$524.65 Million in Sales Expected for Rollins, Inc. (NYSE:ROL) This Quarter

Wall Street analysts expect that Rollins, Inc. (NYSE:ROL) will post sales of $524.65 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Rollins’ earnings, with estimates ranging from $522.30 million to $527.00 million. Rollins reported sales of $480.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The business is expected to issue its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Rollins will report full year sales of $1.99 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $2.12 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Rollins.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The business had revenue of $429.10 million during the quarter, compared to analyst estimates of $438.55 million. Rollins had a net margin of 12.34% and a return on equity of 31.78%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share.

Several research analysts have weighed in on the company. ValuEngine upgraded Rollins from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Macquarie assumed coverage on Rollins in a report on Monday, April 29th. They issued a “neutral” rating and a $38.90 price target for the company. Stifel Nicolaus downgraded Rollins from a “hold” rating to a “sell” rating and cut their price target for the company from $36.50 to $25.00 in a report on Wednesday. Finally, Nomura cut their price target on Rollins from $46.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.54.

Shares of ROL opened at $35.87 on Friday. The company has a fifty day simple moving average of $37.22. The firm has a market cap of $11.75 billion, a P/E ratio of 50.52 and a beta of 0.45. Rollins has a fifty-two week low of $33.75 and a fifty-two week high of $43.91.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 10th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.42 annualized dividend and a yield of 1.17%. Rollins’s dividend payout ratio (DPR) is presently 59.15%.

Hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC acquired a new stake in shares of Rollins during the 1st quarter worth $39,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Rollins during the 4th quarter worth $45,000. CSat Investment Advisory L.P. acquired a new stake in shares of Rollins during the 4th quarter worth $46,000. Citizens Financial Group Inc RI acquired a new stake in shares of Rollins during the 1st quarter worth $52,000. Finally, QS Investors LLC increased its holdings in shares of Rollins by 6,225.9% during the 4th quarter. QS Investors LLC now owns 1,708 shares of the business services provider’s stock worth $62,000 after buying an additional 1,681 shares during the last quarter. Institutional investors and hedge funds own 40.34% of the company’s stock.

About Rollins

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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