Rollins, Inc. (NYSE:ROL) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, August 8th.
Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Saturday, July 29th. Instinet increased their price target on shares of Rollins from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Nomura reiterated a “buy” rating and issued a $40.00 price target on shares of Rollins in a research note on Thursday, April 27th.
Rollins (NYSE ROL) traded down 0.77% during midday trading on Tuesday, reaching $43.65. 448,235 shares of the company’s stock were exchanged. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 52.40 and a beta of 0.29. The firm has a 50-day moving average price of $42.42 and a 200 day moving average price of $39.64. Rollins has a 12-month low of $27.95 and a 12-month high of $44.64.
Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Rollins had a net margin of 11.22% and a return on equity of 30.26%. The business had revenue of $433.56 million during the quarter, compared to analyst estimates of $436.81 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Rollins will post $0.86 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in ROL. Vanguard Group Inc. increased its stake in shares of Rollins by 2.9% in the second quarter. Vanguard Group Inc. now owns 9,992,641 shares of the business services provider’s stock worth $406,800,000 after buying an additional 282,781 shares during the last quarter. BlackRock Inc. increased its stake in shares of Rollins by 14.7% in the second quarter. BlackRock Inc. now owns 8,686,772 shares of the business services provider’s stock worth $353,638,000 after buying an additional 1,111,350 shares during the last quarter. State Street Corp increased its stake in shares of Rollins by 22.0% in the second quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock worth $124,482,000 after buying an additional 551,185 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Rollins by 7.9% in the first quarter. Schroder Investment Management Group now owns 2,281,234 shares of the business services provider’s stock worth $84,246,000 after buying an additional 167,028 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Rollins during the second quarter worth about $64,889,000. 37.86% of the stock is currently owned by hedge funds and other institutional investors.
About Rollins
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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