Rollins (NYSE:ROL) Announces Earnings Results

Rollins (NYSE:ROL) announced its quarterly earnings data on Wednesday. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27, Briefing.com reports. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

Rollins Stock Performance

NYSE:ROL remained flat at $49.95 during mid-day trading on Wednesday. 1,524,336 shares of the company traded hands, compared to its average volume of 1,774,232. The stock’s fifty day moving average is $48.23 and its 200 day moving average is $45.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. Rollins has a twelve month low of $32.19 and a twelve month high of $50.87. The company has a market cap of $24.19 billion, a price-to-earnings ratio of 56.12, a P/E/G ratio of 3.86 and a beta of 0.70.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.20%. Rollins’s dividend payout ratio is presently 67.42%.

Insider Buying and Selling

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares in the company, valued at approximately $13,625,271.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares in the company, valued at approximately $13,625,271.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of Rollins stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the chief financial officer now owns 94,078 shares in the company, valued at $4,233,510. The disclosure for this sale can be found here. Insiders have sold a total of 20,331 shares of company stock worth $949,623 in the last ninety days. Company insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. UBS Group restated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Finally, StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.60.

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.