Rollins, Inc. (NYSE:ROL)’s share price was down 6.5% during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $43.83 and last traded at $44.10. Approximately 1,602,861 shares changed hands during mid-day trading, an increase of 243% from the average daily volume of 467,114 shares. The stock had previously closed at $47.15.
The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Rollins had a return on equity of 30.26% and a net margin of 11.22%. The company had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. During the same quarter last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis.
The firm also recently announced a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.04%. Rollins’s payout ratio is 55.42%.
A number of equities analysts have recently commented on ROL shares. BidaskClub lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th.
In other Rollins news, insider John F. Wilson sold 12,876 shares of Rollins stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total transaction of $574,269.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 56.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of ROL. First Quadrant L P CA raised its stake in shares of Rollins by 909.7% during the second quarter. First Quadrant L P CA now owns 3,857 shares of the business services provider’s stock worth $157,000 after acquiring an additional 3,475 shares in the last quarter. Sei Investments Co. raised its stake in shares of Rollins by 1,223.2% during the second quarter. Sei Investments Co. now owns 4,499 shares of the business services provider’s stock worth $184,000 after acquiring an additional 4,159 shares in the last quarter. Hengehold Capital Management LLC purchased a new position in shares of Rollins in the third quarter worth $202,000. Clinton Group Inc. purchased a new position in shares of Rollins in the second quarter worth $217,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of Rollins in the second quarter worth $221,000. 37.30% of the stock is currently owned by hedge funds and other institutional investors.
The stock has a market cap of $9.60 billion, a P/E ratio of 52.87 and a beta of 0.31. The company has a 50-day moving average of $45.83 and a 200 day moving average of $42.75.
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Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.
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