STERIS PLC (NYSE:STE) posted its earnings results on Tuesday. The medical equipment provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05, Bloomberg Earnings reports. STERIS PLC had a net margin of 4.20% and a return on equity of 11.12%. The firm had revenue of $608 million during the quarter, compared to the consensus estimate of $597.66 million. During the same period last year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. STERIS PLC updated its FY18 guidance to $3.96-4.09 EPS.

Shares of STERIS PLC (NYSE STE) opened at 86.70 on Wednesday. The stock’s 50 day moving average is $82.15 and its 200-day moving average is $74.62. The stock has a market capitalization of $7.37 billion, a P/E ratio of 67.73 and a beta of 1.33. STERIS PLC has a one year low of $63.80 and a one year high of $87.49.

In other STERIS PLC news, CEO Walter M. Rosebrough, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $80.05, for a total transaction of $800,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sudhir K. Pahwa sold 800 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $77.28, for a total value of $61,824.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,340 shares of company stock worth $2,432,704. Corporate insiders own 2.55% of the company’s stock.

A number of hedge funds have recently bought and sold shares of STE. Janus Capital Management LLC increased its stake in STERIS PLC by 0.4% in the first quarter. Janus Capital Management LLC now owns 8,669,694 shares of the medical equipment provider’s stock valued at $602,192,000 after buying an additional 33,758 shares during the last quarter. Wellington Management Group LLP increased its stake in STERIS PLC by 77.8% in the first quarter. Wellington Management Group LLP now owns 6,529,610 shares of the medical equipment provider’s stock valued at $453,547,000 after buying an additional 2,856,744 shares during the last quarter. Legato Capital Management LLC increased its stake in STERIS PLC by 6,926.1% in the first quarter. Legato Capital Management LLC now owns 5,944,248 shares of the medical equipment provider’s stock valued at $85,578,000 after buying an additional 5,859,646 shares during the last quarter. BlackRock Inc. increased its stake in STERIS PLC by 16,597.1% in the first quarter. BlackRock Inc. now owns 5,272,105 shares of the medical equipment provider’s stock valued at $366,200,000 after buying an additional 5,240,530 shares during the last quarter. Finally, FMR LLC increased its stake in STERIS PLC by 9.6% in the first quarter. FMR LLC now owns 2,595,305 shares of the medical equipment provider’s stock valued at $180,270,000 after buying an additional 226,303 shares during the last quarter. Hedge funds and other institutional investors own 91.80% of the company’s stock.

STE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of STERIS PLC from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Tuesday, July 11th. Wellington Shields downgraded shares of STERIS PLC from a “gradually accumulate” rating to a “hold” rating in a report on Monday, June 5th. KeyCorp upgraded shares of STERIS PLC from a “sector weight” rating to an “overweight” rating and set a $89.00 target price for the company in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded shares of STERIS PLC from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $84.00.

COPYRIGHT VIOLATION NOTICE: “STERIS PLC (STE) Issues Quarterly Earnings Results” was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/09/steris-plc-ste-issues-quarterly-earnings-results.html.

About STERIS PLC

STERIS plc provides infection prevention and other procedural products and services. The Company operates through four segments: Healthcare Products, which offers infection prevention and procedural solutions for healthcare providers, including capital equipment and related maintenance, and installation services, as well as consumables; Healthcare Specialty Services, which provides a range of specialty services for healthcare providers, including hospital sterilization services, instrument and scope repairs, and linen management; Life Sciences, which offers capital equipment and consumable products, and equipment maintenance and specialty services for pharmaceutical manufacturers and research facilities, and Applied Sterilization Technologies, which offers contract sterilization and laboratory services for medical device and pharmaceutical customers and others.

Earnings History for STERIS PLC (NYSE:STE)

Receive News & Ratings for STERIS PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STERIS PLC and related companies with MarketBeat.com's FREE daily email newsletter.