Rollins, Inc. (ROL) To Go Ex-Dividend on February 25th

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Investors of record on Tuesday, February 25th will be given 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 yield of 1.36%. The ex-dividend date is Tuesday, February 25th.

Rollins has raised its dividend by an average of 21.8% annually over the last three years. Rollins has a dividend payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. 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 Performance

NYSE:ROL opened at $48.60 on Friday. Rollins has a 1-year low of $40.41 and a 1-year high of $52.16. The firm has a 50-day moving average of $48.23 and a two-hundred day moving average of $48.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $23.53 billion, a P/E ratio of 50.62 and a beta of 0.75.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. On average, research analysts expect that Rollins will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.69% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ROL. UBS Group lifted their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley lifted their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Canaccord Genuity Group assumed coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and an average target price of $51.50.

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.