Rollins (NYSE:ROL) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Rollins (NYSE:ROL) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on ROL. Royal Bank Of Canada downgraded shares of Rollins from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 target price (down from $70.00) on shares of Rollins in a research note on Friday, July 24th. Rothschild & Co Redburn set a $66.00 price target on shares of Rollins and gave the company a “buy” rating in a research note on Monday, April 27th. 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. Finally, Barclays set a $45.00 price objective on shares of Rollins and gave the stock an “overweight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.71.

Rollins Price Performance

Shares of ROL stock opened at $38.83 on Tuesday. The stock’s fifty day moving average is $45.21 and its 200-day moving average is $53.29. The stock has a market capitalization of $18.68 billion, a PE ratio of 35.30, a PEG ratio of 4.23 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. Rollins has a 52 week low of $36.59 and a 52 week high of $66.14.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that Rollins will post 1.2 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given 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 1.9%. Rollins’s dividend payout ratio (DPR) is currently 66.36%.

Institutional Investors Weigh In On Rollins

Several hedge funds have recently modified their holdings of ROL. DV Equities LLC acquired a new position in Rollins in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock valued at $26,000 after buying an additional 354 shares during the period. Torren Management LLC acquired a new position in shares of Rollins in the fourth quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac bought a new position in Rollins in the 4th quarter valued at approximately $43,000. Finally, Quarry LP boosted its position in Rollins by 155.2% during the 4th quarter. Quarry LP now owns 740 shares of the business services provider’s stock worth $44,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

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.