Zacks: Analysts Expect Rollins, Inc. (ROL) Will Post Quarterly Sales of $446.10 Million

Wall Street brokerages expect that Rollins, Inc. (NYSE:ROL) will post sales of $446.10 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Rollins’ earnings. The highest sales estimate is $447.00 million and the lowest is $445.20 million. Rollins posted sales of $414.71 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The business is expected to issue its next quarterly earnings report on Wednesday, January 23rd.

On average, analysts expect that Rollins will report full year sales of $1.82 billion for the current fiscal year. For the next financial year, analysts expect that the firm will report sales of $1.93 billion, with estimates ranging from $1.91 billion to $1.94 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Rollins.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Rollins had a net margin of 11.97% and a return on equity of 32.90%. The business had revenue of $487.70 million for the quarter, compared to the consensus estimate of $489.64 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis.

ROL has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Rollins from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 price target (up previously from $50.00) on shares of Rollins in a report on Sunday, August 12th. Buckingham Research lifted their price target on shares of Rollins from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, October 29th. Finally, Gabelli initiated coverage on shares of Rollins in a report on Monday, September 17th. They set a “hold” rating and a $51.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.80.

Hedge funds have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Rollins in the third quarter worth $117,000. Fort L.P. purchased a new position in shares of Rollins in the second quarter worth $122,000. Flagship Harbor Advisors LLC purchased a new position in shares of Rollins in the second quarter worth $174,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Rollins in the third quarter worth $207,000. Finally, BB&T Corp purchased a new position in shares of Rollins in the third quarter worth $207,000. 38.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ROL opened at $61.37 on Friday. Rollins has a 1-year low of $44.63 and a 1-year high of $64.39. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 70.54, a PEG ratio of 5.73 and a beta of 0.30.

Rollins shares are going to split before the market opens on Tuesday, December 11th. The 3-2 split was announced on Tuesday, October 23rd. The newly created shares will be issued to shareholders after the market closes on Monday, December 10th.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 9th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, November 8th. Rollins’s dividend payout ratio (DPR) is presently 64.37%.

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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