Rollins, Inc. Forecasted to Earn Q1 2024 Earnings of $0.19 Per Share (NYSE:ROL)

Rollins, Inc. (NYSE:ROLFree Report) – Research analysts at William Blair decreased their Q1 2024 earnings per share (EPS) estimates for Rollins in a research report issued on Thursday, February 15th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $0.19 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Rollins’ current full-year earnings is $0.99 per share. William Blair also issued estimates for Rollins’ Q2 2024 earnings at $0.26 EPS and Q3 2024 earnings at $0.30 EPS.

ROL has been the subject of several other reports. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group initiated coverage on Rollins in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target for the company. UBS Group dropped their price target on Rollins from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Finally, Morgan Stanley initiated coverage on Rollins in a research note on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.83.

Read Our Latest Analysis on Rollins

Rollins Stock Up 0.1 %

NYSE ROL opened at $40.95 on Monday. The business has a fifty day moving average price of $43.21 and a two-hundred day moving average price of $40.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.65. Rollins has a fifty-two week low of $32.19 and a fifty-two week high of $45.04. The stock has a market capitalization of $19.82 billion, a PE ratio of 46.53, a PEG ratio of 2.83 and a beta of 0.64.

Rollins (NYSE:ROLGet Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The business had revenue of $754.10 million for the quarter, compared to the consensus estimate of $753.40 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. Rollins’s payout ratio is currently 68.18%.

Insiders Place Their Bets

In other Rollins news, CEO Jerry Jr. Gahlhoff sold 3,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $42.00, for a total transaction of $126,000.00. Following the completion of the sale, the chief executive officer now directly owns 215,091 shares in the company, valued at approximately $9,033,822. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.

Institutional Trading of Rollins

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC grew its stake in shares of Rollins by 72.4% in the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after buying an additional 260 shares during the period. Eagle Bay Advisors LLC bought a new position in Rollins in the 2nd quarter valued at about $29,000. KB Financial Partners LLC bought a new position in Rollins in the 1st quarter valued at about $32,000. Spire Wealth Management lifted its position in Rollins by 139.7% in the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 440 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in Rollins in the 4th quarter valued at about $36,000. 38.98% of the stock is currently owned by institutional investors and hedge funds.

About Rollins

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for Rollins (NYSE:ROL)

Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.