Analysts Set Expectations for Stericycle, Inc.’s Q3 2017 Earnings (NASDAQ:SRCL)
Stericycle, Inc. (NASDAQ:SRCL) – Investment analysts at Oppenheimer Holdings dropped their Q3 2017 EPS estimates for shares of Stericycle in a research note issued to investors on Thursday. Oppenheimer Holdings analyst S. Schneeberger now expects that the business services provider will earn $1.16 per share for the quarter, down from their previous estimate of $1.18. Oppenheimer Holdings also issued estimates for Stericycle’s Q4 2017 earnings at $1.22 EPS and FY2018 earnings at $4.80 EPS.
Several other research firms have also issued reports on SRCL. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Wednesday, July 5th. Barclays PLC initiated coverage on Stericycle in a report on Thursday, April 13th. They issued an “overweight” rating and a $100.00 price target for the company. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $108.00 price target on shares of Stericycle in a report on Thursday, July 13th. Finally, BMO Capital Markets initiated coverage on Stericycle in a report on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.15.
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Stericycle (NASDAQ:SRCL) opened at 78.45 on Monday. The company has a market cap of $6.69 billion, a PE ratio of 40.88 and a beta of 0.13. Stericycle has a 1-year low of $71.52 and a 1-year high of $90.45. The firm’s 50-day moving average is $76.84 and its 200 day moving average is $80.67.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.23%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake 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 worth $18,677,000 after buying an additional 7,191 shares during the period. Teachers Advisors LLC increased its stake in Stericycle by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 90,583 shares of the business services provider’s stock worth $6,979,000 after buying an additional 5,332 shares during the period. Kentucky Retirement Systems purchased a new stake in Stericycle during the fourth quarter worth approximately $476,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Stericycle during the fourth quarter worth approximately $212,000. Finally, Highbridge Capital Management LLC purchased a new stake in Stericycle during the fourth quarter worth approximately $660,000. 95.12% of the stock is owned by hedge funds and other institutional investors.
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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