Rollins (NYSE:ROL) Shares Break Below Fifty Day Moving Average - What's Next?

Shares of Rollins, Inc. (NYSE:ROL - Get Free Report) passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $33.59 and traded as low as $33.26. Rollins shares last traded at $33.4350, with a volume of 5,248,187 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on ROL. Weiss Ratings downgraded shares of Rollins from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday. Raymond James Financial set a $35.00 price target on shares of Rollins in a research report on Thursday, July 23rd. The Goldman Sachs Group set a $42.00 price target on shares of Rollins in a research report on Thursday, October 22nd. Royal Bank Of Canada downgraded shares of Rollins from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $52.00 to $40.00 in a research note on Thursday, July 23rd. Finally, Sanford C. Bernstein cut their price target on shares of Rollins from $42.00 to $35.00 and set a "market perform" rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.82.

Rollins Stock Performance

The stock has a fifty day simple moving average of $33.59 and a two-hundred day simple moving average of $47.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 3.91 and a beta of 0.73.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm's revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, November 10th. This is an increase from Rollins's previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. Rollins's dividend payout ratio is presently 73.39%.

Hedge Funds Weigh In On Rollins

Several institutional investors have recently added to or reduced their stakes in ROL. Raiffeisen Bank International AG raised its holdings in shares of Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock valued at $27,000 after purchasing an additional 272 shares during the last quarter. Westpac Banking Corp bought a new position in shares of Rollins during the second quarter valued at about $42,000. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Rollins by 137.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider's stock valued at $37,000 after purchasing an additional 716 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Rollins during the second quarter valued at about $88,000. Finally, Assetmark Inc. boosted its holdings in Rollins by 38.7% during the first quarter. Assetmark Inc. now owns 2,166 shares of the business services provider's stock worth $116,000 after purchasing an additional 604 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company's best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.

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