Rollins (NYSE:ROL) Sets New 12-Month Low – Here’s Why

Rollins, Inc. (NYSE:ROL)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $35.25 and last traded at $35.3480, with a volume of 5236770 shares changing hands. The stock had previously closed at $35.86.

Analyst Ratings Changes

Several equities research analysts have weighed in on ROL shares. Royal Bank Of Canada cut shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. Citigroup assumed coverage on shares of Rollins in a research report on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price on the stock. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Zacks Research lowered shares of Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, UBS Group restated a “neutral” rating and issued a $43.00 price objective (down from $50.00) on shares of Rollins in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.71.

Rollins Trading Down 1.2%

The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The business’s fifty day moving average is $39.11 and its 200 day moving average is $47.83.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. Equities analysts predict that Rollins, Inc. will post 1.18 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 10th. Rollins’s dividend payout ratio (DPR) is 66.36%.

Hedge Funds Weigh In On Rollins

Several institutional investors and hedge funds have recently modified their holdings of ROL. DV Equities LLC bought a new stake in shares of Rollins in the fourth quarter valued at approximately $25,000. Raiffeisen Bank International AG boosted its holdings in Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 272 shares during the last quarter. Westpac Banking Corp acquired a new position in Rollins in the second quarter valued at $42,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Rollins during the 4th quarter valued at $43,000. Finally, Quarry LP raised its holdings in shares of Rollins by 155.2% during the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 450 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.