Stifel Nicolaus upgraded shares of Rollins (NYSE:ROL) from a sell rating to a hold rating in a research note published on Wednesday, November 6th, Briefing.com Automated Import reports. They currently have $34.00 price objective on the business services provider’s stock, up from their previous price objective of $28.50.
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Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Rollins from a sell rating to a hold rating and set a $41.00 target price for the company in a research report on Thursday, October 24th. Royal Bank of Canada began coverage on shares of Rollins in a research report on Tuesday, October 8th. They issued a sector perform rating and a $34.00 price target for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rollins currently has a consensus rating of Hold and a consensus price target of $38.18.
Shares of Rollins stock opened at $37.48 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 0.79. The company has a 50-day simple moving average of $36.29 and a two-hundred day simple moving average of $35.87. Rollins has a 52-week low of $31.36 and a 52-week high of $43.91. The stock has a market capitalization of $12.28 billion, a PE ratio of 52.79 and a beta of 0.34.
Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $556.50 million during the quarter, compared to analysts’ expectations of $547.92 million. Rollins had a net margin of 10.42% and a return on equity of 31.20%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, equities research analysts forecast that Rollins will post 0.73 EPS for the current fiscal year.
The company also recently announced a None dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be paid a $0.155 dividend. The ex-dividend date is Thursday, November 7th. Rollins’s dividend payout ratio is currently 59.15%.
Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC increased its stake in Rollins by 782.7% in the 2nd quarter. CWM LLC now owns 1,324 shares of the business services provider’s stock worth $47,000 after buying an additional 1,174 shares during the period. Tompkins Financial Corp increased its stake in Rollins by 1,490.6% in the 2nd quarter. Tompkins Financial Corp now owns 1,527 shares of the business services provider’s stock worth $55,000 after buying an additional 1,431 shares during the period. CSat Investment Advisory L.P. increased its stake in Rollins by 70.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,074 shares of the business services provider’s stock worth $75,000 after buying an additional 858 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Rollins in the 3rd quarter worth about $97,000. Finally, Tower Research Capital LLC TRC increased its stake in Rollins by 2,219.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,896 shares of the business services provider’s stock worth $133,000 after buying an additional 3,728 shares during the period. 42.31% of the stock is currently owned by institutional investors and hedge funds.
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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