Rollins, Inc. (NYSE:ROL) Announces Quarterly Dividend of $0.17

by · The Markets Daily

Rollins, Inc. (NYSE:ROL – Get Free Report) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Tuesday, February 25th will be given 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% per year 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 Price Performance

Shares of NYSE ROL traded down $0.21 on Wednesday, hitting $48.43. The company’s stock had a trading volume of 1,572,113 shares, compared to its average volume of 1,647,385. Rollins has a 12-month low of $40.41 and a 12-month high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a 50 day moving average of $48.29 and a 200-day moving average of $48.92. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of 50.45 and a beta of 0.75.

Rollins (NYSE:ROL – Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the company posted $0.28 earnings per share. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, research analysts predict that Rollins will post 0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROL shares. Wells Fargo & Company increased their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Canaccord Genuity Group initiated coverage on shares of Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price target on the stock. Finally, UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.50.

Read Our Latest Stock Analysis on ROL

Insider Activity

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.69% of the company’s stock.

About Rollins

(Get Free Report)

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.

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