Stericycle, Inc. (NASDAQ:SRCL) Set to Announce Quarterly Earnings on Thursday
Stericycle, Inc. (NASDAQ:SRCL) is scheduled to announce its earnings results after the market closes on Thursday, August 3rd. Analysts expect the company to announce earnings of $1.13 per share for the quarter.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. The firm had revenue of $892.40 million for the quarter, compared to analyst estimates of $874.34 million. During the same quarter last year, the firm posted $1.11 earnings per share. Stericycle’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect Stericycle to post $4.62 EPS for the current fiscal year and $4.82 EPS for the next fiscal year.
Stericycle, Inc. (NASDAQ:SRCL) opened at 76.55 on Thursday. Stericycle, Inc. has a 12-month low of $71.52 and a 12-month high of $106.82. The company has a 50-day moving average of $77.16 and a 200 day moving average of $80.74. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 39.89 and a beta of 0.13.
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SRCL has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 price target on shares of Stericycle in a research report on Thursday, March 30th. Barclays PLC initiated coverage on Stericycle in a research report on Thursday, April 13th. They issued an “overweight” rating and a $100.00 price target on the stock. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, April 25th. Robert W. Baird cut Stericycle from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $74.00 to $73.00 in a research report on Friday, May 5th. Finally, Deutsche Bank AG lowered their price target on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Stericycle presently has an average rating of “Hold” and an average price target of $81.15.
Stericycle Company Profile
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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