Zacks: Rollins, Inc. (ROL) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Rollins, Inc. (NYSE:ROL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Rollins’ rating score has improved by 66.7% from three months ago as a result of various analysts’ upgrades and downgrades.
Zacks has also assigned Rollins an industry rank of 197 out of 265 based on the ratings given to related companies.
ROL has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Rollins in a report on Sunday, October 29th. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Saturday. Finally, William Blair initiated coverage on Rollins in a report on Monday. They set an “outperform” rating for the company.
Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. purchased a new stake in Rollins during the 4th quarter worth $185,000. Toronto Dominion Bank boosted its position in Rollins by 243.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,144 shares of the business services provider’s stock worth $191,000 after purchasing an additional 2,938 shares during the period. Hengehold Capital Management LLC purchased a new stake in Rollins during the 3rd quarter worth $202,000. Clinton Group Inc. purchased a new stake in Rollins during the 2nd quarter worth $217,000. Finally, Achmea Investment Management B.V. purchased a new stake in Rollins during the 2nd quarter worth $221,000. Institutional investors and hedge funds own 37.61% of the company’s stock.
Shares of Rollins (ROL) traded down $0.36 on Wednesday, reaching $49.34. The company’s stock had a trading volume of 948,847 shares, compared to its average volume of 653,093. The firm has a market cap of $10,740.00, a P/E ratio of 60.17 and a beta of 0.28. Rollins has a 52 week low of $34.75 and a 52 week high of $51.78.
Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, January 24th. The business services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $414.70 million during the quarter, compared to the consensus estimate of $412.08 million. Rollins had a return on equity of 29.76% and a net margin of 10.70%. Rollins’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. analysts expect that Rollins will post 1.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Rollins’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, February 8th. Rollins’s dividend payout ratio is presently 56.10%.
Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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