Rollins (NYSE:ROL) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Rollins (NYSE:ROL) released its earnings results on Wednesday. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02), FiscalAI reports. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.

Rollins Stock Down 0.7%

Shares of NYSE ROL traded down $0.31 during midday trading on Wednesday, hitting $43.55. 6,450,551 shares of the stock traded hands, compared to its average volume of 3,541,804. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. Rollins has a one year low of $41.50 and a one year high of $66.14. The business has a 50 day moving average price of $46.87 and a two-hundred day moving average price of $54.12. The company has a market cap of $20.97 billion, a PE ratio of 39.96, a P/E/G ratio of 2.75 and a beta of 0.75.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 1.7%. Rollins’s payout ratio is currently 66.97%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Keel Point LLC raised its holdings in shares of Rollins by 5.4% in the 2nd quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock worth $262,000 after acquiring an additional 238 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Rollins in the 4th quarter worth $255,000. Twinbeech Capital LP purchased a new stake in shares of Rollins in the fourth quarter valued at about $234,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Rollins in the fourth quarter valued at about $222,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Rollins in the fourth quarter valued at about $212,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup started coverage on shares of Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 price objective for the company. Weiss Ratings lowered Rollins from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Wells Fargo & Company set a $46.00 target price on Rollins and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Loop Capital initiated coverage on shares of Rollins in a research note on Monday, April 13th. They issued a “hold” rating and a $56.00 price objective for the company. Finally, Rothschild & Co Redburn set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.87.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.