Rollins (NYSE:ROL) Trading Down 6.7% – Time to Sell?

by · The Cerbat Gem

Rollins, Inc. (NYSE:ROL – Get Free Report) dropped 6.7% during mid-day trading on Thursday . The company traded as low as $30.12 and last traded at $30.3010. 7,086,465 shares traded hands during trading, an increase of 71% from the average daily volume of 4,147,090 shares. The stock had previously closed at $32.49.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROL. Argus cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Barclays set a $45.00 target price on shares of Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. Raymond James Financial set a $35.00 price target on Rollins in a research report on Thursday, July 23rd. Bank of America reaffirmed a “neutral” rating and set a $35.00 price objective (down from $55.00) on shares of Rollins in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company cut Rollins from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $46.00 to $32.00 in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.94.

Read Our Latest Stock Report on Rollins

Rollins Trading Down 6.7%

The firm has a market capitalization of $14.59 billion, a PE ratio of 27.59, a P/E/G ratio of 3.53 and a beta of 0.74. The firm has a 50 day simple moving average of $37.00 and a 200 day simple moving average of $45.97. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Rollins had a return on equity of 38.81% and a net margin of 13.55%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. Equities analysts expect that Rollins, Inc. will post 1.18 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a $0.1825 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.73 dividend on an annualized basis and a yield of 2.4%. Rollins’s payout ratio is 66.36%.

Hedge Funds Weigh In On Rollins

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Rollins during the 2nd quarter valued at about $1,204,334,000. Norges Bank bought a new position in Rollins during the fourth quarter valued at approximately $244,669,000. Legal & General Group Plc purchased a new stake in Rollins in the second quarter worth approximately $84,181,000. Pictet Asset Management Holding SA boosted its holdings in Rollins by 188.2% in the first quarter. Pictet Asset Management Holding SA now owns 2,908,818 shares of the business services provider’s stock worth $155,335,000 after purchasing an additional 1,899,515 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Rollins in the 2nd quarter worth approximately $65,993,000. Institutional investors own 51.79% of the company’s stock.

Rollins Company Profile

(Get Free Report)

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. The company helps protect homes, businesses, and other properties from insects, rodents, termites, wildlife, and other pests through inspection, prevention, treatment, and ongoing monitoring programs.

Rollins operates through a portfolio of recognized pest control brands, including Orkin, Terminix, HomeTeam Pest Defense, Western Exterminator, and Critter Control. Its services include general pest management, termite protection, mosquito and bed bug control, wildlife management, and specialized commercial pest control programs.

Founded in 1948 and headquartered in Atlanta, Georgia, Rollins serves customers across the United States and internationally.

See Also