Stericycle, Inc. Expected to Post Q1 2018 Earnings of $1.17 Per Share (SRCL)
Stericycle, Inc. (NASDAQ:SRCL) – Equities researchers at William Blair issued their Q1 2018 earnings per share estimates for shares of Stericycle in a note issued to investors on Thursday. William Blair analyst R. Daniels expects that the business services provider will post earnings of $1.17 per share for the quarter. William Blair has a “Ourperform” rating on the stock. William Blair also issued estimates for Stericycle’s Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.17 EPS and Q4 2018 earnings at $1.28 EPS.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The firm had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. During the same quarter in the prior year, the firm earned $1.18 EPS. Stericycle’s quarterly revenue was up 2.9% on a year-over-year basis.
Several other equities analysts also recently issued reports on the stock. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Friday, August 11th. Barclays PLC reissued an “overweight” rating and set a $100.00 price target on shares of Stericycle in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets assumed coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target for the company. Three 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. The stock presently has an average rating of “Hold” and an average price target of $81.25.
Stericycle (NASDAQ:SRCL) traded down 0.79% on Friday, reaching $71.30. 183,119 shares of the company’s stock traded hands. The firm’s 50-day moving average is $73.13 and its 200 day moving average is $79.17. The stock’s market capitalization is $6.08 billion. Stericycle has a 52-week low of $68.62 and a 52-week high of $88.00.
Large investors have recently modified their holdings of the company. Cipher Capital LP acquired a new stake in shares of Stericycle during the 2nd quarter worth approximately $2,600,000. Silver Heights Capital Management Inc. grew its position in shares of Stericycle by 2.4% during the 1st quarter. Silver Heights Capital Management Inc. now owns 277,515 shares of the business services provider’s stock worth $23,003,000 after buying an additional 6,490 shares during the period. Capital Investment Services of America Inc. grew its position in shares of Stericycle by 3.5% during the 2nd quarter. Capital Investment Services of America Inc. now owns 112,596 shares of the business services provider’s stock worth $8,593,000 after buying an additional 3,825 shares during the period. Vanguard Group Inc. grew its position in shares of Stericycle by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 8,094,210 shares of the business services provider’s stock worth $670,929,000 after buying an additional 251,061 shares during the period. Finally, Barings LLC acquired a new stake in shares of Stericycle during the 1st quarter worth approximately $283,000. Institutional investors own 93.72% of the company’s stock.
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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