Rollins Inc. (ROL) Rating Lowered to Hold at Zacks Investment Research
Rollins Inc. (NYSE:ROL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Rollins Inc. provides services to both residential and commercial customers. The four primary services provided are termite and pest control, protective services, lawn care and plantscaping. Orkin Exterminating Company, Inc., a wholly owned subsidiary (Orkin), is one of the world’s largest termite and pest control companies. Rollins Protective Services, a division of the Registrant, is a pioneer in developing customized wired and wireless electronic security systems. “
Separately, Nomura upped their price target on shares of Rollins from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, September 7th.
Shares of Rollins (NYSE:ROL) opened at 28.93 on Tuesday. The firm has a market cap of $6.32 billion, a PE ratio of 40.41 and a beta of 0.52. The stock’s 50 day moving average price is $28.39 and its 200-day moving average price is $28.00. Rollins has a 52-week low of $23.69 and a 52-week high of $29.71.
Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. Rollins had a return on equity of 29.21% and a net margin of 10.26%. The business had revenue of $411.10 million for the quarter, compared to analysts’ expectations of $415.60 million. During the same period last year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Rollins will post $0.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were given a $0.10 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Rollins’s payout ratio is currently 54.80%.
A number of institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC boosted its position in Rollins by 73.5% in the second quarter. LS Investment Advisors LLC now owns 5,776 shares of the company’s stock worth $169,000 after buying an additional 2,446 shares during the last quarter. S. Muoio & CO. LLC purchased a new position in Rollins during the first quarter worth $203,000. CIBC Asset Management Inc purchased a new position in Rollins during the second quarter worth $204,000. Franklin Resources Inc. purchased a new position in Rollins during the second quarter worth $205,000. Finally, Stephens Inc. AR purchased a new position in Rollins during the second quarter worth $207,000. 35.59% of the stock is owned by institutional investors.
Rollins, Inc is a service company, which provides pest and termite control services. The Company operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America and Australia with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico.
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