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

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

Rollins Price Performance

ROL stock traded up $0.06 during trading on Friday, hitting $46.54. The company had a trading volume of 1,660,706 shares, compared to its average volume of 1,697,586. The business has a 50 day moving average of $49.89 and a 200 day moving average of $48.13. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 49.51 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins has a fifty-two week low of $35.54 and a fifty-two week high of $51.96.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is 63.83%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,056 shares of company stock valued at $698,347. Company insiders own 4.69% of the company’s stock.

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.