Rollins (NYSE:ROL) Price Target Cut to $46.00 by Analysts at Piper Sandler

Rollins (NYSE:ROL) had its price objective lowered by Piper Sandler from $72.00 to $46.00 in a research report released on Friday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the business services provider’s stock.

ROL has been the subject of several other reports. Wells Fargo & Company cut shares of Rollins from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $46.00 to $32.00 in a report on Friday. Canaccord Genuity Group set a $45.00 target price on Rollins in a report on Thursday. Raymond James Financial set a $35.00 price target on shares of Rollins in a research report on Thursday. Bank of America reissued a “neutral” rating and issued a $35.00 price target (down from $55.00) on shares of Rollins in a report on Thursday. Finally, Citigroup began coverage on shares of Rollins in a research note on Wednesday, July 15th. They set a “neutral” rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.71.

Rollins Trading Down 2.2%

NYSE:ROL opened at $38.59 on Friday. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.63. Rollins has a 1 year low of $36.59 and a 1 year high of $66.14. The business has a fifty day moving average of $46.11 and a 200-day moving average of $53.76.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. Equities analysts predict that Rollins will post 1.23 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 10th. Rollins’s payout ratio is presently 66.97%.

Institutional Trading of Rollins

Several institutional investors and hedge funds have recently bought and sold shares of ROL. DV Equities LLC bought a new stake in Rollins during the fourth quarter worth $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Rollins by 528.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider’s stock worth $26,000 after acquiring an additional 354 shares during the last quarter. Torren Management LLC bought a new stake in shares of Rollins during the 4th quarter valued at approximately $36,000. Fideuram Asset Management Ireland dac acquired a new position in Rollins during the 4th quarter worth approximately $43,000. Finally, Quarry LP boosted its position in Rollins by 155.2% in the fourth quarter. Quarry LP now owns 740 shares of the business services provider’s stock valued at $44,000 after buying an additional 450 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins News Summary

Here are the key news stories impacting Rollins this week:

• Positive Sentiment: Management said termite and ancillary services continued to post solid growth, and lead volumes improved toward late June and early July, which could support a recovery in coming quarters.
• Positive Sentiment: Several analysts still see upside from current levels despite trimming targets, including Piper Sandler maintaining an overweight rating and BNP Paribas Exane keeping a neutral view with a higher target than the stock’s recent trading level.
• Neutral Sentiment: Rollins has been described as balancing solid Q2 growth with a softer outlook, suggesting the quarter was mixed rather than uniformly negative.
• Neutral Sentiment: Ongoing media coverage around the earnings call and transcript is reinforcing investor focus on management’s commentary about demand trends and margin performance.
• Negative Sentiment: Rollins reported Q2 earnings of $0.32 per share, below the consensus estimate of $0.34, and revenue of about $1.08 billion also came in slightly short of expectations.
• Negative Sentiment: Analysts turned more cautious after the report, with JPMorgan reaffirming an underweight rating and sharply lowering its price target, while Bank of America also cut its target and kept a neutral stance.
• Negative Sentiment: Commentary around slower residential demand and a “downbeat” earnings release has added to the selloff, as the market appears to be recalibrating expectations after a period of high optimism.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.