Brokerages expect that Stericycle, Inc. (NASDAQ:SRCL) will announce $1.13 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for Stericycle’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.15. Stericycle posted earnings per share of $1.18 in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The firm is expected to report its next earnings results on Thursday, July 27th.

On average, analysts expect that Stericycle will report full year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.56 to $4.70. For the next fiscal year, analysts forecast that the firm will report earnings of $4.84 per share, with EPS estimates ranging from $4.80 to $4.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Stericycle.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The business had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same period last year, the business earned $1.11 EPS. The business’s revenue was up 2.1% on a year-over-year basis.

A number of equities research analysts have recently commented on the company. Jefferies Group LLC set a $108.00 target price on Stericycle and gave the stock a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, April 25th. Barrington Research increased their target price on Stericycle from $84.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Robert W. Baird cut Stericycle from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $74.00 to $73.00 in a research report on Friday, May 5th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Stericycle in a research report on Monday, February 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Stericycle currently has an average rating of “Hold” and a consensus target price of $82.17.

Several hedge funds and other institutional investors have recently bought and sold shares of SRCL. Russell Investments Group Ltd. bought a new position in Stericycle during the fourth quarter valued at approximately $11,619,000. Commerzbank Aktiengesellschaft FI increased its position in Stericycle by 46.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,799 shares of the business services provider’s stock valued at $601,000 after buying an additional 2,486 shares during the period. State Board of Administration of Florida Retirement System increased its position in Stericycle by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 124,615 shares of the business services provider’s stock valued at $9,600,000 after buying an additional 427 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Stericycle by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,877 shares of the business services provider’s stock valued at $376,000 after buying an additional 20 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Stericycle by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 242,439 shares of the business services provider’s stock valued at $18,677,000 after buying an additional 7,191 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stericycle (SRCL) traded up 0.05% during trading on Monday, reaching $78.47. The company’s stock had a trading volume of 37,284 shares. Stericycle has a one year low of $71.52 and a one year high of $107.74. The firm has a market cap of $6.69 billion, a P/E ratio of 40.89 and a beta of 0.15. The stock’s 50 day moving average is $82.83 and its 200 day moving average is $80.54.

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About Stericycle

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

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