exchanged, compared to its average volume of 1,690,164. The company has a fifty day moving average price of $49.93 and a 200-day moving average price of $48.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $23.99 billion, a PE ratio of 53.02 and a beta of 0.70. Rollins has a 12-month low of $32.91 and a 12-month high of $51.96.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. Rollins’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. As a group, equities research analysts expect that Rollins will post 1 EPS for the current year.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,056 shares of company stock worth $698,347. Company insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROL. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company boosted their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.80.

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.