Stericycle, Inc. (NASDAQ:SRCL) – Analysts at William Blair cut their Q4 2018 earnings per share (EPS) estimates for Stericycle in a note issued to investors on Wednesday. William Blair analyst R. Daniels now expects that the business services provider will post earnings per share of $1.04 for the quarter, down from their prior forecast of $1.28. William Blair currently has a “Ourperform” rating on the stock.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The firm had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. During the same quarter last year, the company posted $1.24 EPS. The company’s revenue was down .8% on a year-over-year basis.
A number of other equities research analysts have also weighed in on SRCL. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada lowered their price target on shares of Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.17.
Shares of Stericycle (NASDAQ:SRCL) traded down $0.52 during midday trading on Monday, reaching $63.54. 1,084,900 shares of the company traded hands, compared to its average volume of 819,798. Stericycle has a one year low of $61.62 and a one year high of $88.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $5,468.99, a PE ratio of 14.76, a PEG ratio of 1.56 and a beta of 0.19.
In other news, Director Mark C. Miller sold 19,753 shares of Stericycle stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $64.03, for a total transaction of $1,264,784.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of SRCL. First Merchants Corp acquired a new position in Stericycle in the 3rd quarter valued at $1,483,000. Cipher Capital LP acquired a new position in Stericycle in the 2nd quarter valued at $2,600,000. Stevens Capital Management LP acquired a new position in Stericycle in the 2nd quarter valued at $6,240,000. Janus Henderson Group PLC lifted its position in shares of Stericycle by 31.4% during the 2nd quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock valued at $1,286,000 after acquiring an additional 4,021 shares during the period. Finally, FNY Managed Accounts LLC bought a new stake in shares of Stericycle during the 2nd quarter valued at $507,000. 94.19% of the stock is currently owned by institutional investors and hedge funds.
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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