Thursday, 27 July 2017 07:10 AM
Research Desk Line-up: Cintas Post Earnings Coverage
LONDON, UK / ACCESSWIRE / July 27, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Rollins, Inc., (NYSE: ROL), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ROL. The Company announced on July 25, 2017, that it has entered into a definitive purchase agreement with Northwest Exterminating Co. ("Northwest ") to acquire its pest control business. For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
Discover more of our free reports coverage from other companies within the Business Services industry. Pro-TD has currently selected Cintas Corporation (NASDAQ: CTAS) for due-diligence and potential coverage as the Company reported on July 20, 2017, its financial results for Q4 FY17 and full year FY17 which ended on May 31, 2017. Tune into our site to register for a free membership, and be among the early birds that get our report on Cintas when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ROL; also brushing on CTAS. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/?symbol=ROL
http://protraderdaily.com/optin/?symbol=CTAS
Transaction Details
As per the agreement, Rollins will purchase Northwest with an all-cash consideration. Currently, the transaction is subject to the satisfaction of customary conditions and regulatory approval. It is expected to close in early August 2017.
This transaction marks Rollins' largest acquisition since that of HomeTeam Pest Defense in 2008.
Rollins to Benefit from Northwest's Long-standing Reputation
John Wilson, President and Chief Operating Officer of Rollins, expressed his pleasure on entering into this agreement with Northwest. He was hopeful that this partnership would provide great opportunity to both Companies to grow and learn from each other. He expects a lot of benefits from this great combination of Rollins and Northwest. In this regard, he also applauded Northwest's loyal team and reputation for excellent service. He announced that Rollins is looking forward to working with Northwest's President, Steve Phillips, and his great group of professionals.
L.A. Phillips and his wife Emma Lene Phillips founded and operated Northwest in 1951. Since then, the Company has developed from a family of two to a family of nearly 500 members with more than 23 service centers throughout the southeast. Now, the Company is based in Marietta and provides pest control, termite, and wildlife services for more than 120,000 customers in Georgia, South Carolina, Tennessee, Alabama, and North Carolina. Over the years, the Company has developed a strong reputation and solid relationships with premier home builders to provide pre-treatment services.
The Company reported revenue of about $50 million in 2016. Moreover, the industry trade publication CT Magazine listed Northwest as the 17th largest pest control operator in the country in its recent 2017 list.
No Change in Northwest's Management Team
As per the agreement, Rollins will partner with the Phillips family, who will remain with the Company post the acquisition. Similarly, their existing management team will also continue to be a part of the Company. Northwest will continue its operations as a separate business and would become one of Rollins' Specialty Brands such as the existing HomeTeam, Western Pest Services, and Waltham.
Steve Phillips, son of the founder of Northwest Exterminating Co. expressed his excitement on partnering with Rollins Inc. He believes that Rollins will take good care of the existing team members of Northwest, and provide exceptional service to its customers after the transition of ownership. He stated that Rollins Inc. shared the three core values on which Northwest was founded, i.e. honesty, integrity, and excellence.
About Rollins, Inc.
Rollins is a leading consumer and commercial services company. It was launched on February 24, 1948. The Company provides essential pest control services and protection against termite damage, rodents, and insects to more than two million customers in the United States, Canada, Central America, South America, Caribbean, Middle-East, Asia, Mediterranean, Europe, Africa, Mexico, and Australia from more than 700 locations through its wholly owned subsidiaries, Orkin LLC, HomeTeam Pest Defense, Orkin Canada, Western Pest Services, Critter Control, Inc., The Industrial Fumigant Company, Trutech LLC., Rollins Australia, Waltham Services LLC., PermaTreat, Rollins UK, and Crane Pest Control.
Last Close Stock Review
At the closing bell, on Wednesday, July 26, 2017, Rollins' stock climbed 4.52%, ending the trading session at $43.49. A total volume of 815.45 thousand shares have exchanged hands, which was higher than the 3-month average volume of 680.44 thousand shares. The Company's stock price soared 14.48% in the last three months, 24.51% in the past six months, and 49.63% in the previous twelve months. Moreover, the stock rallied 28.74% since the start of the year. The stock is trading at a PE ratio of 53.96 and has a dividend yield of 1.06%. The stock currently has a market cap of $9.46 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily