Royal Bank of Canada Raises Rollins (NYSE:ROL) Price Target to $51.00

Rollins (NYSE:ROL) had its target price hoisted by Royal Bank of Canada from $50.00 to $51.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has a sector perform rating on the business services provider’s stock.

Shares of NYSE ROL traded up $0.77 during midday trading on Thursday, reaching $52.40. 1,170,474 shares of the company were exchanged, compared to its average volume of 1,015,951. The company has a current ratio of 0.76, a quick ratio of 0.68 and a debt-to-equity ratio of 0.28. Rollins has a 1 year low of $30.72 and a 1 year high of $52.44. The stock has a fifty day simple moving average of $44.62 and a 200 day simple moving average of $39.98. The stock has a market cap of $17.17 billion, a P/E ratio of 70.81 and a beta of 0.42.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Rollins had a return on equity of 29.41% and a net margin of 10.15%. The firm had revenue of $553.30 million for the quarter, compared to analyst estimates of $542.03 million. During the same quarter last year, the company posted $0.20 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Rollins will post 0.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be given a $0.08 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. Rollins’s payout ratio is currently 43.84%.

A number of large investors have recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. increased its stake in shares of Rollins by 62.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 223,006 shares of the business services provider’s stock worth $9,281,000 after purchasing an additional 86,010 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Rollins by 3.3% during the 4th quarter. Guggenheim Capital LLC now owns 24,803 shares of the business services provider’s stock worth $822,000 after purchasing an additional 793 shares in the last quarter. Marshall Wace LLP purchased a new stake in Rollins in the 4th quarter worth approximately $60,000. Man Group plc grew its stake in Rollins by 143.8% in the 4th quarter. Man Group plc now owns 220,369 shares of the business services provider’s stock worth $7,308,000 after acquiring an additional 129,964 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Rollins by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 281,869 shares of the business services provider’s stock worth $9,347,000 after acquiring an additional 3,594 shares during the period. Hedge funds and other institutional investors own 40.77% 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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Analyst Recommendations for Rollins (NYSE:ROL)

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