Rollins (ROL) Shares Set to Split on Tuesday, December 11th

Shares of Rollins, Inc. (NYSE:ROL) are going to split on the morning of Tuesday, December 11th. The 3-2 split was announced on Tuesday, October 23rd. The newly created shares will be distributed to shareholders after the closing bell on Monday, December 10th.

ROL stock opened at $60.00 on Friday. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 68.97, a price-to-earnings-growth ratio of 5.61 and a beta of 0.30. Rollins has a 1-year low of $44.71 and a 1-year high of $64.39.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm had revenue of $487.70 million for the quarter, compared to analyst estimates of $489.64 million. Rollins had a return on equity of 32.90% and a net margin of 11.97%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. On average, equities analysts predict that Rollins will post 1.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.93%. Rollins’s dividend payout ratio is presently 64.37%.

Several research analysts have weighed in on ROL shares. Zacks Investment Research upgraded Rollins from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Buckingham Research lifted their target price on Rollins from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Gabelli started coverage on Rollins in a report on Monday, September 17th. They set a “hold” rating and a $51.00 target price on the stock. ValuEngine upgraded Rollins from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $55.00 target price (up from $50.00) on shares of Rollins in a report on Sunday, August 12th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Rollins presently has a consensus rating of “Buy” and a consensus price target of $55.80.

Several institutional investors have recently modified their holdings of the company. Capital Analysts LLC lifted its holdings in shares of Rollins by 1.1% in the third quarter. Capital Analysts LLC now owns 81,865 shares of the business services provider’s stock valued at $4,968,000 after purchasing an additional 889 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Rollins by 11.3% in the third quarter. Nordea Investment Management AB now owns 9,533 shares of the business services provider’s stock valued at $579,000 after purchasing an additional 967 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Rollins by 10.9% in the third quarter. Baird Financial Group Inc. now owns 10,062 shares of the business services provider’s stock valued at $596,000 after purchasing an additional 986 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Rollins by 8.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,960 shares of the business services provider’s stock valued at $734,000 after purchasing an additional 1,069 shares in the last quarter. Finally, RB Capital Management LLC lifted its holdings in shares of Rollins by 12.6% in the second quarter. RB Capital Management LLC now owns 10,522 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 1,175 shares in the last quarter. Institutional investors own 37.72% of the company’s stock.

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Rollins Company Profile

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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