Wall Street analysts expect that Rollins, Inc. (NYSE:ROL) will report sales of $489.65 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Rollins’ earnings, with estimates ranging from $486.00 million to $493.30 million. Rollins posted sales of $450.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Rollins will report full-year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.81 billion to $1.83 billion. For the next fiscal year, analysts expect that the company will report sales of $1.94 billion per share, with estimates ranging from $1.91 billion to $1.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rollins.
Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 25th. The business services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Rollins had a return on equity of 31.66% and a net margin of 11.36%. The company had revenue of $480.46 million during the quarter, compared to analysts’ expectations of $470.15 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year.
ROL has been the topic of a number of recent research reports. Sidoti initiated coverage on Rollins in a research note on Wednesday, June 27th. They issued a “buy” rating on the stock. Nomura upped their target price on Rollins from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Finally, Stifel Nicolaus initiated coverage on Rollins in a research note on Thursday, May 31st. They issued a “hold” rating and a $50.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $55.50.
Shares of ROL opened at $63.72 on Friday. Rollins has a 52 week low of $42.82 and a 52 week high of $63.98. The stock has a market capitalization of $13.67 billion, a PE ratio of 73.24 and a beta of 0.28.
The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 10th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Rollins’s payout ratio is 64.37%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROL. Wells Fargo & Company MN raised its holdings in Rollins by 22.2% in the 1st quarter. Wells Fargo & Company MN now owns 228,299 shares of the business services provider’s stock worth $11,649,000 after purchasing an additional 41,527 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Rollins by 199.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,868 shares of the business services provider’s stock worth $1,183,000 after purchasing an additional 15,230 shares during the period. Victory Capital Management Inc. raised its holdings in Rollins by 9.5% in the 1st quarter. Victory Capital Management Inc. now owns 65,490 shares of the business services provider’s stock worth $3,342,000 after purchasing an additional 5,686 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Rollins by 4.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 125,828 shares of the business services provider’s stock worth $6,421,000 after purchasing an additional 5,101 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Rollins by 5.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 416,159 shares of the business services provider’s stock worth $21,237,000 after purchasing an additional 21,440 shares during the period. 38.06% of the stock is owned by institutional investors.
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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