Rollins (NYSE:ROL) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Rollins (NYSE:ROL) posted its quarterly earnings results on Wednesday. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01), Briefing.com reports. The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Rollins Stock Up 1.4 %

Shares of ROL traded up $0.64 during trading hours on Friday, hitting $47.12. The company had a trading volume of 210,306 shares, compared to its average volume of 1,690,579. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 49.45 and a beta of 0.70. The firm has a fifty day moving average price of $49.93 and a 200-day moving average price of $48.12. Rollins has a 52-week low of $35.54 and a 52-week high of $51.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio is currently 63.83%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,056 shares of company stock worth $698,347. 4.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROL has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.80.

Rollins Company Profile

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.