Q3 2017 Earnings Forecast for Stericycle, Inc. (NASDAQ:SRCL) Issued By Jefferies Group
Stericycle, Inc. (NASDAQ:SRCL) – Equities research analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for shares of Stericycle in a report issued on Thursday. Jefferies Group analyst S. Dodge now expects that the business services provider will earn $1.15 per share for the quarter, down from their previous estimate of $1.19. Jefferies Group currently has a “Buy” rating and a $108.00 target price on the stock.
SRCL has been the topic of a number of other reports. BidaskClub upgraded Stericycle from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Robert W. Baird cut Stericycle from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $74.00 to $73.00 in a research report on Monday, May 15th. Deutsche Bank AG reduced their price objective on Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 15th. BMO Capital Markets assumed coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective for the company. Finally, Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and an average price target of $81.15.
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Shares of Stericycle (SRCL) opened at 78.45 on Monday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 40.88 and a beta of 0.13. The firm’s 50-day moving average is $76.84 and its 200 day moving average is $80.67. Stericycle has a one year low of $71.52 and a one year high of $90.45.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.23%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. Teachers Advisors LLC raised its position in shares of 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 last quarter. Kentucky Retirement Systems purchased a new position in shares of Stericycle during the fourth quarter worth approximately $476,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Stericycle during the fourth quarter worth approximately $212,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Stericycle during the fourth quarter worth approximately $660,000. 95.12% of the stock is owned by 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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