Rollins, Inc. (ROL) To Go Ex-Dividend on November 12th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, October 22nd,RTT News reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.165 per share by the business services provider on Tuesday, December 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15.

Rollins has raised its dividend payment by an average of 31.0% annually over the last three years. Rollins has a dividend payout ratio of 60.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rollins to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 60.6%.

Rollins Price Performance

Shares of Rollins stock opened at $50.18 on Friday. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 52.27 and a beta of 0.70. The firm’s 50-day moving average price is $49.52 and its two-hundred day moving average price is $48.48. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. Rollins has a 1-year low of $37.61 and a 1-year high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts predict that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the sale, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ROL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.83.

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.