Rollins, Inc. (NYSE:ROL) Announces $0.15 Quarterly Dividend

Rollins, Inc. (NYSE:ROL) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.15 per share by the business services provider on Monday, June 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th.

Rollins has raised its dividend payment by an average of 31.0% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Rollins has a dividend payout ratio of 54.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rollins to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 54.1%.

Rollins Stock Performance

Shares of Rollins stock opened at $47.18 on Wednesday. The firm’s fifty day simple moving average is $45.05 and its 200-day simple moving average is $42.71. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 3.53 and a beta of 0.65. Rollins has a 12 month low of $32.19 and a 12 month high of $47.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. As a group, equities analysts forecast that Rollins will post 1 earnings per share for the current year.

Insider Buying and Selling at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the chief financial officer now directly owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was 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 $4,093,054.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,824 shares of company stock valued at $1,219,558. 4.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. UBS Group reiterated a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Finally, Morgan Stanley increased their price target on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

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.