ROL Stock Recent News

ATLANTA , Aug. 31, 2023 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that Rollins Leadership plans to present and attend meetings at the following investor conferences: Stifel London Industrials Summit at the Stifel London Office, September 7 th, 2023, presenting 4:30 a.m. – 5:10 a.m.

Rollins (ROL) reported earnings 30 days ago. What's next for the stock?

Rollins (ROL) is benefited by a strong demand environment and a healthy combination of organic and inorganic growth. Integration risk persists.

Although the revenue and EPS for Rollins (ROL) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Rollins' (ROL) second-quarter 2023 revenues increase year over year.

Rollins (ROL) came out with quarterly earnings of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.20 per share a year ago.

Rollins, a global pest control service, operates in a market expected to grow by 5.7% through 2032 to $39 billion. The company currently holds a 12% market share. Rollins operates in 70 countries with over 800 company-owned and franchised locations, competing with over 20,000 companies in the US alone. The company is actively consolidating the fragmented market through frequent small and infrequent large acquisitions, with around 80% of its revenue being recurring.

Rollins' (ROL) consistent dividend payment policies bode well amid rising expenses.

Investors have long favored growth and income stocks which deliver reliable dividends and modest capital appreciation over time. But these high P/E blue chips carry risk if the price isn't right.

Rollins (ROL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).