Rollins, Inc. (NYSE:ROL) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.50.
Several brokerages recently weighed in on ROL. Buckingham Research boosted their target price on Rollins from $33.33 to $37.33 and gave the stock a “neutral” rating in a research note on Monday, October 29th. Zacks Investment Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 12th. ValuEngine downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Nomura restated a “buy” rating and set a $46.00 target price on shares of Rollins in a research note on Monday, January 28th. Finally, William Blair restated a “buy” rating on shares of Rollins in a research note on Friday, December 7th.
A number of institutional investors have recently bought and sold shares of ROL. BlackRock Inc. grew its stake in Rollins by 58.2% during the 4th quarter. BlackRock Inc. now owns 10,373,534 shares of the business services provider’s stock valued at $374,484,000 after purchasing an additional 3,815,622 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Rollins by 3,207.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,105,677 shares of the business services provider’s stock worth $58,000 after buying an additional 2,042,003 shares during the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Rollins in the third quarter worth about $88,980,000. Vanguard Group Inc boosted its stake in shares of Rollins by 13.6% in the third quarter. Vanguard Group Inc now owns 11,698,763 shares of the business services provider’s stock worth $709,998,000 after buying an additional 1,398,615 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Rollins by 44.1% in the fourth quarter. Gabelli Funds LLC now owns 3,509,750 shares of the business services provider’s stock worth $126,702,000 after buying an additional 1,073,513 shares during the last quarter. Institutional investors and hedge funds own 27.77% of the company’s stock.
Rollins (NYSE:ROL) last announced its earnings results on Wednesday, January 23rd. The business services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Rollins had a return on equity of 33.03% and a net margin of 12.72%. The business had revenue of $444.62 million for the quarter, compared to analysts’ expectations of $446.61 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Rollins will post 0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, February 8th. This is an increase from Rollins’s previous quarterly dividend of $0.09. Rollins’s payout ratio is presently 59.15%.
Rollins Company Profile
Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.
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