Rollins, Inc. (NYSE:ROL) Receives $62.18 Consensus Price Target from Brokerages

Shares of Rollins, Inc. (NYSE:ROL) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $62.1818.

A number of equities research analysts have recently weighed in on ROL shares. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. UBS Group raised their target price on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Piper Sandler raised their target price on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective for the company.

Rollins Price Performance

NYSE:ROL opened at $58.47 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $28.33 billion, a price-to-earnings ratio of 57.89 and a beta of 0.69. Rollins has a 52 week low of $45.34 and a 52 week high of $59.10. The firm’s 50-day simple moving average is $57.12 and its 200 day simple moving average is $56.10.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Rollins will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins’s dividend payout ratio is currently 65.35%.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares of the company’s stock, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.47% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of Rollins by 7.0% in the fourth quarter. Toronto Dominion Bank now owns 151,593 shares of the business services provider’s stock worth $7,026,000 after acquiring an additional 9,930 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Rollins by 174.8% in the fourth quarter. Mackenzie Financial Corp now owns 23,499 shares of the business services provider’s stock worth $1,089,000 after acquiring an additional 14,948 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Rollins in the fourth quarter worth approximately $128,000. Kera Capital Partners Inc. acquired a new position in shares of Rollins in the first quarter worth approximately $222,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Rollins by 10.9% in the first quarter. Central Pacific Bank Trust Division now owns 20,290 shares of the business services provider’s stock worth $1,096,000 after acquiring an additional 1,995 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

About Rollins

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.