Rollins (NYSE:ROL) Posts Quarterly Earnings Results, Meets Estimates

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

Rollins Price Performance

ROL stock remained flat at $49.95 during midday trading on Wednesday. 1,524,336 shares of the company’s stock were exchanged, compared to its average volume of 1,774,232. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. The stock’s 50 day simple moving average is $48.23 and its 200-day simple moving average is $45.75. Rollins has a 1 year low of $32.19 and a 1 year high of $50.87. The firm has a market capitalization of $24.19 billion, a price-to-earnings ratio of 56.12, a price-to-earnings-growth ratio of 3.86 and a beta of 0.70.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.20%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insiders Place Their Bets

In other news, CFO Kenneth D. Krause sold 3,331 shares of Rollins stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the sale, the chief financial officer now owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. Insiders sold a total of 20,331 shares of company stock valued at $949,623 over the last ninety days. 4.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ROL shares. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Morgan Stanley raised their target price on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, UBS Group reissued a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Moderate Buy” and an average price target 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.