Rollins' (ROL) Q3 Earnings Match Estimates, Revenues Beat
Rollins, Inc.’s ROL third-quarter 2019 earnings came in line with the Zacks Consensus Estimate and revenues beat the same.
Adjusted earnings came in at 22 cents per share, up 4.8% year over year. Revenues of $556.5 million beat the consensus mark by $10.5 million and improved 14.1% year over year.
Rollins, Inc. Revenue (TTM)
Income before income taxes of $46.1 million declined 48.7% year over year. Net income of $44.1 million decreased 33.9%. Sales, general and administrative expenses of $167.2 million were up 15.2% year over year.
Rollins exited the third quarter with cash and cash equivalents balance of $104.4 million compared with $98.5 million in the prior quarter. Long-term debt at the end of the quarter was $313.5 million.
The company terminated its fully-funded pension plan in the quarter with the transfer of $198.3 million of U.S. pension obligations.
We observe that shares of the company have gained 0.5% year to date, underperforming the 8.7% rally of the industry it belongs to.
Zacks Rank & Stocks to Consider
Currently, Rollins carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Zacks Business Services sector are CoreLogic CLGX, S&P Global SPGI and Paychex PAYX. While CoreLogic sports a Zacks Rank #1 (Strong Buy), S&P Global and Paychex carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings (three to five years) growth rate for CoreLogic, S&P Global and Paychex is estimated at 11%, 10% and 9%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click to get this free report
S&P Global Inc. (SPGI): Free Stock Analysis Report
Rollins, Inc. (ROL): Free Stock Analysis Report
CoreLogic, Inc. (CLGX): Free Stock Analysis Report
Paychex, Inc. (PAYX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.