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)


Rollins, Inc. Revenue (TTM)

Rollins, Inc. revenue-ttm | Rollins, Inc. Quote


Quarterly Details

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.

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