Stericycle, Inc. (NASDAQ:SRCL) – Equities researchers at William Blair reduced their FY2017 earnings estimates for shares of Stericycle in a research note issued on Thursday. William Blair analyst R. Daniels now expects that the business services provider will post earnings of $4.60 per share for the year, down from their previous estimate of $4.61. William Blair has a “Ourperform” rating on the stock. William Blair also issued estimates for Stericycle’s Q4 2017 earnings at $1.22 EPS and FY2018 earnings at $4.82 EPS.

A number of other brokerages also recently weighed in on SRCL. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $108.00 price target on shares of Stericycle in a research report on Thursday, July 13th. Barclays PLC reissued an “overweight” rating and set a $100.00 price target on shares of Stericycle in a research report on Wednesday, August 9th. Finally, BMO Capital Markets started coverage on Stericycle in a research report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.25.

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Stericycle (SRCL) opened at 71.00 on Monday. Stericycle has a 12 month low of $68.62 and a 12 month high of $88.00. The firm has a 50-day moving average price of $72.86 and a 200 day moving average price of $78.95. The firm’s market capitalization is $6.06 billion.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million for 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%. Stericycle’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share.

Several large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Stericycle by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock worth $483,000 after acquiring an additional 24 shares during the period. RiverPoint Capital Management LLC boosted its holdings in shares of Stericycle by 0.6% during the second quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock worth $393,000 after acquiring an additional 29 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Stericycle by 0.5% during the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock worth $627,000 after acquiring an additional 41 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Stericycle by 2.6% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after acquiring an additional 48 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Stericycle by 3.3% during the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after acquiring an additional 55 shares during the period. Institutional investors own 93.58% of the company’s stock.

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.

Earnings History and Estimates for Stericycle (NASDAQ:SRCL)

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