FY2024 EPS Estimates for Rollins Decreased by Zacks Research

Rollins, Inc. (NYSE:ROL - Free Report) - Zacks Research lowered their FY2024 earnings per share estimates for Rollins in a research report issued on Wednesday, November 13th. Zacks Research analyst A. Bose now expects that the business services provider will post earnings per share of $0.99 for the year, down from their prior estimate of $1.00. The consensus estimate for Rollins' current full-year earnings is $0.99 per share. Zacks Research also issued estimates for Rollins' Q4 2025 earnings at $0.28 EPS.

A number of other equities analysts have also recently weighed in on ROL. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price objective on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $49.83.

Rollins Trading Down 0.4 %

ROL traded down $0.20 during trading on Friday, reaching $49.91. The company had a trading volume of 2,458,875 shares, compared to its average volume of 1,711,294. The firm's 50-day simple moving average is $49.55 and its 200 day simple moving average is $48.64. The company has a market cap of $24.17 billion, a price-to-earnings ratio of 51.99 and a beta of 0.70. Rollins has a 12-month low of $39.03 and a 12-month high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

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). The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share.

Hedge Funds Weigh In On Rollins

Several large investors have recently made changes to their positions in ROL. Assenagon Asset Management S.A. grew its holdings in shares of Rollins by 185.0% during the second quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider's stock worth $18,781,000 after buying an additional 249,860 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Rollins by 4,697.4% in the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider's stock valued at $14,997,000 after acquiring an additional 317,353 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Rollins in the second quarter valued at approximately $13,580,000. UniSuper Management Pty Ltd boosted its holdings in shares of Rollins by 501.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider's stock worth $1,087,000 after buying an additional 19,596 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Rollins by 23.7% during the 1st quarter. Comerica Bank now owns 142,496 shares of the business services provider's stock worth $6,593,000 after buying an additional 27,301 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now owns 84,653 shares of the company's stock, valued at approximately $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.69% of the stock is owned by insiders.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a positive change from Rollins's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a yield of 1.32%. Rollins's payout ratio is currently 68.75%.

Rollins Company Profile

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.