Rollins (NYSE:ROL) Posts Earnings Results, Meets Expectations

Rollins (NYSE:ROL) issued its quarterly earnings data on Wednesday. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27, Briefing.com reports. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS.

Rollins Stock Performance

NYSE:ROL remained flat at $49.95 during trading hours on Wednesday. The company’s stock had a trading volume of 1,524,336 shares, compared to its average volume of 1,774,232. The firm has a 50-day moving average price of $48.23 and a 200-day moving average price of $45.75. The firm has a market capitalization of $24.19 billion, a PE ratio of 56.12, a P/E/G ratio of 3.86 and a beta of 0.70. Rollins has a 1-year low of $32.19 and a 1-year high of $50.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Monday, August 12th. Rollins’s payout ratio is 67.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. UBS Group restated a “neutral” rating and set a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and an average target price of $46.60.

Insider Buying and Selling at Rollins

In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the transaction, the chief executive officer now owns 288,671 shares in the company, valued at $13,625,271.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the completion of the transaction, the chief financial officer now owns 90,747 shares in the company, valued at $4,310,482.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the completion of the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,331 shares of company stock worth $949,623. 4.69% of the stock is owned by insiders.

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.