Rollins Inc. (ROL) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Rollins Inc. (NYSE:ROL) from a hold rating to a buy rating in a research note published on Wednesday morning. The firm currently has $32.00 price target on the stock.
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 boosted their price objective on shares of Rollins from $30.00 to $32.00 and gave the company a buy rating in a research report on Wednesday, September 7th.
Shares of Rollins (NYSE:ROL) opened at 28.93 on Wednesday. The firm has a market cap of $6.32 billion, a P/E ratio of 40.41 and a beta of 0.52. Rollins has a 12 month low of $23.69 and a 12 month high of $29.71. The stock’s 50 day moving average price is $28.39 and its 200-day moving average price is $28.00.
Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. The company earned $411.10 million during the quarter, compared to the consensus estimate of $415.60 million. Rollins had a net margin of 10.26% and a return on equity of 29.21%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Rollins will post $0.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th were paid a $0.10 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.38%. Rollins’s payout ratio is currently 54.80%.
A number of large investors have recently modified their holdings of ROL. Vanguard Group Inc. raised its stake in shares of Rollins by 1.7% in the second quarter. Vanguard Group Inc. now owns 8,604,016 shares of the company’s stock valued at $251,839,000 after buying an additional 141,918 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Rollins by 5.3% in the second quarter. BlackRock Fund Advisors now owns 3,370,352 shares of the company’s stock valued at $98,650,000 after buying an additional 168,928 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Rollins by 16.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,292,539 shares of the company’s stock valued at $96,373,000 after buying an additional 460,362 shares during the last quarter. State Street Corp raised its stake in shares of Rollins by 2.5% in the first quarter. State Street Corp now owns 2,445,442 shares of the company’s stock valued at $66,324,000 after buying an additional 60,137 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Rollins by 5.6% in the second quarter. Schroder Investment Management Group now owns 1,894,249 shares of the company’s stock valued at $55,445,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 35.59% of the company’s stock.
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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