Rollins, Inc. (NYSE:ROL) to Issue $0.17 Quarterly Dividend

Rollins, Inc. (NYSE:ROL) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Tuesday, February 25th will be paid a dividend of 0.165 per share by the business services provider on Monday, March 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%.

Rollins has increased its dividend payment by an average of 21.8% per year over the last three years. Rollins has a payout ratio of 53.7% indicating that 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 $0.66 annual dividend with an expected future payout ratio of 60.6%.

Rollins Stock Down 0.4 %

Rollins stock opened at $48.43 on Thursday. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 50.45 and a beta of 0.75. Rollins has a 52 week low of $40.41 and a 52 week high of $52.16. The business’s 50-day moving average price is $48.29 and its 200 day moving average price is $48.92. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company 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%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Rollins will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on ROL shares. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Morgan Stanley raised their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Five 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 a consensus rating of “Hold” and an average target price of $51.50.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’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 owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.69% of the company’s stock.

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.