William Blair Reaffirms Ourperform Rating for Stericycle, Inc. (SRCL)
William Blair reaffirmed their ourperform rating on shares of Stericycle, Inc. (NASDAQ:SRCL) in a report released on Thursday morning. William Blair also issued estimates for Stericycle’s Q1 2018 earnings at $1.17 EPS, Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.17 EPS and Q4 2018 earnings at $1.28 EPS.
Several other equities analysts have also recently issued reports on SRCL. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the company a buy rating in a report on Monday, May 22nd. BMO Capital Markets started coverage on Stericycle in a report on Thursday, June 29th. They issued a market perform rating and a $81.00 price objective for the company. Zacks Investment Research raised Stericycle from a hold rating to a buy rating and set a $85.00 price objective for the company in a report on Wednesday, July 5th. BidaskClub raised Stericycle from a strong sell rating to a sell rating in a report on Monday, July 24th. Finally, Barclays PLC reissued an overweight rating and issued a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $81.25.
Stericycle (SRCL) opened at 72.12 on Thursday. Stericycle has a 1-year low of $68.62 and a 1-year high of $88.00. The stock has a 50 day moving average price of $73.01 and a 200 day moving average price of $79.09. The company’s market cap is $6.15 billion.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. On average, equities research analysts anticipate that Stericycle will post $4.60 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRCL. Kernodle & Katon Asset Management Group LLC acquired a new position in Stericycle in the 1st quarter worth about $100,000. Heritage Trust Co acquired a new position in Stericycle in the 1st quarter worth about $124,000. Pacer Advisors Inc. raised its holdings in Stericycle by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after purchasing an additional 145 shares during the period. Invictus RG acquired a new position in Stericycle in the 1st quarter worth about $145,000. Finally, Morgan Dempsey Capital Management LLC raised its holdings in Stericycle by 2.6% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after purchasing an additional 48 shares during the period. 93.72% of the stock is owned by institutional investors.
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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