Rollins, Inc. (ROL) To Go Ex-Dividend on November 10th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 28th. Stockholders of record on Monday, November 10th will be given a dividend of 0.1825 per share by the business services provider on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a 10.6% increase from Rollins’s previous quarterly dividend of $0.17.

Rollins has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Rollins has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rollins to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 59.8%.

Rollins Trading Down 0.1%

NYSE:ROL opened at $58.58 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The business’s 50-day simple moving average is $57.00 and its 200-day simple moving average is $56.86. Rollins has a fifty-two week low of $45.34 and a fifty-two week high of $60.35. The stock has a market capitalization of $28.39 billion, a PE ratio of 54.75 and a beta of 0.72.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company posted $0.29 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Rollins will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ROL shares. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating and issued a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, UBS Group lifted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.82.

About Rollins

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.