William Blair Equities Analysts Boost Earnings Estimates for Rollins, Inc. (NYSE:ROL)

Rollins, Inc. (NYSE:ROL) – Equities research analysts at William Blair raised their FY2024 EPS estimates for shares of Rollins in a research note issued to investors on Thursday, April 25th. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings of $0.99 per share for the year, up from their previous estimate of $0.97. The consensus estimate for Rollins’ current full-year earnings is $0.99 per share. William Blair also issued estimates for Rollins’ FY2025 earnings at $1.08 EPS.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Rollins had a return on equity of 37.47% and a net margin of 13.94%. The firm had revenue of $748.35 million for the quarter, compared to analyst estimates of $739.12 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target on the stock. UBS Group reissued a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. Finally, Morgan Stanley increased their target price on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Rollins Stock Performance

Shares of NYSE ROL opened at $44.90 on Friday. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 3.38 and a beta of 0.63. Rollins has a one year low of $32.19 and a one year high of $47.45. The business has a fifty day simple moving average of $44.54 and a 200 day simple moving average of $42.11. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42.

Institutional Investors Weigh In On Rollins

Large investors have recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in shares of Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after acquiring an additional 260 shares in the last quarter. Spire Wealth Management increased its stake in Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after purchasing an additional 440 shares in the last quarter. Principal Securities Inc. acquired a new stake in Rollins during the 4th quarter worth approximately $36,000. Operose Advisors LLC acquired a new stake in Rollins during the 3rd quarter worth approximately $47,000. Finally, First Horizon Advisors Inc. lifted its stake in Rollins by 224.5% in the third quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,109 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the sale, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The disclosure for this sale can be found here. Insiders have sold 22,824 shares of company stock valued at $994,558 over the last 90 days. 4.69% of the stock is owned by company insiders.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. Rollins’s payout ratio is currently 67.42%.

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.