Latest news with #Rollins
Yahoo
12 hours ago
- Business
- Yahoo
Is Rollins Stock Outperforming the Dow?
With a market cap of $27.5 billion, Rollins, Inc. (ROL) is a global leader in pest and termite control services, best known for its flagship brand Orkin. Headquartered in Atlanta, Georgia, the company operates in over 70 countries, serving residential and commercial clients. Companies valued at $10 billion or more are generally described as 'large-cap stocks,' and Rollins definitely fits that description. With a highly recurring revenue model, Rollins delivers consistent growth through a mix of organic expansion and strategic acquisitions. Its business is considered recession-resistant, supported by strong cash flow, low debt, and over two decades of dividend increases. Dear Tesla Stock Fans, Mark Your Calendars for June 22 Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Nvidia Says Quantum Computing Is Nearing an 'Inflection Point.' Here Are the 3 Best Stocks to Buy Now to Profit. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! ROL recently touched its 52-week high of 58.65 on June 3 and is currently trading 3.8% below the peak. Shares of Rollins have gained over 8.9% over the past three months, surpassing the broader Dow Jones Industrial Average's ($DOWI) marginal rise during the same time frame. Rollins has gained an impressive 21.7% year-to-date, significantly outperforming the Dow Industrials' marginal decline. Over the past 52 weeks, ROL shares have climbed 14.5%, also beating the Dow's 8.9% gain during the same period. The stock has been trading above the 50-day and 200-day moving averages since the end of January, indicating an uptrend. Rollins' stock edged marginally following its Q1 2025 earnings release on April 23. The company reported $822.5 million in revenue, reflecting a 9.9% year-over-year increase and topping the $816.2 million consensus. Adjusted operating income rose 6.7% to $147 million, with margins holding steady at 17.9%. Adjusted EPS came in at $0.22, up 10% year-over-year, matching analyst forecasts. In the competitive pest control and services space, contender H&R Block, Inc. (HRB) has trailed behind Rollins in terms of performance. HRB shares are up 6.4% over the past 52 weeks and have posted a modest 4.8% gain year-to-date, falling short of ROL's stronger returns over both periods. Among the 10 analysts covering the stock, there is a consensus rating of 'Moderate Buy,' and the mean price target of $57.11 reflects a premium of 1.2% from the current market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
17 hours ago
- Politics
US plans to open fly factory in Texas as part of fight against flesh-eating parasite
The U.S. government plans to open what amounts to a fly factory by the end of the year, announcing its intent Wednesday to breed millions of the insects in Texas near the border with Mexico as part of an effort to keep a flesh-eating parasite from infesting American cattle. Agriculture Secretary Brooke Rollins said sterile male New World screwworm flies bred at the $8.5 million facility would be released into the wild to mate with females and prevent them from laying the eggs in wounds that become flesh-eating larva. It would be only the second facility for breeding such flies in the Western Hemisphere, joining one in Panama that had largely kept the flies from migrating further north until last year. The fly's appearance in southern Mexico late last year has worried agriculture and cattle industry officials and veterinarians' groups, and the U.S. last month suspended imports of live cattle, horses and bison from Mexico. The U.S. Department of Agriculture also plans to spend $21 million to convert a facility for breeding fruit flies near Mexico's southernmost border with Guatemala into one for breeding sterile New World screwworm flies, but it won't be ready for 18 months. The U.S. bred and released sterile New World screwworm flies into the wild decades ago, and it was largely banished from the country in the 1960s. Previously, it had been an annual scourge for cattle ranchers and dairy farmers, particularly in the Southeast. 'The United States has defeated NWS before, and we will do it again," Rollins said. She held a news conference at Moore Air Base with Texas and cattle industry officials. Mexican Agriculture Secretary Julio Berdegué said in a post Wednesday on X that Rollins' plan 'seems to us a positive step in different aspects, it will strengthen the joint Mexico-US work.' 'We trust the enthusiasm for cooperation that Secretary Rollins mentioned, and based on objective results and the reports from the USDA mission visiting us this week, we will be able to restart exports of our cattle as soon as possible," he said. The new Texas facility would be built at Moore Air Base, less than 20 miles (32 kilometers) from the Mexico border, and the USDA said it would also consider building a companion fly-breeding center there so that up to 300 million flies could be produced a week. The Panama facility breeds about 100 million a week, and the one in Mexico could breed as many as 100 million as well. The USDA has said the flies have been detected as close as 700 miles (1,127 kilometers) from the U.S. border, and some U.S. agriculture and cattle industry officials have worried that if the migration isn't checked, the flies could reach the border by the end of summer. Pressure from the U.S. prompted Mexico to step up efforts to control the fly's spread. Buck Wehrbein, a Nebraska cattle rancher and the president of the National Beef Cattlemen's Association, said Moore Air Base had a fly-breeding facility in the 1960s that helped eradicate it in the U.S. While there are treatments for New World screwworm infestations, cattle industry officials still worry that farmers and ranchers could see huge economic losses. They, agriculture officials and scientists also said the larva can infest any mammal, including household pets, and it has occasionally been seen in humans. 'The only way to protect the American cattle herd from the devastating threat of New World screwworm is by having a sufficient supply of sterile flies to push this pest away from our border,' Wehrbein said. Texas officials said they are grateful that the U.S. is taking the screwworm threat serious and pleased with the plans for combating it, including the new facility in Texas. Officials in other states are watching the fly's migration as well and see having sterile male flies outnumber the non-sterile one is crucial to checking its migration. 'We have a real concern about wildlife because of their ability to cross the border unchecked somewhat, whether it's feral pigs, deer, wild cattle, whatever the case may be,' Kansas Animal Health Commissioner Justin Smith said in a recent interview. 'There's an opportunity for them to be our exposure risk.'
New York Post
a day ago
- Science
- New York Post
US government to build $8.5M fly breeding factory to mass produce millions of flesh-eating parasites — here's why
Fighting flies with flies. The US government will be opening a fly factory in Texas to mass produce millions of infertile flies as part of a sterilization campaign aimed at eliminating a flesh-eating parasite with a penchant for beef. The $8.5 million breeding facility, just 20 miles from the US-Mexico border, will focus on the New World screwworm flies wreaking havoc in Mexico after an outbreak last year, Agriculture Secretary Brooke Rollins announced Wednesday. Advertisement 5 The United States government will open a fly breeding facility in Texas. via REUTERS The factory will propagate millions of sterile male screwworm flies to be released into the wild. The male flies will seek out fertile females and help prevent them from laying eggs, which they frequently deposit in cows' open wounds. 5 Female New World screwworm flies lay eggs that often produce flesh-eating larvae. AP When left to fester, flesh-eating larvae burst from the eggs and can decimate entire herds of cows. Advertisement While the flesh-eating parasites are treatable, they can spread to virtually any mammal, including household pets and, in some cases, humans. The Texas facility will mark the second of its kind on the Western Hemisphere. Up until now, Panama held the sole factory that helped prevent the screwworm flies from migrating north until last year. Two more fly breeding facilities are on the horizon, too. Advertisement 5 Screwworm flies were first pushed out of the US in the 1960s. AP The Department of Agriculture also plans to spend $21 million to convert a separate facility that breeds fruit flies near Mexico's southern border with Guatemala into a screwworm fly factory that won't be complete until the end of 2026. The USDA added that it is considering constructing a companion breeding center near the Texas one that would produce up to 300 million flies a week. The US tackled a prior screwworm fly issue during the 20th century through the same method and eventually eradicated the gnarly pests from the country in the 1960s. Advertisement Before that, screwworms were a persistent issue for cattle farmers in the Southeast. 5 Secretary of Agriculture Brooke Rollins is confident the US will 'defeat NWS' again. X /@BeefUSA 'The United States has defeated [the New World screwworm] before, and we will do it again,' Rollins assured at a news conference Wednesday. Mexican Agriculture Secretary Julio Berdegué celebrated the multi-nation collaboration in a post on X and called Rollins' plan 'a positive step in different aspects' that 'will strengthen the joint Mexico-US work.' 'We trust the enthusiasm for cooperation that Secretary Rollins mentioned, and based on objective results and the reports from the USDA mission visiting us this week, we will be able to restart exports of our cattle as soon as possible,' he wrote. 5 The flesh-eating parasites can spread to virtually any mammal, including humans. REUTERS The USDA warned that the flies have been detected just 700 miles away from the US border. Some agriculture and cattle industry officials in the US worry that the swarms could be at the border by the end of the summer — right when calving season starts. With Post wires
UPI
a day ago
- General
- UPI
USDA seeks to combat spread of New World screwworms into U.S.
The U.S. Department of Agriculture has temporarily suspended the transport of live cattle from Mexico to stop the spread of the New World screwworm. Pictured are cattle on a ranch in Tapachula on May 22. Photo by Juan Manuel Blanco/EPA-EFE June 18 (UPI) -- U.S. Secretary of Agriculture Brooke Rollins on Wednesday announced a plan to enhance the agency's ability to detect, control and eliminate the New World screwworm, including an $8.5 million fly dispersal facility in South Texas. The screwworm, which affects livestock, wildlife, pets and, in rare cases, humans, has been eradicated from the United States for decades. But it has been detected in Mexico as far north as Oaxaca and Veracruz, about 700 miles away from the U.S. border. This led to the immediate suspension of live cattle, horse and bison imports through U.S. ports of entry along the southern border on May 11. When NWS maggots burrow into the flesh of a living animal, they cause serious and often deadly damage to the animal, USDA said. Mature screwworm larvae can grow up to two-thirds of an inch. "The United States has defeated NWS before and we will do it again," Rollins said. "We do not take lightly the threat NWS poses to our livestock industry, our economy and our food supply chain. The United States government will use all resources at its disposal to push back NWS, and today's announcement of a domestic strategy to bolster our border defenses is just the beginning. "We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle." Rollins appeared at the dispersal facility groundbreaking at Moore Air Base in Metapa. The agency plans to have the building completed later this year. The facility will provide an additional 60 million to 100 million sterile flies a week to stop the spread, on top of more than 100 million already produced in Panama. She met with cattle fever tick riders along the Rio Grande River. If the NWS advances northward into the United States, these tick riders "will play a crucial role in spotting and combating this pest," an agency news release said. "Texas is on the front lines of the threat posed by the New World screwworm," Texas Gov. Greg Abbott said. "Proactive measures like this dispersal facility are a critical step to ensure our state and nation are prepared to respond swiftly and effectively to this challenge." The Texas and Southwestern Cattle Raisers Association backs the USGA plan. "Today's announcement is pivotal in protecting the U.S. cattle industry," Stephen Diebel, executive vice president, said. "Sterile flies are the only known way to stop the reproduction and continued expansion of New World screwworm, and it's assuring to see Secretary Rollins follow through her early commitments to increasing production of sterile flies domestically." Ethan Lane, vice president of government affairs for the National Cattlemen's Beef Association told Brownfield Ag News: "We have some resources to slow that spread in Mexico. We need all of Mexico's cooperation in order to achieve that. That means not just allowing the planes to get down there and disperse the flies but the monitoring, the movement controls, the wildlife aspect of this." The USDA recently spent $21 million to help renovate an existing fruit fly production facility in Metapa, Mexico. USDA will support Mexico's strategic trapping along the shared border. Animal and Plant Health Inspection Service cattle fever tick riders will work with U.S. Customs & Border Protection and state partners to intercept and treat stray and illegally introduced livestock. USDA plans to remove any federal regulatory hurdles for sufficient treatments and work with state officials on emergency management plans in states including Texas, Arizona and New Mexico. Besides building the insect dispersal facility, the USDA is exploring other options to eradicate the insect. That includes using new technologies and also building another fly-production center at Moore Air Base. That facility could boost domestic sterile fly production by up to 300 million flies per week. The USGA also is studying the development of better traps and lures, as well as assessing strains or genetically modified versions of the pest that could help in eradication efforts.
Winnipeg Free Press
a day ago
- Politics
- Winnipeg Free Press
The US plans to open a fly factory in Texas as part of its fight against a flesh-eating parasite
The U.S. government plans to open what amounts to a fly factory by the end of the year, announcing its intent Wednesday to breed millions of the insects in Texas near the border with Mexico as part of an effort to keep a flesh-eating parasite from infesting American cattle. Agriculture Secretary Brooke Rollins said sterile male New World screwworm flies bred at the $8.5 million facility would be released into the wild to mate with females and prevent them from laying the eggs in wounds that become flesh-eating larva. It would be only the second facility for breeding such flies in the Western Hemisphere, joining one in Panama that had largely kept the flies from migrating further north until last year. The fly's appearance in southern Mexico late last year has worried agriculture and cattle industry officials and veterinarians' groups, and the U.S. last month suspended imports of live cattle, horses and bison from Mexico. The U.S. Department of Agriculture also plans to spend $21 million to convert a facility for breeding fruit flies near Mexico's southernmost border with Guatemala into one for breeding sterile New World screwworm flies, but it won't be ready for 18 months. The U.S. bred and released sterile New World screwworm flies into the wild decades ago, and it was largely banished from the country in the 1960s. Previously, it had been an annual scourge for cattle ranchers and dairy farmers, particularly in the Southeast. 'The United States has defeated NWS before, and we will do it again,' Rollins said. She held a news conference at Moore Air Base with Texas and cattle industry officials. Mexican Agriculture Secretary Julio Berdegué said in a post Wednesday on X that Rollins' plan 'seems to us a positive step in different aspects, it will strengthen the joint Mexico-US work.' 'We trust the enthusiasm for cooperation that Secretary Rollins mentioned, and based on objective results and the reports from the USDA mission visiting us this week, we will be able to restart exports of our cattle as soon as possible,' he said. The new Texas facility would be built at Moore Air Base, less than 20 miles (32 kilometers) from the Mexico border, and the USDA said it would also consider building a companion fly-breeding center there so that up to 300 million flies could be produced a week. The Panama facility breeds about 100 million a week, and the one in Mexico could breed as many as 100 million as well. The USDA has said the flies have been detected as close as 700 miles (1,127 kilometers) from the U.S. border, and some U.S. agriculture and cattle industry officials have worried that if the migration isn't checked, the flies could reach the border by the end of summer. Pressure from the U.S. prompted Mexico to step up efforts to control the fly's spread. Buck Wehrbein, a Nebraska cattle rancher and the president of the National Beef Cattlemen's Association, said Moore Air Base had a fly-breeding facility in the 1960s that helped eradicate it in the U.S. While there are treatments for New World screwworm infestations, cattle industry officials still worry that farmers and ranchers could see huge economic losses. They, agriculture officials and scientists also said the larva can infest any mammal, including household pets, and it has occasionally been seen in humans. 'The only way to protect the American cattle herd from the devastating threat of New World screwworm is by having a sufficient supply of sterile flies to push this pest away from our border,' Wehrbein said. Texas officials said they are grateful that the U.S. is taking the screwworm threat serious and pleased with the plans for combating it, including the new facility in Texas. Officials in other states are watching the fly's migration as well and see having sterile male flies outnumber the non-sterile one is crucial to checking its migration. 'We have a real concern about wildlife because of their ability to cross the border unchecked somewhat, whether it's feral pigs, deer, wild cattle, whatever the case may be,' Kansas Animal Health Commissioner Justin Smith said in a recent interview. 'There's an opportunity for them to be our exposure risk.'
