Rollins, Inc. (NYSE:ROL) to Issue $0.17 Quarterly Dividend

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Tuesday, February 25th will be paid a dividend of 0.165 per share by the business services provider on Monday, March 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.36%.

Rollins has increased its dividend by an average of 21.8% annually over the last three years. Rollins has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Rollins to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 60.6%.

Rollins Stock Down 0.4 %

Shares of ROL opened at $48.43 on Thursday. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 50.45 and a beta of 0.75. Rollins has a 1 year low of $40.41 and a 1 year high of $52.16. The business’s 50 day simple moving average is $48.29 and its 200-day simple moving average is $48.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities analysts expect that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Transactions at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ROL. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley upped their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. UBS Group upped their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group assumed coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. Finally, Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.50.

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.