Rollins (NYSE:ROL) Hits New 1-Year Low - What's Next?

Key Points

• Rollins shares hit a new 52-week low, trading as low as $35.49 and closing near $35.78, well below the 50-day and 200-day moving averages.
• Analyst sentiment has weakened, with several firms cutting price targets; the consensus rating is “Hold” with an average target of $48.71.
• Rollins slightly missed quarterly EPS and revenue estimates despite 7.9% year-over-year revenue growth. The company declared a quarterly dividend of $0.1825 per share, representing a 2.0% yield.

Rollins, Inc. (NYSE:ROL - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $35.49 and last traded at $35.7780, with a volume of 260190 shares trading hands. The stock had previously closed at $36.19.

Analysts Set New Price Targets

Several research analysts have recently commented on ROL shares. Zacks Research lowered shares of Rollins from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Piper Sandler dropped their price target on shares of Rollins from $72.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Citigroup assumed coverage on shares of Rollins in a report on Wednesday, July 15th. They set a "neutral" rating and a $46.00 price objective for the company. Royal Bank Of Canada lowered shares of Rollins from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane dropped their target price on shares of Rollins from $63.00 to $44.00 and set a "hold" rating on the stock in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $48.71.

Rollins Trading Down 0.8%

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.63 and a quick ratio of 0.58. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 3.95 and a beta of 0.74. The business has a fifty day moving average price of $39.99 and a 200 day moving average price of $48.84.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Rollins had a return on equity of 38.81% and a net margin of 13.55%.The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company's revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.18 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, August 10th. Rollins's dividend payout ratio is currently 66.36%.

Hedge Funds Weigh In On Rollins

Institutional investors and hedge funds have recently bought and sold shares of the business. DV Equities LLC bought a new position in Rollins in the fourth quarter valued at about $25,000. Cornerstone Planning Group LLC grew its position in shares of Rollins by 528.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock valued at $26,000 after purchasing an additional 354 shares during the period. Raiffeisen Bank International AG raised its holdings in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock worth $27,000 after acquiring an additional 272 shares during the period. Westpac Banking Corp acquired a new position in shares of Rollins during the second quarter worth about $42,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Rollins during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Company Profile

Rollins, Inc NYSE: ROL is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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