Rollins, Inc. (NYSE:ROL) declared a quarterly dividend on Tuesday, October 23rd, RTT News reports. Shareholders of record on Friday, November 9th will be given a dividend of 0.14 per share by the business services provider on Monday, December 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 8th.
Rollins has raised its dividend by an average of 18.0% annually over the last three years and has raised its dividend every year for the last 14 years. Rollins has a dividend payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Rollins to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 31.4%.
ROL opened at $59.35 on Friday. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 5.51 and a beta of 0.30. Rollins has a 1-year low of $44.43 and a 1-year high of $64.39.
Rollins shares are set 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 closing bell on Monday, December 10th.
Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The business had revenue of $487.70 million during the quarter, compared to analyst estimates of $489.64 million. Rollins had a net margin of 11.97% and a return on equity of 32.90%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. On average, sell-side analysts anticipate that Rollins will post 1.09 EPS for the current year.
Several research firms have recently commented on ROL. Zacks Investment Research raised shares of Rollins from a “sell” rating to a “hold” rating in a report on Wednesday. Buckingham Research boosted their target price on shares of Rollins from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, October 29th. Gabelli began coverage on shares of Rollins in a report on Monday, September 17th. They issued a “hold” rating and a $51.00 target price on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $55.00 target price (up previously from $50.00) on shares of Rollins in a report on Saturday, August 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rollins currently has a consensus rating of “Hold” and a consensus target price of $55.80.
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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