Rollins, Inc. to Issue Quarterly Dividend of $0.17 (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Tuesday, February 25th will be given a dividend of 0.165 per share by the business services provider on Monday, March 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, February 25th.

Rollins has raised its dividend payment by an average of 21.8% annually over the last three years. Rollins has a dividend payout ratio of 53.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rollins to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 60.6%.

Rollins Stock Performance

Shares of Rollins stock opened at $48.60 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $48.92. Rollins has a 12 month low of $40.41 and a 12 month high of $52.16. The company has a market capitalization of $23.53 billion, a PE ratio of 50.62 and a beta of 0.75.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period last year, the firm earned $0.28 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that Rollins will post 0.99 EPS for the current year.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ROL shares. Wells Fargo & Company upped their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays started coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Canaccord Genuity Group initiated coverage on shares of Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.50.

Rollins Company Profile

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.