Rollins, Inc. (ROL) Expected to Announce Quarterly Sales of $489.65 Million
Wall Street brokerages expect that Rollins, Inc. (NYSE:ROL) will report sales of $489.65 million for the current quarter, Zacks reports. Two analysts have made estimates for Rollins’ earnings, with the highest sales estimate coming in at $493.30 million and the lowest estimate coming in at $486.00 million. Rollins reported sales of $450.44 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is expected to report its next earnings results on Wednesday, October 24th.
On average, analysts expect that Rollins will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.81 billion to $1.83 billion. For the next financial year, analysts forecast that the company will report sales of $1.94 billion per share, with estimates ranging from $1.91 billion to $1.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Rollins.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The company had revenue of $480.46 million during the quarter, compared to the consensus estimate of $470.15 million. Rollins had a net margin of 11.36% and a return on equity of 31.66%. Rollins’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Rollins by 5.7% during the second quarter. BlackRock Inc. now owns 9,515,485 shares of the business services provider’s stock worth $500,325,000 after buying an additional 512,690 shares during the last quarter. Morgan Stanley raised its stake in Rollins by 51.5% during the second quarter. Morgan Stanley now owns 4,304,390 shares of the business services provider’s stock worth $226,323,000 after buying an additional 1,463,331 shares during the last quarter. Northern Trust Corp raised its stake in Rollins by 4.1% during the first quarter. Northern Trust Corp now owns 981,216 shares of the business services provider’s stock worth $50,072,000 after buying an additional 38,770 shares during the last quarter. Royal Bank of Canada raised its stake in Rollins by 28.1% during the first quarter. Royal Bank of Canada now owns 859,911 shares of the business services provider’s stock worth $43,881,000 after buying an additional 188,454 shares during the last quarter. Finally, EULAV Asset Management raised its stake in Rollins by 2.3% during the first quarter. EULAV Asset Management now owns 744,500 shares of the business services provider’s stock worth $37,992,000 after buying an additional 17,000 shares during the last quarter. 38.08% of the stock is owned by institutional investors and hedge funds.
NYSE:ROL traded up $0.59 on Friday, hitting $56.75. The company had a trading volume of 202,600 shares, compared to its average volume of 573,466. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 65.22 and a beta of 0.29. Rollins has a 52 week low of $42.82 and a 52 week high of $57.22.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, August 9th. Rollins’s dividend payout ratio is presently 64.37%.
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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