Equities Analysts Offer Predictions for Stericycle, Inc.’s Q3 2017 Earnings (SRCL)
Stericycle, Inc. (NASDAQ:SRCL) – Equities researchers at Oppenheimer Holdings cut their Q3 2017 earnings per share (EPS) estimates for Stericycle in a report issued on Thursday. Oppenheimer Holdings analyst S. Schneeberger now forecasts that the business services provider will post earnings per share of $1.16 for the quarter, down from their previous forecast 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.
Other analysts have also recently issued reports about the company. Deutsche Bank AG reduced their price objective on Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Tuesday, April 25th. BMO Capital Markets started coverage on Stericycle in a research note on Thursday, June 29th. They issued a “market perform” rating and a $81.00 price objective on the stock. Finally, Barclays PLC started coverage on Stericycle in a research note on Thursday, April 13th. They issued an “overweight” rating and a $100.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Stericycle presently has an average rating of “Hold” and a consensus price target of $81.15.
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Stericycle (SRCL) opened at 77.06 on Monday. Stericycle has a 52-week low of $71.52 and a 52-week high of $90.43. The stock has a 50 day moving average price of $76.90 and a 200 day moving average price of $80.64. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 40.16 and a beta of 0.13.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS.
Hedge funds have recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC acquired a new stake in Stericycle during the first quarter worth $100,000. Heritage Trust Co acquired a new stake in Stericycle during the first quarter worth $124,000. Pacer Advisors Inc. boosted its stake in Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after buying an additional 145 shares in the last quarter. Invictus RG acquired a new stake in Stericycle during the first quarter worth $145,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. Institutional investors own 95.16% 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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