Rollins (NYSE:ROL) Hits New 52-Week Low – What’s Next?

Rollins, Inc. (NYSE:ROL)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $35.92 and last traded at $35.97, with a volume of 3946446 shares changing hands. The stock had previously closed at $36.20.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Argus lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Morgan Stanley dropped their target price on shares of Rollins from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Bank of America reiterated a “neutral” rating and set a $35.00 target price (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Canaccord Genuity Group set a $45.00 price target on shares of Rollins and gave the company a “hold” rating in a research note on Thursday, July 23rd. Finally, Barclays set a $45.00 price target on shares of Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Rollins currently has a consensus rating of “Hold” and an average target price of $48.71.

Rollins Stock Performance

The firm’s 50-day moving average price is $41.67 and its 200 day moving average price is $50.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 3.97 and a beta of 0.75.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a net margin of 13.55% and a return on equity of 38.81%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.19 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be given a dividend of $0.1825 per share. The ex-dividend date is Monday, August 10th. This represents a $0.73 annualized dividend and a dividend yield of 2.0%. Rollins’s payout ratio is presently 66.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DV Equities LLC bought a new stake in shares of Rollins in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its stake in Rollins by 528.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the last quarter. Torren Management LLC bought a new position in Rollins during the 4th quarter worth approximately $36,000. Westpac Banking Corp acquired a new position in Rollins during the second quarter valued at approximately $42,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Rollins during the fourth quarter valued at approximately $43,000. 51.79% of the stock is currently owned by institutional investors.

About Rollins

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.