Rollins, Inc. Announces Quarterly Dividend of $0.15 (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.15 per share by the business services provider on Monday, June 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%.

Rollins has raised its dividend payment by an average of 31.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Rollins has a payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rollins to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 55.0%.

Rollins Trading Up 0.5 %

Shares of NYSE:ROL opened at $42.87 on Thursday. The company has a 50 day moving average of $44.41 and a 200-day moving average of $42.04. The firm has a market cap of $20.77 billion, a P/E ratio of 48.72, a P/E/G ratio of 3.37 and a beta of 0.63. Rollins has a twelve month low of $32.19 and a twelve month high of $47.45. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. As a group, analysts anticipate that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the sale, the insider now owns 14,376 shares in the company, valued at $625,068.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the sale, the insider now owns 14,376 shares in the company, valued at $625,068.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 5,147 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $46.00, for a total transaction of $236,762.00. Following the sale, the insider now owns 35,387 shares in the company, valued at approximately $1,627,802. The disclosure for this sale can be found here. Insiders have sold 22,824 shares of company stock worth $994,558 over the last 90 days. 4.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group began coverage on shares of Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price on the stock. Finally, UBS Group reiterated a “neutral” rating and issued a $49.00 target price on shares of Rollins in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.83.

About Rollins

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.