Short Call at News Buzzer: Bob Evans Farms, Inc. (NASDAQ:BOBE), Rollins, Inc. (NYSE:ROL)

Several matter pinch shares of Bob Evans Farms, Inc. (NASDAQ:BOBE) [Trend Analysis], as shares moving down -0.39% to $47.95 with a share volume of 152492. Bob Evans Farms, Inc. (BOBE) reported it has entered into a definitive contract for the sale of Bob Evans Restaurants to an affiliate of Golden Gate Capital for $565 million plus assumption of certain net working capital liabilities at the time of closing estimated to be $40 to $50 million.

The company estimates that cash proceeds net of taxes and transaction-related costs will be $475 to $485 million. Mike Townsley, President, BEF Foods, will assume the role of President and Chief Executive Officer of Bob Evans Farms, Inc. following the closing of the Bob Evans Restaurants transaction.

Bob Evans Farms expects that its board will declare a special dividend of approximately $150 million ($7.50 per share) representing net cash proceeds from the sale of Bob Evans Restaurants after repayment of debt within 60 days following the transaction. Bob Evans Farms anticipates continuation of quarterly dividend payments, currently at $0.34 per share. The board of Bob Evans Farms surged the company’s existing share repurchase authorization to $100 million through calendar year 2017.

The stock is going forward its 52-week low with 36.63% and moving down from its 52-week high price with -13.01%. To have technical analysis views, liquidity ratio of a company was calculated 0.80 as evaluated with its debt to equity ratio of 1.70. The float short ratio was 5.94%, as compared to sentiment indicator; Short Ratio was 4.56.

Rollins, Inc. (NYSE:ROL) [Trend Analysis] luring active investment momentum, shares an increase 1.62% to $33.88. Rollins Inc. (ROL) declared fourth-quarter profit of $38 million. On a per-share basis, the Atlanta-based company said it had net income of 17 cents. The operator of Orkin and other pest and termine control services posted revenue of $385.6 million in the period. For the year, the company declared profit of $167.4 million, or 77 cents per share. Revenue was declared as $1.57 billion.

The total volume of 407351 shares held in the session was surprisingly higher than its average volume of 443.53 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 10.60%, and looking further price to next year’s EPS is 12.04%. While take a short look on price to sales ratio, that was 4.67 and price to earnings ratio of 45.91 attracting passive investors.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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